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Consider benefit funding methods when choosing software

Rather than selecting one that can only handle one or two funding strategies and hoping for further development, look for a platform with a wide range of funding functionality.

By Alex Tolbert | Updated on May 03, 2017

When evaluating a benefits administration platform for your agency, there are seven criteria to consider. We’ve covered the first two in previous columns — the company’s background, and whether it offers a benefits-centric or employee-centric approach. The third criteria that brokers should use to compare software vendors is how many ways the platform can manage funding benefits.

How an employer funds benefits is a question that unleashes a large degree of creativity from brokers and their employer clients.

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