Namely, the leading HR platform for mid-sized companies, introduced a new service offering, Managed Benefits Pro. Managed Benefits Pro simplifies how mid-sized businesses administer and run their employee benefits programs, saving time and money and reducing billing errors. The new service offering includes a powerful combination of Carrier Invoice Reconciliation Services, ACA Consulting, and a Healthcare Concierge that is powered by TouchCare.
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Employee benefits are considered essential and can differentiate an organization as an “Employer of Choice.” Most companies extending benefits packages to their employees include healthcare, dental, vision and even life insurance. Managing these benefits, especially the complexities of interacting with the network of brokers and carriers behind the scenes, is an overwhelming initiative—especially for companies with 50 to 500 employees, who might lack the dedicated full-time benefits teams typically found in large enterprises.
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Benefits challenges faced by mid-size businesses often include costly errors, employee stress and anxiety, and compliance. According to the 2019 Aflac WorkForces Report, responding employees said two of their most stressful activities were submitting a health insurance claim and negotiating medical billing. Further complicating the employee benefits category are seemingly constant legislative changes such as the Affordable Care Act and new rulings designed to address the pandemic crisis.
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