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FOR IMMEDIATE RELEASE
GLEN ROCK, NJ: Balance Point is excited to announce Connect, a unique and efficient product to assist companies with the struggle of getting benefit enrollment data and forms completed and to the appropriate carriers.
Traditionally, Benefit Administrators, often with the assistance of Insurance Brokers and / or General Agents, will manually complete and then fax a complicated paper application to their carrier to either enroll a new employee or alter existing benefits. Most carriers will not accept this data electronically unless the employer has more than 100 insured employees in the plan.
Now, regardless of the size of the employer or number of plans they offer, Balance Point can remove the burden of completing these forms and getting them to the carrier. Connect, in tandem with Balance Point’s web based Benefit Open Enrollment Portal makes the entire process more efficient, more accurate and paperless, reducing wasted time along each step of the process.
“Technology continues to push down to smaller companies, but the carriers simply are not keeping up with the technology. Balance Point can now provide this technology to any size company and still provide the carriers exactly what they require.” says Jess Cary, Partner at Balance Point.
Today, Benefit Administrators, Human Resource Directors and Health Insurance Brokers are more overwhelmed than ever before with benefit administration and ACA compliance and Balance Point is well positioned to assist them.
“One key differentiator in comparison to many payroll providers and PEO’s is that Balance Point is ‘broker – friendly’. Connect is a perfect example of how we continue to invest in our infrastructure and technology. Ultimately this assists Insurance Brokers to perform their job more efficiently, have better visibility into their clients’ enrollment process and improve client persistence.” says Dave Magen, Partner at Balance Point.
Dave Magen, Partner
(201) 712-1157 x5903