Employee Benefits Solution

Employee Benefits are an important source of talent attraction, retention, income protection and help employers to support a powerful employee engagement and healthy workplace culture.  Insurance providers and their partners understand that the Employee Benefits service model has become a crucial factor in employers selecting and retaining their Employee Benefits package offering to their workforce.

Employer-funded group insurance products are the bedrock of Employee Benefits Plans. Traditional models focused on servicing the employer and not the employee. However, in today’s customer-centric yet highly regulated world, much of the focus has shifted to offering the employee improved insights, flexibility and protection through modern core software with digital API driven and powerful service models.  A move away from legacy core systems and selecting a modern Employee Benefits core industry platform is critical to the future success of group insurers.

Managing Employee Absence Benefits

In today’s economy, there are numerous reasons to be absent from work.  Complicating matters, specific to the United States, is an ever-changing list of federal, state, and municipal leave laws. Employers must determine which laws apply to any given absence and act accordingly to avoid liability and remain in compliance. This requires highly developed absence management processes and systems. To remain compliant, employers need integration between insurance products and absence and leave management practices. Up-to-date regulatory rules, real-time employee information, and integration with disability and paid leave claims are critical in absence and disability management.

• FINEOS Absence simplifies the complexity, automating processes around both paid and unpaid absences.
• FINEOS IDAM holistically addresses the complex process of absence management with integrated disability claims and absence management, policy administration and payments.
• Paid Leave supports legislative leave reasons at the Federal, State and Municipal level.

The employee benefits market is one of the most complex insurance domains within the global insurance industry. Carriers in this space require a modern core system, supported by a market leading vendor with a dedicated team of deep subject matter experts, alongside a passion and purpose to continuously deliver fresh and market leading core system capabilities through R&D investment