Open Enrollment 
Implementing the Empower Open Enrollment Solution for annual enrollment periods will reduce the effort required by the client HR department from an average of 30 minutes per enrollment via paper to 5 minutes per on-line enrollment in Empower. The employee updates their dependent, beneficiary, and benefit selections on-line, and they are routed to HR for on-line approval. Once the OE period is closed, the data from open enrollment automatically updates the contacts, beneficiaries, benefits, and deductions (once payrolls run for the period in which the benefit takes effect).
In addition to the time savings, your organization will reap savings in the form of production, delivery, receipts from employees, and filing, which averages $120 per employee. There are no issues with lost paperwork, and the system can provide up-to-date feedback to HR regarding the number of individuals who have completed enrollment. The Society for Human Resource Management (SHRM) suggests that an error rate of 3% on the total benefit premiums when enrollment is processed manually. By automating data collection and implementing carrier interfaces, the error rate will be drastically reduced and lead to a savings of roughly $120 per employee.
Employees can easily...
- View their current benefit coverage to plan for future benefit needs
- Electronically enroll in a rules-based system that allows only eligible selections to be made
- Access benefit information and make benefit selections from any computer using the web
- Update or add contact information to change dependents and beneficiaries on benefit plans
Enabling Managers and Administrators to...
- Reduce the burdensome costs of producing, distributing, and collecting enrollment paperwork
- Control what benefits the employee can select based on pre-determined eligibility requirements
- Approve employee benefit enrollment and provide electronic feedback for correction for rejected enrollment requests
- Save as much as $120 per employee
- Reduce administrative workload
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