 |
Daily
- Process all incoming submissions (Enrollments/Changes/Terminations)
- Administer the BenefitPlan Manager System
- Receive employee inquiries
- Enter COBRA premiums
|
| |
Monthly
- Verify accuracy of all insurance bills
- Process any inconsistencies at the insurance company and notify the client of the debits and credits
- Remit COBRA check for all money collected that month from COBRA participants
- Provide subsidy credit report
|
| |
Semi-Annually
- Determine the eligibility of dependents within the age limitation of the plan design
- Mail each employee with dependents within the age limitation a letter notifying him or her that Proof of Student Status is required or COBRA will be offered.
- Submit student status verification or termination to insurance carriers
|
| |
Annually
- Produce Life Insurance Table I Report
- Notify Employees of Rate Changes due to Age Based Pricing
- Update the BenefitPlan Manager website for Open Enrollment
- Initiate and manage Open Enrollment for the employees
- Modify/delete benefits in accordance with renewal contract
- Creditable Coverage letter to affected employees
|