eBASS Benefit Administration
POTENTIAL RETURN ON INVESTMENT
Typical 400 Employee Group |
||
# |
Current
|
With eBASS
|
HR Costs/Time and Material
|
$200,000 |
$100,000 |
eBASS Cost |
$0 |
$25,000 |
Savings |
# |
$75,000 |
Typical 5,000 Employee Group |
||
# |
Current
|
With eBASS
|
HR Costs/Time, Material, Carrier Admin Cost
|
$675,000 |
$375,000 |
eBASS Cost |
$0 |
$180,000 |
Savings |
# |
$120,000 |
Savings with eBASS
- Direct cost savings within HR/Benefits department
- Replace printed material/communications with electronic format
- Streamlined open enrollment process
- Real time accuracy and timeliness of new enrollments and terminations
- Potential for lower carrier administrative costs for paperless electronic enrollment
- Monthly verification reports eliminates retro terminations
- Employee benefit summaries show all benefits enrolled and waived
