An employee benefits manager is in charge of overseeing the administration of a company’s employee benefits plan. Employee benefits managers find the best insurance plans at the best prices from insurance providers, communicate the benefits and their costs to employees, and supervise the submission of employee claim forms to the insurance provider. These responsibilities are usually handled by human resources or office administration in organizations that do not have an employee benefits manager.
When it comes to setting up a company’s health plan, the first step for employee benefits managers is to find a plan that suits the majority of employees at the best price. This entails contacting a variety of insurance companies to learn about their packages and rates. For most businesses, the ideal insurer provides flexible plans that cater to a wide range of employees while remaining cost-effective. The employee benefits manager will establish a relationship with a contact person employed by the insurer, such as a plan representative or corporate salesperson, once an insurance provider has been selected.
An employee benefits manager is in charge of making sure that all eligible employees are aware of the details of the employee benefits plan. These details include what the plan covers, how much it costs, and how you can pay for it. The cost of coverage is deducted directly from the employees’ pay checks in many employee benefit plans. Employee benefits managers also act as a liaison between employees and insurers, answering questions such as whether employees can opt out of the plan if they are already covered by a spouse’s plan.
Employees are given materials such as a benefits handbook that explains their benefits and a benefits card that they can present to healthcare providers at the time of purchase if their plan is based on co-payments rather than reimbursement. Employee benefit plans that operate on reimbursement usually entail a lot of paperwork being sent back and forth from the employee to the insurer, which the employee benefits manager is responsible for. Before submitting a claim, the employee benefits manager usually double-checks it to make sure the original receipts are attached and that all required information is included on the forms, such as the employee’s health plan ID number, social security number, and signature.