Establishing, maintaining, and managing benefits on behalf of an organization is arduous,
Often, the cost savings that may come in changing carriers will have been eroded when the first renewal comes in. And then the HR administrator is facing the decision of revisiting the marketplace or absorbing the increase.
JungoHR reduces administrative overhead and
Electronic transfer of data to your insurance carrier
Benefits administration can be complicated and filled with rules that vary by province, as well as CLHIA guidelines.
We have invested in world-class computer software to provide you with accurate and timely benefits administration.
Plan waivers available where allowed by contractual language
We maintain an electronic record of all changes including documenting the time and identity of the individual making the changes
Mandatory plans–enrolment/eligibility audit
Compliance with provincial/federal legislation
Offering a variety of billing reports
Detailed monthly billing
Comprehensive billing records
Premium rate changes
Plan design and benefit structure changes as required with amendment
Employer/employee cost share
Employee deductions calculation
Receiving and reconciling monthly premiums
Life changes (marriage, cohabitation, separation, divorce, birth, death)
Changes in employer location (division)
Changes in employee eligibility including hours of work and benefits class
Confirming that he/she is an employee of your company
Confirming that the employee has completed the eligibility period required under the policy
Confirming the eligibility of dependents for family benefits
Establishing the effective date of the employee's insurance
Establishing whether evidence of the employee's good health and/or the employee's dependents' good health is required for participation
New employees–by fillable PDF forms, re-enrolment
Entire plan additions–accurate collection of employee data (electronic transfer or re-enrolment of employees)
Termination of employment
Severance and extension of benefits support
All-inclusive services using state-of-the-art software
Competitiveness: JungoHR buys in large volumes and is able to negotiate discounts with carriers. We have significant clout in negotiating new contracts and renewals.
All employee information resides with JungoHR administration: We can introduce a new carrier to an employer’s plan with little or no disruption to a company and its plan members.
Plan sustainability and cost containment: JungoHR administration represents a significant block of business. We are able to spread risk over our entire block of business. This gives greater cost certainty and not as much vulnerability vs. dealing directly with an insurance company.
Access to multiple insurance carriers: Having access to multiple carriers helps to minimize increases to the company plan. It’s easier for JungoHR administration to negotiate a renewal with a carrier.