Following an enrollment or life event, PEC provides each employee with a summary of benefit elections, coverage tiers, employer contribution and deduction periods. Not only can this document be used to collect post-enrollment documents, but also be turned into a Total Compensation Statement.
Reminds employees of additional actions needed regarding: Evidence of Insurability, dependent verification, FML, COBRA, SBCs.
Relieves Human Resources’ time by reducing the administrative burden
Provides accessible records for Human Resources, management and employees
Notifies employee of incomplete enrollment
Offers the occasion to reinforce total compensation value information
Complements Health Care Reform requirement to share value of medical plan