2020 in Review

2020 in Review

What a year 2020 has been! It is hard to believe it’s drawing to a close already. There isn't a single person who hasn't been impacted by the COVID-19 pandemic in one way or another this year, and…

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Digitizing Employee Benefits Administration

Digitizing Employee Benefits Administration

Some industries have taken advantage of distributed workforces for years. Tech companies, for example, have had time to experiment with different ways to effectively manage teams working remotely. Ready or not, 2020 has seen a major shift for many organizations towards having more of their workforce operating off-site. Today’s workplace communication and collaboration technologies like Slack, Zoom, Dialpad and…

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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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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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