Top Ten Reasons to Outsource
1) Reduces the impact of administration of the varied benefits on the Human Resources, Payroll and Accounting departments.
2) Provides the Human Resources, Payroll and Accounting departments the ability to focus on higher priority responsibilities.
3) Reduces costs by streamlining payments under a single line item and payment.
4) Improves the ability to pay billings within a timely manner that could provide opportunities for deductions.
5) Improves ability for the employer to reduce the cash flow impact of “carrying a credited contract” beyond termination.
6) Assists in maintaining HIPAA Privacy controls
7) Increases reporting options and tracking data retrieval
8) Provides employees and their dependents a centralized and knowledgeable resource for questions and concerns.
9) Improves communication between the employer and the benefit providers and other out sourced administrators (i.e. COBRA, TPA…).
10) Enables centralization of benefits
administration for multiple sites and operations
· Consolidated Benefit billing services
One billing to client for all group benefit program
premiums
Electronic transfer of premium payments – Fund
Transfer
Provide monthly employer reports & payment
Statement
· Group benefit plan premium reconciliation
Add new & term old employees
Employer notifies BASIC HR Services of new hires/terms
Obtain credits from benefit providers
· New employee benefit enrollment support/kits
mailings - includes optional voluntary programs
BASIC HR Services informs new employee of eligibility for
Benefits
Provides enrollment forms
Informs benefit Providers
Maintains enrollment records
Notifies Payroll of premium co-pay amounts (if
any)
Employee/Employer customer service assistance
with benefits and claims
800 Telephone line support
Summary plan description mailings
HIPAA privacy compliance