How Leading Benefits Administration Platforms can put You in Control of Your Data

How Leading Benefits Administration Platforms can put You in Control of Your Data

Administering employee group benefits plans directly with insurance carriers, or through many ben-admin modules in HRIS platforms, comes at a cost. Some obvious, like a lack of robust data compliance built into these systems, which results in liabilities in the way of plan member data errors. Some, less obvious but still significant, like: the lack of robust data retention.…

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Meet Effortless Admin’s Newest Partner: BambooHR

Meet Effortless Admin’s Newest Partner: BambooHR

We’re excited to announce that we’ve teamed up with BambooHR to help take your HR product stack to the next level. Integrating BambooHR with Effortless Admin reduces your workload and the risks associated with duplicate data entry by automatically pulling employee information from BambooHR into the Effortless Admin platform.…

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How a TPA Increases Flexibility

How a TPA Increases Flexibility

In previous articles we covered various third party administrator (TPA) topics including: what a TPA is, and how some TPAs can lower the cost of administration. This article looks at how a TPA can streamline group benefits administration for your company while also giving your company the opportunity to offer best-in-class benefits to your employees. The most common way in which a TPA can increase flexibility is by offering a centralized, robust employee benefits administration system that…

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How a TPA Lowers Administration Costs

How a TPA Lowers Administration Costs

The true cost of an employee group benefits plan is more than the plan’s premium. The plan must be administered, and administration is a time consuming, inefficient, and costly part of employee benefits. Benefit plan admin is usually a process of never ending paper chasing for enrollments and other forms, while maintaining a wall of post-it note reminders of important dates as well as an excel sheet to cross reference against insurance company admin websites and invoices.…

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What is a Third Party Administrator (TPA)?

What is a Third Party Administrator (TPA)?

For years, Third Party Administrators (TPAs) have been the norm in the United States. Their ability to knit together insurance carrier products to make best-in-class benefit packages while controlling costs, along with the administration and billing efficiencies they bring, have made them the obvious choice for managing employee group benefit plans. Although TPAs have been around for a long time in Canada they have only recently started picking up steam…

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The Liability Risks Hidden in Your Employee Benefits Data

The Liability Risks Hidden in Your Employee Benefits Data

Conference Board of Canada: "Employee benefits could not be more important to engagement and retention of an organization's workforce - or, in many cases, more misunderstood." Administering even simple employee benefit plans can be complex and time consuming, and even simple administration errors or omissions can expose your organization to significant liability. These issues only get worse if you want to take advantage of leveraging multiple carriers in order to construct a best-in-class benefits plan.…

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