Employee Benefits Administration
One of the largest and most popular of PEO services, employee benefits administration encompasses a wide variety of topics. Using an employee leasing company and outsourcing your employee benefits administration not only cuts down on paperwork, but it also saves your company money by eliminating the need to hire full-time personnel to handle areas including:
- Patient Advocacy Administration
- Total Compensation Statement Generation
- Health and Welfare Administration
- Flexible Spending Account (FSA) Administration
- Premium Reconciliation
- Premium Only Plans (POP)
- Defined Benefit Administration
- Transportation Reimbursement Incentive Program (TRIP) Administration
- COBRA/HIPAA Administration
- Leave of Absence Administration
- Print and Fulfillment Services
- Enrollment Reporting
By saving money with employee benefits administration from a PEO, you can refocus funds on areas that increase profit, or other areas such as improving employee morale. Regardless of how you choose to spend your money, you’ll also enjoy not having to spend many tedious hours working on employee benefits administration, and instead you can rest easy knowing that your PEO is handling the paperwork and busywork.
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