Overview of PlanSource

Provider Management is an essential feature of software that streamlines the process of managing and monitoring a wide range of service providers. This feature provides a centralized view of all the providers, making it convenient for businesses to track their performance, resolve issues, and maintain a seamless supply chain. One of the key functionalities of Provider Management is the ability to onboard and add new providers to the system. It allows businesses to store all relevant information related to each provider, including contact details, contracts, and agreements. This

Life insurance administration is an essential component of any insurance company's operations. It refers to the process of managing and overseeing all aspects of life insurance policies, including customer information, policy details, premiums, and claims. This feature plays a crucial role in ensuring the smooth and efficient functioning of the entire insurance process. One of the key features of life insurance administration is the ability to store and manage customer information. This includes personal details, such as name, address, contact information, as well as policy-specific

HSA/FSA (Health Savings Account/ Flexible Spending Account) administration is a feature that allows users to seamlessly manage their health savings and flexible spending accounts through a software platform. This feature is designed to simplify the process of tracking and using these types of accounts, making it easier for both individuals and businesses. With HSA/FSA administration, users are able to view their account balances, transaction histories, and claims information all in one place. This provides a clear overview of their funds and expenses,

COBRA Administration is a vital feature in software that enables organizations to effortlessly manage their COBRA (Consolidated Omnibus Budget Reconciliation Act) responsibilities. COBRA is a federal law that gives ex-employees, retirees, and their dependents the right to continue their employer-sponsored health benefits coverage for a limited period at their own expense. With COBRA Administration, employers can efficiently handle all aspects of COBRA compliance, which is time-consuming and complex. This feature autom

Software features refer to the various tools and capabilities that a particular software offers to its users. One such feature that has gained popularity in recent years is Benefits Administration Outsourcing. This feature allows companies to outsource the management and administration of employee benefits, such as health insurance, retirement plans, and other perks and incentives, to a third-party provider. By outsourcing benefits administration, companies can streamline their HR processes and free up valuable time and resources. The third-party provider takes care of all the paperwork,

Online Benefits Enrollment is a modern software solution that simplifies and streamlines the process of enrolling in employee benefits. It is an efficient and user-friendly platform that allows employees to access and enroll in their benefits electronically. This feature of the software eliminates the hassle of manually filling out paper forms and submitting them to the HR department. With Online Benefits Enrollment, employees have the convenience of accessing their benefits at any time, from anywhere with an internet connection. They can view details of all available benefits, compare

Health insurance administration refers to the management of health insurance policies and claims by healthcare organizations or insurance companies. It involves a wide range of tasks such as enrolling members, verifying eligibility, processing claims, and maintaining policy information. One of the key features of health insurance administration is member enrollment. This feature enables healthcare organizations to efficiently enroll new members into their insurance plans. It includes collecting personal and demographic information, determining plan eligibility, and issuing insurance cards. This ensures that members receive uninterrupted coverage and can

Benefits Record Management is a software feature that simplifies the process of managing benefits for employees in an organization. This feature streamlines the entire process, starting from enrollment to claiming benefits. With the increasing complexity of employee benefits offered by companies, it has become a tedious task to manage them effectively. Benefits Record Management solves this problem by automating the entire process, making it easier for HR personnel to handle. One of the key benefits of this feature is the secure storage of employee information. All important documents

Benefits Dashboard is a powerful feature of software applications that provide users with an overview of the various benefits they are entitled to. It is a comprehensive tool that displays all the benefits and perks associated with an individual's job or position, giving them a clear picture of their compensation package. This feature is designed to help employees understand the entire scope of their benefits and make informed decisions that will benefit them. The Benefits Dashboard is an easy-to-navigate interface that provides a visual representation of all the benefits an employee

ACA Reporting is a comprehensive software feature that helps organizations stay on top of their Affordable Care Act (ACA) compliance requirements. This feature is designed to simplify the complex process of reporting employee health coverage information to the IRS and to meet the ACA's Employer Shared Responsibility provisions. The ACA Reporting feature gathers all the necessary data and generates accurate ACA forms, such as 1095-C and 1094-C, which are required for filing to the IRS. It also aids in determining which employees are eligible for

HIPAA Compliant software is designed to meet the regulations set forth by the Health Insurance Portability and Accountability Act (HIPAA) in order to protect sensitive patient information. This type of software is essential for healthcare organizations, insurance companies, and anyone who handles electronic health records (EHRs). One of the key features of HIPAA Compliant software is data encryption. This means that all sensitive information stored within the software is protected by strong encryption algorithms, making it nearly impossible for unauthorized individuals

A self-service portal is a website or app that enables workers (or external clients for externally visible support providers) to help themselves when they require assistance, information, or a service. It's one of several ways to give folks who need help self-service, self-help, and, ideally, self-care skills, with that help often requiring no interaction from support professionals. A self-service portal is a wonderful way to save time and money by expediting frequent service requests. Self-service portals also allow up service employees to work on more complex issues or develop new products that will help the company expand.

Deductions management is a software feature that helps businesses manage and track various types of deductions, such as discounts, rebates, chargebacks, and promotional allowances. It allows businesses to monitor and analyze the deductions made by their customers, suppliers, or vendors, and ensures that they are accurately recorded and processed. One of the key capabilities of deduction management software is its ability to automate the process of deductions, which helps businesses save time and resources. It streamlines the entire process, from the initial

Benefits management includes defining, preparing, analyzing, and monitoring benefits from starting a program or project investment until the last predicted profit is realized. Its purpose is to ensure that the desired outcomes are exact, measurable, agreed upon, feasible, and on schedule. 'Benefits management and 'benefits realization' are frequently interchanged phrases.