Product Details
In the complex employee benefits industry, insurance carriers, brokers, and business owners can find relief with BeneTrac - a comprehensive solution that brings an end to hours of tedious paperwork and administrative hassles. It's benefits administration that's paperless and effortless. Select a product detail below to learn more about BeneTrac.
Real-Time Access to Information |
Gatekeeper Authority |
Eligibility Tracking |
List Bill Audit Service |
Hidden Paycheck |
Report FactorySM |
COBRA FactorySM |
Data Security and Integrity |
Employee Self-Service Portal |
Employee Communication Tools |
Payroll/Carrier Integration |
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Real-Time Access to Information
BeneTrac provides unlimited access for administrators and employees to change, update (during open enrollment), or review benefits data any time, from any location.
Gatekeeper Authority
To ensure that information remains accurate, group administrators retain the authority to approve all data before it is transmitted to carriers.
Eligibility Tracking
BeneTrac manages and calculates eligibility and effective dates for new hires, life events, and open enrollment according to each group's unique rules. This streamlines benefits management and transmits more accurate data to carriers and providers.
List Bill Audit Service
BeneTrac can regularly audit carrier billings to make sure they match data in the system. Audits ensure accuracy of carrier invoices, assist in the timely delivery of employee enrollments, and confirm real-time employee eligibility at the point of care.
Hidden Paycheck
BeneTrac easily computes the value of employees' total compensation packages, including annual earnings and employer-paid benefits. Employers can quickly generate custom reports showing any and all of this information.
Report FactorySM
In just a few clicks, choose the information you need in order to generate standard industry or fully customizable reports, even when company benefits are with multiple carriers. Run reports by department, location, division, or other data breakdown. When authorized by HR, data is also available to brokers or third-party administrators.
COBRA FactorySM
BeneTrac can help administrators generate or manage notifications and billing for COBRA policies. This feature helps to ensure that COBRA notices are made on time and billing is accurate. This is an additional feature available for a nominal monthly fee.
Data Security and Integrity
BeneTrac takes any and all necessary measures to ensure the utmost security of client data. The technology's IT controls include persistent internal monitoring of logical access to applications and back-end databases, system changes, and data security. This monitoring is supplemented with physical hardware and software gates that have been validated as secure through diligent vulnerability testing by external assessors.
Employee Self-Service Portal
BeneTrac helps employees take control of their benefit choices. They can enter, change (during open enrollment), or review their benefits data online anytime and anywhere they have Internet access.
Employee Communication Tools
Group administrators can communicate news and announcements, reminders, or other information to employees through mass emails or an electronic bulletin board within the BeneTrac system.
Payroll/Carrier Integration
On behalf of HR, BeneTrac shares employee premium deduction data with the company's payroll system, benefits carriers, and third party administrators in real time — without extra cost or effort.
