Mybenefits








CoAdvantage’s MyBenefits Department allows you to choose to offer insurance plans brokered by CoAdvantage or by your Insurance Agency. 

 

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Learn more
about these two options and the benefits of each.

 

 

BENEFITS ADMINISTRATION

Regardless of who the broker is, clients of PEO Advantage receive value-added Benefits Administration services.  These services include:  

  • New Plan Enrollment ' CoAdvantage will provide employee communication during open enrollment, onboard all enrollees with the carrier, and set up and manage deductions in the provided Payroll/HRMS.

  • Online Enrollment ' Allow your employees to make benefit elections during annual enrollment or when new employees are hired and become eligible for benefits. The entire onboarding experience can be managed online without the hassle of paper forms and faxes (Online Enrollment for CoAdvantage Master Plans available in 2010)

  • Eligibility Tracking ' CoAdvantage will manage and communicate plan enrollment with newly eligible employees and maintain plan documents. 

  • COBRA Administration ' CoAdvantage will distribute COBRA notifications to all employees who elect benefits and communicate with employees eligible for COBRA participation. CoAdvantage will track COBRA payments.

  • Liaison with the Carrier ' CoAdvantage is a platinum provider of insurance with all large carriers. We will enroll all new participants with our carrier, terminate participants at separation from employment, request bill adjustments from carrier, and assist with escalation of employee issues to the carrier.

  • Bill Reconciliation* ' CoAdvantage will reconcile each insurance related bill with our provided payroll HRMS system and communicate and track adjustments with the carriers.

  • Plan Set up and Maintenance ' CoAdvantage will set up and manage deductions from payroll, calculate 401(k) matches, handle the electronic transfer of contributions to money, handle quarterly and annual filing of relevant benefit forms and provide discrimination testing.

  • Web Access to Benefits ' CoAdvantage offers an employee portal where participants may log in and view current enrollments, employer contributions, employee deductions and covered dependents. The system will be populated with links to applicable carrier websites and additional plan documentation.

 *Available on CoAdvantage ‘Master’ Benefit Plans only