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Benefits Administration SoftwarePaylocity

Benefits administration software is a software solution designed to automate benefits administration. These software solutions typically have features for enrollment, premium calculation, medical expense deduction, and payments to benefits providers.

Vendor

Vendor

Paylocity

Company Website

Company Website

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Product details

A friendly and full-featured benefits platform.

Benefits administration doesn’t have to be a chore. Easily set up enrollment, navigate compliance, and automate processes — while providing employees a simple, intuitive experience.

Features

  • **More Autonomy, Less Confusion: **Enroll, access, and manage benefits — anytime, anywhere, on any device. Our guided enrollment experience, complete with Benefits Decision Support — powered by Reclaim, helps your employees easily choose the plan that best fits their needs. We help you provide a straightforward experience to increase engagement and reduce inquiries.
  • **Turn Information into Insights: **Get a clear snapshot of key metrics, admin alerts, and enrollment statuses with our intuitive dashboard overview. Reports help you gain insights into benefits costs and trends for better budgeting and plan design.
  • **Offer Diverse and Competitive Benefits: **Configure a wide range of plan options for core benefits like medical, dental, and vision to flexible spending accounts (FSAs) and health savings accounts (HSAs). Manage Flexible Benefits through Paylocity so employees can easily contribute and submit claims in one place.
  • **Move From Manual to Magical: **Free up your time with robust automation tools. Stay informed with notifications about eligibility changes and streamline routine requests with workflows. Automated reminders help maximize employee participation during open enrollment.
  • **Connect Your Data with Integrations: **Save valuable time, minimize errors, and help maintain consistent data. The seamless connection with HR and Payroll means eligibility and payroll deductions are accurate. Plus, our carrier integrations save you time and money by eliminating manual processes and helping to prevent wasted payments.
  • **Simplify Compliance Complexities: **Don't let compliance become a gamble. Get eligibility notifications, automatically generate and send EDI files to carriers, as well as pull specific data for reporting. Get compliance peace-of-mind and learn more about how Paylocity helps you manage compliance.
  • **Go Beyond the Basics with Flexible Benefits: **With Paylocity, seamlessly manage COBRA benefits and other flexible contribution plans like FSAs, HSAs, and transportation accounts. Employees can conveniently review balances and file claims – all in one familiar location, alongside their paycheck and time-off access.

Benefits

  • **The Power of Access: **Using Paylocity, employees can manage enrollments, check spending accounts balances, file claims, and more from any device. Notifications remind employees of critical information, helping them take full advantage of their coverage.
  • **Ease and Transparency: **A simple step-by-step enrollment experience equipped with tooltips and cost breakdowns makes benefit selection simple and transparent. With tools like Community and Learning, employees can stay up-to-date and informed about benefits.
  • **Benefits Decision Support: **No more guessing games when it comes to selecting the right plan. Personalized recommendations based on employees’ specific preferences and situations creates more certainty that their benefits meet their unique needs.