The Contractors Plan, a part of Austin, Texas based Fringe Benefits Group, has opened an online benefits platform for contractors working on prevailing wage jobs. MyContractorsPlan.com aims to improve benefits enrollment and administration by providing employers and employees with 24/7 online access to their health, ancillary and retirement accounts via a customized online benefits enrollment and management platform.
The carrier opened the site because the logistics of enrolling employees in benefits plans and communicating with them about their options and responsibilities can be challenging, especially when employees are spread across several job sites or working different shifts, it says in a statement.
“Contractors frequently have employees spread across several job sites and/or working different shifts, so the logistics involved in enrolling employees in a benefits program and communicating with them about their benefits can be a real headache,” Adam Bonsky, EVP of government markets for Fringe Benefits Group, says in a statement. “MyContractorsPlan.com is easy to use and available all the time. It enables employees to enroll in and review their benefits plans at their convenience, while also making it easier for business owners to communicate with them, which is a win-win for everyone.”
After securely logging into MyContractorsPlan.com, contractors and their employees can see all contributions in a simple view. The interface allows business owners and/or HR managers to view, update, and upload plan information in real-time on the same website, eliminating the need to access separate websites to view health and retirement plan information, the company adds. Companies can add or terminate employees, upload census and payment files, track enrollment statistics and simultaneously distribute information to all employees.
The reporting capabilities of the site also allow employers to create and download customizable reports capturing employee enrollment, termination and plan details.
For employees, the Dynamic Plan Cart tool gives them the ability to create different "what-if" scenarios to allocate their benefit dollars according to their individual needs. As the participant makes selections, the Plan Cart automatically adjusts, estimating monthly contributions toward health, ancillary and retirement options. Once the participant has enrolled, they can access coverage information and view contributions by pulling up the "Billing History" page, which supports complete transparency around monthly allocations of benefit dollars. The portal also enables employees to pay missed premiums online.
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio