Group Life and Health Benefits Administration
Used on its own or in conjunction with the pension administration functionality of PX3000tm, the GLH module gives employers and third-party administrators the ability to set-up and manage group benefit plans for employees and related people. Administrators can create any number of group benefit plans with unlimited benefit types and then configure the software to the unique parameters of each plan.
In addition to tracking employers and locations/divisions, PX3000tm organizes classes (management, salaried, etc.), beneficiaries, insurance companies, and premiums with tables that are customizable along age groupings and categories such as smokers/non-smokers.
Once the parameters and participants are defined, the administrator can easily enter new members, assign them to an employer and class, and quickly set up each person’s individual choices such as additional voluntary life insurance and spousal insurance. PX3000tm then calculates benefit coverage and premiums for each member and related person as well as calculating the monthly employer premiums due to each insurance provider, including the handling of retroactive adjustments.
The system produces extensive statements and reports for monitoring and management and streamlines every aspect of group benefit administration, and of course the GLH module is fully web-enabled for both member and administrator access. Whether used in-house by a large employer or by a Third Party Administrator with a book of business, PX3000tm/GLH has the power to take care of your Group Benefit administration needs.