BeneTrac vs InfinityHR- Which HRIS reduces enrollment errors

 Email Article  

Tweet  

  

Aflac recently released a study that shows 76 percent of employees make some type of mistake on their benefit elections with 42 percent of workers having wasted money as a result of these elections.

An HRIS system, including BeneTrac and InfinityHR, can help to more effectively communicate enrollment options.

 “Far too many American workers are making avoidable mistakes in benefits coverage decisions—from not meeting deductible amounts to contributing too little to flexible spending accounts—and, as a result of their lack of understanding or confusion, they often pay a price in multiple ways,” says Audrey Tillman, executive vice president of corporate services at Aflac.

The most common mistakes include not electing available coverage, choosing the wrong level of coverage, and not utilizing Flexible Spending Accounts (FSAs) fully.

While all Human Resource Information Systems (HRIS) attempt to communicate benefit program options, InfinityHR does this more effectively than BeneTrac. The reasons for this include:

* InfinityHR's employee portal is more flexible than BeneTrac,

* online videos are available on InfinityHR, but not on BeneTrac,

* InfinityHR offers a benefit comparison tool that is more robust than BeneTrac, and

* InfinityHR can handle complex benefit structures more elegantly than BeneTrac.