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8.5. SR 09-04-2012 Elk REQUEST FOR ACTION River TO ITEM NUMBER Mayor and City Council 8.5 AGENDA SECTION MEETING DATE PREPARED BY General Business September 4, 2012 Lauren Wipper, Human Resource Representative ITEM DESCRIPTION REVIEWED By Online 2013 Flexible Benefits Plan Open Enrollment Cal Portner, City Administrator REVIEWED BY ACTION REQUESTED Authorize staff to contract with Financial Concepts,Inc. (FCI),to utilize Apprize Technology benefit management software for the city's 2013 Flexible Benefits Plan open enrollment. BACKGROUND/DISCUSSION Each year,the city's 115+ benefit-eligible employees have a scheduled two-week period for benefit open enrollment to update or change healthcare and life insurance benefits for the upcoming year. The preparation and distribution of benefit materials,including instructions,marketing information,and enrollment forms,takes considerable staff time. Confidentiality, accuracy, and security are major concerns when working with benefit enrollment documentation. After employees make their annual elections and complete enrollment documentation,the forms are returned to human resources where they are reviewed for calculation errors or inconsistencies from the previous enrollment year. Typically, further follow-up is required for 20-30% of employees each year. When all documentation is returned and complete,it is submitted by HR to the insurance carriers. Most, including health, dental, life, and additional life insurance, require online enrollment by HR. For short- term and long-term disability, forms are copied and sent to our brokers to maintain. Prior to the first payroll of the year, HR makes copies of all of the forms and securely sends them to employees. Electronic enrollment During our annual benefit review, Financial Concepts, Inc. (FCI) arranged for a demonstration of the electronic enrollment application they most frequently work with,Apprize Technology. Apprize provides a secure, easy-to-use and customizable software that manages election calculations, reduces redundancies, allows for individual employee access to their accounts, saves staff time, and reduces chances of errors. When open enrollment is closed, enrollment information is electronically sent to the insurance providers. The software also provides custom reports for payroll deductions. F 0 W I A E D a r N:\Public Bodies\City Council\Council RCA\Agenda Packet\09-042012\8.5on1ine enrollment.docx 4A f U R E FINANCIAL IMPACT The cost for 2013 Open Enrollment is $2,000,which is the minimum fee for employers with 200 or fewer employees. The city would recognize a cost savings for paper, copier use, as well as more efficient use of HR staff time and employee enrollment time. The current HR budget could accommodate the software services. The Professional Services line item has funds allocated for training. We have utilized some free training from Optum this year instead of contracting for service, as anticipated. ATTACHMENTS • Apprize Technology Fee Schedule • Apprize Technology Brochure Action Motion by Second by Vote Follow Up N:\Public Bodies\City Council\Council RCA\Agenda Packet\09-04-2012\8.5online enrollment.docx Fee Schedule Open Enrollment Qty Unit Cost Total Open Enrollment Only Fee Annual Enrollment Fee (per employee per enrollment) 120 Flat $2,000.00 Minimum fee of$2,000 Proposed fees are guaranteed for 60 days from issue of proposal. appr ze Ct- NOLOGY Q) WHYONLINE BENEFITS MANAGEMENT It's simple. Online benefits management is a better way. THE RESULT Dramatic cost savings due to significant increases in accuracy and dramatic reduction in time. THE BENEFITS •Save employees time and frustration with the intuitive, easy to use enrollment process. •Increase HR staff productivity by eliminating excess paperwork. •Boost profitability by cutting expenses. •Eliminate hassles and extra workload to HR staff. SECURE Our system utilizes strict security protocols to protect the privacy of your personal information. Our security features are the same features used in online banking and credit card systems. •Complex system of fully-redundant firewalls. •State of the art 128-bit encryption technology. •Physical level data protection. •Database software automatically records changes and user access. • Unique employee passwords. •Security hierarchy for managers and administrative users. SIMPLE We can work with you to transition easily to an online enrollment platform. •For data in a spreadsheet or database format, we offer easy uploads directly into system. "Companies that have •For data contained in paper files, we'll help you determine how to best handle electronically. implemented employee ADAPTABLE self-service and online Our flexible system can interface with any insurance carrier or client system. • Transmission with any carrier through a combination of EDI and enrollment service bureau. benefit administration are •Optional interfaces with your payroll or HRIS system. seeing an 80% •Ever growing vendor list for new interfaces. improvement in data IDEAL Compare us with other vendors. We offer the most competitive fees and comprehensive timeliness, 74% services. Our clients report dramatic cost savings by: improvement in data •Increasing employee productivity. •Reducing administrative time and costs. accuracy and a 60% •Reducing billing errors. reduction in HR •Eliminating the cost of printing paper enrollment materials. workload." -Towers Perrin How much could you be saving? Let's do a complete ROI �1 analysis and find out. ap p r L z e Quick and easy set up. You can be up and running in as little as 30 days. If you are ready to A BETTER WAY streamline your benefit enrollment process, contact us today. apprizetechnology.com 952-746-3725 appr ze A BETTER WAY A WHY ONLINE BENEFITS MANAGEMENT FIND OUT MORE 952-746-3725 952-746-3725 1660 South Highway 100 Suite 436 St.Louis Park,MN 55416 aBETTERway@apprizet--chnology.com