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We create a benefits database to produce employee eligibility reports and ensure prompt benefit plan enrollment. Terminated employees are notified with regard to benefits continuation compliance. Insurance and investment premiums are calculated and reconciled to ensure correct carrier records and accurate and timely premium payments. Using this service, our clients minimize significant liabilities and wasteful spending on benefit plans. For example, assume an employee is eligible for medical insurance after 60 days of employment. On the 61st day, he has an accident and is not yet enrolled for medical coverage. With whom does the responsibility lie to pay the claim? Assume a terminated employee doesn't receive proper COBRA notification and has an accident months later. Who is responsible to pay the claim and/or insurance coverage? Under both circumstances, the employer would be held liable. Failure to delete terminated employees from benefits coverage after offering COBRA benefits and leaving the terminated employee unnecessarily on the plan is a frequent error. Those premiums may not be recouped, which becomes money wasted. Using the SYBEN System controls these situations. SuperiorUSA will track eligibility requirements, notify the employer and the employee of eligibility determination, provide enrollment forms to the employee and follow-up concerning forms completion. We notify terminated employees of COBRA continuation, add and delete employees from coverage as required, and track the benefits billing to be certain of accurate premium accounting. We remove the hassle of benefits monitoring and billing, while reducing the employer's potential liability. |
By using the SYBEN System, SuperiorUSA can offer unique eligibility/enrollment processing and benefits billing assistance. How can the SYBEN System work for you? Through electronic interfacing, we "read" your payroll records and other information sources to create a complete benefits monitoring package to provide our clients significant time savings and compliance assurance.
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