Return on Investment

• Data Export
• Customer Support Services
• System Reporting & Auditing
• Security, Data Encryption
• COBRA Administration
• Document Storage
• Employee Communication

Return on Investment FAQ:

1. How will Businessolver provide a return on investment?
With Businessolver you can offer an online benefits enrollment & eligibility solution at a fraction of the cost of traditional offline/hardcopy processes.

• Benefit inquiry
• Enrollment
• Change requests (address, name, etc.)
• Records requests

• Reduce or eliminate the cost of printing and distributing pounds of paper (new hire packets, SPDs, company handbooks, annual enrollment documentation, etc.)
• Reduce time processing paperwork (keying, faxing, mailing, emailing, etc.)
• Reduce mistakes due to human error.
• Reduce the number of claims errors/issues by working with clean data and faster eligbility turnaround.
• No hardware or software costs.

4. What are the SOFT COST savings with a Businessolver solutions?

• Reduce administrative burden and increase time spent on strategic plan design and communications.
• Create immediate access to your employee benefits data.
• Enhance communication between HR and employees.
• Reduce repetitive HR administrative tasks.
• Improve employee productivity and satisfaction.
• Reduce legal and regulatory exposure.
• Reduce the cost of handling routing employee inquiries through employee self-service.

5. What are the overall business savings with a Businessolver solution?

• When managing employee benefits and eligibility data in one centralized database, that data can be electronically submitted to your benefit providers, TPAs, payroll systems, etc. who need clean and consistent data. In addition, with an online, centralized database like Benefitsolver the employer also enjoys:
• More immediate benefit changes which result in timely and accurate claims payment or rejection processing.
• Reduction in exposure for premium or claims funding dollars due to terminated employees continuing to receive coverage.
• Fewer eligibility issues for employees at point of service.
• Fewer calls to employers from employees with service issues.
• Reduction in employer IT costs for employers who currently transmit enrollment data electronically.