First Online Enrollment Provider to Introduce an Innovative and Flexible Payment System
Lake Oswego, OR, June 04, 2014 --(PR.com
)-- With the rising costs and the increase of complexity and regulation requirements of insurance and benefit plans, many employers are faced with looking for creative solutions to providing employee benefits. A large majority of employers are cost shifting expenses by implementing cost sharing strategies. In addition, to minimize some of these impacts employers are adding individual voluntary insurance products options to their benefit menu. This expansion of benefit options is appreciated by the employees but introduces added administration complexities to the employers due to the nature of the plans. Group versus individual plan effective dates, portability features, and rates have varying structures requiring separate enrollment and management processes.
Tantum Business Solutions announces the release of an innovative and flexible benefit payment solution that is integrated within their single source online enrollment system. The online group and individual enrollment system caters to small and mid-size businesses, as well as, large enterprise companies.
Tantum’s online enrollment system allows employers the flexibility of doing the traditional payroll deduction for cost sharing, billing the employee directly, eliminating the collection and the reconciliation of premium, or a combination of both payroll deduction and credit card prepayments.
Headquartered in Lake Oswego, Oregon, Tantum Business Solutions provides consultancy and technology resources specializing in Online Benefit Enrollment, Single Point Billing, HRIS/Payroll Solutions, Technology Systems, and Admin Services through its National Producer Organization. www.tantum.biz