Benefits Administration Process Flow
The Benefits Administration application can be considered as four main processes: setup, benefit plan enrollment, plan maintenance, and benefit processes. Take a closer look at what the four processes involve.
Benefits Administration Setup
The Benefits Administration Setup section looks at the decisions needed to structure your organization's use of Infor Benefits Administration. Define the company parameters and settings that are specific to the Benefits Administration application. Structure your benefit plans and set your plan entry rule requirements. Define coverage and plan contribution types, and decide on automation rules to automate processing.
Benefits Plan Enrollment
The Benefits Plan Enrollment section includes the processes and procedures needed to enroll your employees in your benefit plans. Included are flex benefit, COBRA participant, and retiree enrollments. Also discussed in this section is the process of maintaining your employees' enrollments.
Benefits Plan Maintenance
The Benefits Plan Maintenance section considers a variety of maintenance processes and procedures to update and maintain your organization's benefit plans. Included are maintenance on flex vacation-type plans, spending account withdrawals for employees and COBRA participants, stock purchases, savings bond purchases, and maintaining benefit plan balances.
Benefits Administration Processes
The Benefits Administration Processes section considers assorted processes that fill out your benefit maintenance needs. Included are incorporating taxable income from excess life insurance, auditing benefit data, COBRA participant and retiree invoicing, simulations, and purging.