The modeling feature in Benefits Connect can help employers predict and compare benefits costs before making final benefits selections for 2020.
It’s time for employers to select benefits for 2020 and submit their Employer Agreements on Benefits Connect.
If you’re considering a new benefit like dental or vision eyewear coverage, or want to add a new benefit group to those eligible for coverage, the modeling feature in Benefits Connect can help predict costs and cost-sharing with employees. This is a great way to compare costs and budget for 2020 before making your final benefits selections.
As you move through the Employer Agreement process on Benefits Connect, the benefit group step lets you model how adding new employees or updating salaries affects costs. You may create multiple models to determine the benefits selections that best meet your and your employees’ needs. Here are some modeling tips:
Keep in mind that any updates made while modeling will be carried through the rest of that model for selecting benefits and estimating costs. However, to make actual salary changes or add employees to the Benefits Plan, you must choose Manage Employees in Benefits Connect.
If you have questions about using Benefits Connect or your Employer Agreement, call the Board at 800-773-7752 (800-PRESPLAN).