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Benefits Management is designed to support advanced Benefits Administration and allows the user to define unlimited types and numbers of Health and Welfare Benefits as well as Retirement Benefits. Benefit Plans can be administered by an internal company administrator or by a Third-Party Administrator. Employee eligibility for Benefit Plans will be determined based on Policy and Employees are able to enroll or exit from Benefit Plans through Self-Service during the Open Enrollment Period. Changes in coverage and Life Event changes can be sent directly to Benefit Carriers using the HR-XML Web Services. Benefits Management is tightly integrated with Compensation & Payroll Management and includes support for COBRA administration and FMLA. New compliance with the Affordable Care Act (ACA) is also included in Benefits Management.
"Benefits Management" is part of the Interact HRMS line of products, developed by 2Interact, Inc..
Interact HRMS is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.