Fast & Focused Webinar_ Qualifying Life event

1. PROVEN SOFTWARE, DEPENDABLE PEOPLE, MEASURABLE RESULTS

2. QUALIFYING LIFE EVENTS
PRESENTED BY:
MIKE ALBRIZZI
DIRECTOR OF ERP
CHANNEL
InfinityHR Lunch & Learn

3. Private & Confidential 3
QUALIYFIYING LIFE EVENTS
What are some events?
Marriage
Having or adopting a baby
Getting divorced or legally separated or losing
health insurance
Death of someone on your individual health
insurance policy
Change in residence

4. Private & Confidential 4
HOW DO YOU CURRENTLY MANAGE LIFE
EVENT CHANGES?
Paper?
Spreadsheets?
Manage partial data in a system?
Update changes manually?
Send reports to individual carriers and wait for
updates?

5. Private & Confidential 5
Only accurate until
there is a change
Difficult to keep track of
changes
Who changed what
and when, no date &
time stamp
Semi effective for
smaller employee size
company with minimal
changes
PAPER

6. Private & Confidential 6
All Changes are made
manually
No date & time stamp of
changes
No work flow processes
No integration with carriers
Introduces the opportunity
for errors and omissions
when updating
SPREADSHEETS

7. Private & Confidential 7
MANAGING PARTIAL DATA IN A SYSTEM
Difficult to provide you the entire picture
Not able get all of the data from one system
Forced to move data into a spreadsheet and
rekey any missing data to get the overall view

8. Private & Confidential 8
MANUALLY UPDATING CHANGES
Increases the chance for errors and omissions
Manage data through multiple carrier/vendor
portals
Changes can be tedious and very time
consuming during certain times of year

9. Private & Confidential 9
SENDING REPORTS TO CARRIERS
Work to their deadlines submitting reports
Some carriers rekey information, increases the
chances for errors
Lag time in updating information, not always
the most current data
Some reports are loaded in carriers systems in
bulk, multiple company records combined and
dispersed into carriers system

10. Private & Confidential 10
Enable employees to initiate
life event change requests
Manage and track all
changes within one system
Create workflows
Automated data flow to
carriers and other systems
MANAGING LIFE EVENTS IN A DIFFERENT WAY

11. Private & Confidential 11
Can manage entire
process within InfinityHR
Selects event, system
will provide the option or
options
Employee can view the
changes, pre & post
EMPLOYEE MANAGED LIFE EVENT CHANGES

12. Private & Confidential 12
MANAGING CHANGES WITHIN ONE SYSTEM
Changes will update multiple areas of the system
Minimal or no rekeying of data required
All changes are date and time stamped
Complete audit trail
Can produce reports on all activity

13. Private & Confidential 13
WORKFLOWS
Life event change can trigger workflow
Workflow will hold change in suspension until it is
approved
Can create as many levels as necessary
All approvals are date and time stamped

14. Private & Confidential 14
AUTOMATING DATA TO CARRIERS AND
OTHER SYSTEMS
EDI: Electronic Data Integration’s are created for
each carrier
Designed to collect changes in data and push to
carriers portal on your schedule
Ensures accuracy, zero rekeying of data required,
no reports to create or front end work required
Currently manage over 300 active carrier
integrations

15. Private & Confidential 15
THANK YOU!
For more information about InfinityHR and Life Events
please contact your Net@work representative.