Benefits Administration in iVantage^®

Soaring healthcare costs affect businesses everyday. The iVantage human capital management system helps benefits administrators by giving them the ability to manage an entire benefits portfolio. Since the portfolio is managed from a central area, calculating premiums is more accurate as well as the timeliness for terminating former employees coverage.

iVantage benefits administration gives human resources the tools to:

• Manage a variety and unlimited number of benefit plans (i.e., medical, dental, vision, retirement).
• Automate and manage the open enrollment process.
• Create timely reports that can help negotiate plan contracts and pricing.
• Analyze employee participation in plans.
• Provide benefit carriers accurate enrollment information.
• Track premium payments and employer/employee contributions.
• Generate reports that cover all aspects of benefits, coverage for employees and dependents, and notices (i.e., HIPPA).
• Organize facts to analyze “what if” scenarios.