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EverythingBenefits in the Workforce Ready Marketplace
TITLE SLIDE + EverythingBenefits in the Workforce Ready Marketplace Scott taylor
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Many Powerful Solutions – One Easy Tool
AGENDA SAMPLE – SLIDE 1 of 4 FOR ANIMATION AGENDA Many Powerful Solutions – One Easy Tool Why EverythingBenefits? Carrier Connectivity 401(k) Integrations COBRA Administration To insert custom art in the 1 SPOT: Delete the icon Insert New Icon To insert custom art in the 2-4 SPOTS: Delete the icon Insert New Icon Open Animations Set icon Animation to FADE with Timing as WITH PREVIOUS
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All from one central location within Workforce Ready.
EverythingBenefits can help. 401(k) Integrations Deliver and receive retirement plan deductions automatically Carrier Connectivity COBRA Compliance Enroll in, change, and terminate benefits Track qualifying events and get notices managed quickly easily Carrier connectivity: We are connecting WFR clients directly to the various carriers. So whether its during OE or a life change event that happens during the year, we automatically send these changes to the carriers. A big piece of our CC is the tools in the back end that are checking for accuracy of data and not just simply sending data. We have concepts like verify trust and the look back which help us send clean data and scan for human error. 401(K): Automatically send 401(K) data based on carrier requirements.. Have 360 capability COBRA: With our integration with WFR we are taking the whole COBRA administration process and truly turning it into a two click process for the client. As a COBRA event happens our system will automatically pick up on it and send a notification to the client to confirm that the event was or wasn’t COBRA. Once the client confirms the event is COBRA they will confirm that the ex employees address and information is still the same based on when entered into Kronos. After that we are communicating with the ex employee directly and getting them enrolled in COBRA coverage if they elect. Lastly and an other huge piece is that everything we are doing with COBRA is available visually to the client. SO for auditing purposes and if the client ever needs to prove COBRA compliance all they need ot do is log into WFR and pull the COBRA report. All from one central location within Workforce Ready. Sources: Corporate Leadership Council
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Our Solution Insurance Carriers & Benefit Providers Open Enrollment
Benefits Selection Benefit Plan Definition Self-Service Reports ACA Compliance Carrier Connection 401(k) Integrations COBRA Compliance It all starts with Kronos WFR – a unified HCM solution housing the features and data infrastructure required to run benefits enrollment periods, allow employees to select packages/make life event changes, define different benefits plan structures for employees to choose from, allow employees to check in on their eligibility, enrollment status, and cost, as well as automate ACA compliance for benefits administrators. When a customer adds EverythingBenefits through the Marketplace, they gain a whole new layer of automation and integration. EB pulls in the employee data it needs from WFR and communicates that info to benefits carriers and government offices required to both enroll in, change, or terminate employee benefits and maintain COBRA compliance. The agencies with which EB communicates also then relay confirmations, statuses, and other important data back to EB, which automatically rolls into relevant WFR reports. All without users ever having to leave the comfort of the WFR interface.
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Competitive Differentiators Why EverythingBenefits?
Verification of Data Look Back Feature Quick Turn Around 360 Connection Capability Nationwide/Fidelity Two Click Process Integrated into KronosSystem Proof of Compliance Carrier Connectivity 401(k) Integrations COBRA Administration
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Products Coming to Marketplace
Premium Reconciliation Reconcile Invoices from Carriers with internal Payroll Data Stops Leakage Cost Saves TIME Low Competition Consolidated Billing Reduce administrative overhead One easy to read invoice
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Benefit Package Reports
PROPER SCREEN SLIDE – USE MIX OF BACKGROUND COLORS FOR MULTIPLE SCREENS To insert Screen Select Device Send to the back Select Screen Delete Screen Inset New Screen Send it to Back to put in the device window Features Benefit Package Reports See all benefits packages The benefit package report is how EverythingBenefits perceives WFR benefit data.
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Benefit Package Reports
PROPER SCREEN SLIDE – USE MIX OF BACKGROUND COLORS FOR MULTIPLE SCREENS To insert Screen Select Device Send to the back Select Screen Delete Screen Inset New Screen Send it to Back to put in the device window Features Benefit Package Reports The benefits package report displays your employees’ enrollments and their statuses in an easy-to-read list that you can drill into to get individual details and make modifications as needed.
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Viewing Forms Features
PROPER SCREEN SLIDE – USE MIX OF BACKGROUND COLORS FOR MULTIPLE SCREENS To insert Screen Select Device Send to the back Select Screen Delete Screen Inset New Screen Send it to Back to put in the device window Features Viewing Forms Forms are automatically populated with WFR employee data Within each benefit package, administrators have the ability to see the employee benefit forms [click to transition slide] that are automatically populated if the forms-based implementation is selected. [click to transition slide] No need to manually fill forms; they’ll already have employee data from WFR pulled into them in the appropriate spots, making them ready to submit automatically.
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Add newly imported deduction
PROPER SCREEN SLIDE – USE MIX OF BACKGROUND COLORS FOR MULTIPLE SCREENS Mark as processed when complete To insert Screen Select Device Send to the back Select Screen Delete Screen Inset New Screen Send it to Back to put in the device window Retirement deduction import Features 401(k) 360 Capabilities Existing deduction Add newly imported deduction This is what the process looks like. [click to transition slide] As you can see, imported deduction info appears on the left, and existing deductions are recorded on the right. You can also add deductions here and mark deductions as processed, ensuring that you have a record of which tasks have been completed.
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COBRA Data Feed/Approval
PROPER SCREEN SLIDE – USE MIX OF BACKGROUND COLORS FOR MULTIPLE SCREENS Features To insert Screen Select Device Send to the back Select Screen Delete Screen Inset New Screen Send it to Back to put in the device window COBRA Data Feed/Approval Recognizes potential COBRA-qualifying events Shows new enrollments Two-click approval – confirm event and review details/save This is what the COBRA qualifying event notifications look like in the EB Marketplace solution. As you can see, it’s simply a matter of a couple clicks to make an approval or rejection happen. [click to transition slide] You also get the chance to approve or edit the details of the event and add notes before confirming your approval. Upon approval, the event automatically gets pushed into EB’s queue for sending notifications and they start the process on their end.
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Pricing Carrier Connection: $1000 implementation fee, $1.50 PEPM
COBRA Administration: $1000 implementation fee, $1.50 PEPM 401(k) 180: $.25 PEPM when ordered with Carrier Connectivity, $1.50 as a Stand Alone 401(k) 360: TBD
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EverythingBenefits Contacts
Scott Taylor- Manufacturing & Retail Sector Verticals Contact info: Ext 710 Nick Stearns- S&D and Public Sector Verticals Contact info: Ext 717, Kevin Reinhardt- Healthcare Vertical Contact Info Ext 732, for general questions
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Thank you !!
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