Benefits administration: Manage employee benefits programs, including health insurance, retirement plans, life insurance, disability coverage, and other offerings. Handle changes or updates to employee benefits due to life events like marriage, childbirth, etc.
Benefits enrollment: Guide employees through enrollment, help them understand their benefits, and ensure all forms and documents are completed on time.
Compliance: Ensure the organization’s benefits programs comply with company policies and relevant laws, such as the Affordable Care Act (ACA) and other regulatory requirements.
Vendor management: Work with insurance and retirement plan providers and vendors to ensure employee data is enrolled correctly and benefits are delivered on time and as needed.
Record-keeping: Maintain accurate employee benefits records, enrollment data, and relevant documentation. Coordinate with payroll for payroll deductions.
Addressing employee concerns: Respond to employees’ questions regarding benefits, coverage, and eligibility during enrollment.
Educating employees about benefits programs: Provide accurate and complete information about benefits plan coverages, options, deductibles, employer contributions, employee premiums, enrollment deadlines, and any changes to existing benefits.
Cost analysis: Understand the financial implications of different benefit options and compare the expenses of various benefit plans to evaluate their impact on the organization.