Employee benefits administration is a complicated process. Therefore, there is a need for integrated systems where all the stakeholders, employers, employees, and insurance carriers can communicate effectively to streamline the process and save time and resources for all the parties involved.
Let us talk about EDI carrier connectivity using benefits administration systems. Carrier connectivity solutions allow companies to automate benefits enrollment data and changes directly to insurance companies. Data provided by an employee during the open enrollment, qualification change, or life change events are automatically converted to the desired format by any carrier and transferred securely to them.
This solution reduces the time it takes to create automatic contacts by days or weeks and work in groups of any size. Other solutions offer financial connectivity, which provides 401 (k), 403 (b), and additional information on deductions to and from carriers through EDI.
EDI connectivity solution eliminates the manual method of delivering sensitive benefits data. This works for groups of any size and is fast. Additionally, the system will monitor all ongoing communications to ensure a smooth and hassle-free experience. Customers have access to a portal to access all contacts and track what was sent to whom and when.
EDI stands for Electronic Data Interchange, and it is an electronic communication method that provides standards for the exchange of data from any electronic medium. Tabulera’s team technology takes all the steps required for EDI file creation and makes the process seamless and automated for clients. To know more, visit https://tabulera.com/technology/edi-connectivity.
A smart form is an operator record, life change, or abandonment coverage document. Usually provides a carrier to the customer, partner, or broker. The advantage of it is that it uses proprietary smart forms methods to transfer benefit information where a standard career approach may not be possible.
Characteristically, carriers allow employers of more than a hundred employees to configure EDI. However, with Tabulera, you can create an EDI connection whenever you need it. When this is not an option, smart forms will do the job, so manual data entry is a thing of the past for good.
There is no need to worry if your carrier does not accept EDI files. You can communicate data using a system that fills out digital forms and sends them to your carriers’ contacts. This eliminates the need for employees to fill out these forms manually and administrators to enter enrollments on carriers’ websites.
Within solutions provided by Tabulera, you will see all the files sent from the system. You can verify that emails or faxes were successfully delivered. You can view each EDI file provided, review the summary of the data contained in each file, and even use a comparison tool to compare multiple files.
Workflows can be organized to notify you and the team if any changes have been made and if data will be transmitted to carriers. The frequency at which EDI files are sent depends on the carrier. The software can send files at any frequency.
