This system provides a single electronic
point of entry for all insurance products. Benefit elections,
which can be made 24/7 from your home or office, are
fed electronically to multiple insurance carriers'
eligibility data banks and to the employer's payroll
system. eElect ensures that the insurance
carrier invoices and your payroll deductions
will always match the actual lines of coverage elected
by the employee.
At the heart of making electronic
enrollments work is the blending of technology with
MSI's intimate knowledge of the insurance plans being
enrolled. The system can be programmed to adjust for
waiting periods, payroll cycles, late entrants, age
band changes on life insurance and a host of other
life events. All programming and data mapping is performed
by MSI EMPLOYEES who are trained in the insurance
products being enrolled. As is the case for all other
MSI services, the eElect
electronic enrollment platform is offered at NO COST
to our clients.
Features and capabilities of eElect:
"HIPAA 834" compliant which is
the federal government standard for electronic insurance
eligibility data formatting
True EDI (Electronic Data
Interface). Information is mapped directly
into the eligibility data base of the appropriate
insurance carrier. (Please note that this feature
in itself is a crucial distinction not to be confused
with so called "web-based enrollments" or "internet
eligibility" capabilities, both of which require subsequent
data entry or manipulation and thus vulnerable to
feeds the payroll deduction elections of the employee
directly into the employer payroll system.
MSI performs the extensive
"data mapping" needed to accomplish these
automatic data feeds / EDI.
The employee can view detailed
on-screen explanation of benefits and costs of each
line of coverage and is assisted throughout
by a MSI benefit counselor.
Employee Benefit Statements
are automatically generated at the conclusion of each
enrollment. The Employee Benefit Statement itemizes
the employee's benefit elections, the corresponding
employee cost per pay period and
per year and also itemizes the employer cost
for each benefit.