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HSA Administration Company, Clarity Benefit Solutions, Shares Four Ways to Help Clients Save on Benefits Administration Costs
Friday, October 12, 2018

NEW YORK, Oct. 12, 2018 /PRNewswire/ -- HSA administration company, Clarity Benefit Solutions, shares four ways to help clients save on benefits administration costs.

Providing benefits for employees is a challenge in and of itself for clients. Factor in the cost of administering these benefits, and a majority of clients may be overwhelmed and confused. Fortunately, technology and decision-support tools will provide clients with the resources they need to reduce administration costs. Here are four ways to help clients save on benefit administration costs.

Assess current benefits. Take a close look at the client's current benefit offerings, zeroing in on inefficiencies such as hardly used or unused benefits. Do not give employees too many options to choose from, as they may then find the benefit selection process too overwhelming.

Eliminate unnecessary benefits. Another method to streamline benefits administration costs is to remove the client's hardly used and unused benefit options. Then, the benefit administrator won't have as much information to handle and can focus his or her time and attention on assisting employees with the selection process.

Offer ongoing education. Ensuring that clients relay to their employees the extent of benefits they have access to is sure to reduce administration costs. Help clients ensure employees understand this information completely by delivering it in a variety of formats. Meetings, emails, webinars/websites, print, and social media platforms will reach any multigenerational workforce. Have a benefits expert available to handle any questions or concerns.

Recommend benefit administration software. Clients that use benefit administration software will simplify the costs associated with benefits administration. This software will automate processes such as tracking new hires, managing employee leave, and firings; reduce paperwork; and reduce the change for human error. And, significant time savings will be the result! The benefits administrator can then turn his or her attention to other important tasks. Additionally, clients will have access to a national network of providers that will directly connect them with their plans and their carriers--taking the guesswork out of compliance.

About Clarity Benefit Solutions: Clarity Benefit Solutions provides technology that makes the health insurance plan selection process fast, easy, and straightforward. For over two decades, we have provided clients with industry-leading technology, compliance, and exceptional customer service. Our offering is designed to save time and lower the costs of managing benefits while also promoting employee self-service and automated ACA compliance.

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SOURCE Clarity Benefit Solutions

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