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Reporting shows that for companies that have between 500 and 5,000 employees, the most popular tasks to outsource are Flexible Spending Account administration, followed by COBRA/HIPAA and health and welfare administration.
Administering complex benefit programs across a diverse and geographically-disbursed employee base can be a time consuming and expensive process. Despite that, Human Resources departments are required to provide comprehensive benefit services that meet the needs of all employee constituencies while controlling overall costs. More time must also be spent on strategic corporate initiatives. You must satisfy the multiple benefits service needs of your employee population and respond to corporate directives to do more with less funding.
We have the solution! As a respected leader in employee benefits’ administration,BMC Benefit Services can help. We have web-based applications and integrated services to allow you to reallocate resources to strategic priorities – all without jeopardizing service quality.
Our administrative sevices include:
- Enrollment Services
- Eligibility Management
- Data Management and Reporting
- Billing Administration / Auditing / Premium Reconciliation
- Flexible Spending Accounts / Dependent Care Accounts
- Health Reimbursement Arrangements
- COBRA / HIPAA Administration
Our clients experience a solid return on their investment, usually within the first year of administration. Our advanced systems and hands-on benefits team eliminate hours of details for your HR staff, reduce the number of calls and questions and enable them to focus on people rather than paperwork. BMC Benefit Services offers bottom-line results and top-line employee satisfaction!
Results include:
- Hard dollar savings on benefit administration
- Time savings for HR staff/management
- Enhanced employee satisfaction with benefits
- Increased savings through timely terminations, payroll deductions, carrier billing reconciliation
- Electronic interface with vendorsAccurate, timely reporting to enable informed decision making
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