Question

1. Who maintains the important employee records in a group insurance plan billed system?

Answer 1

*employer keeps all EPIC " Employees application for group insurance coverage " And eligibility documentation to include a beneficiary designation form for life coverage on file for their eligible employees and eligible dependents (when applicable) providing the employee a copy

*employers submit paper "employees application for group insurance coverage " To epic only when enrollees are required to satisfy evidence of insurability providing a copy to their employee and a copy for their records

*employer does not have to submit termination notices for employees or dependents who are no longer employed or eligible for coverage

* employer uses their own current human resource and /or payroll system to calculate premium payment

* eliminate the reconciliation between EPICs billing statements and the employers payroll records