Health & Welfare Solution
Lifeworks’ Health & Welfare solution manages a full suite of before- and after-tax health and group benefits. Benefits may include: health care (medical, dental and vision plans); flexible spending accounts and health savings accounts; life and disability insurance; and vacation and holiday buy and sell.
Enroll online
Lifeworks offers full open enrollment functionality as well as mid-year life event processing. The process is intuitive for employees (but also packed with help screens). It’s a breeze for you because it’s paperless. And carriers prefer online enrollment data because it’s more timely and more accurate.
Create the reports you need
You can generate carrier premium reports, eligibility listings, cost center and department billings or reports. Track employee and dependent data and create any ad-hoc reports as you need them.
Interface with carriers automatically
The system interfaces with insurance carriers, third-party administrators and your payroll and HRIS systems. Lifeworks automatically informs carriers of each employee’s eligibility status as a new hire, during annual enrollment or in the case of a life event. No more creating custom reports for every election or change; Lifeworks does it for you, without even being told to.
Manage concurrent events
Lifeworks can handle multiple events occurring at the same time. For instance, what if an employee has a life event after enrollment but before the new plan year begins? Our system gracefully manages prospective and retroactive events concurrently. It ensures your payroll department and carriers are notified accordingly. We take care of it so you don’t have to.