Smartchoice Admin Inc. Information

Benefit Management System (BMS) As a Third party Administrator(TPA) of group benefits, we use a sophisticated web-based Benefit Management System(BMS) that brings simplicity, affordability and flexibility to benefits administration (via SmartChoice Admin Inc.), while opening new opportunities to choose/combine the best carriers and benefit options. What sets us apart from a Benefit Management System (BMS)/TPA perspective: Multiple Carriers / Best of Class Benefits – Multiple carriers can be chosen to provide unique plan designs, lowest cost and best of class for each benefit Freedom to Change Carriers – No need to re-enrol employees/plan members; Seamless electronic data transfer; Bypass carrier service issues/constraints Reduced Costs of Benefits and Overhead – Can pair multiple carriers; Regular member audits; Simplified web-based processes; One set of forms for all insurers; Less vulnerable to staff turnover/training costs Control of Data – Online access to employee data and history; Different authorization levels (i.e. company-wide, by division, by subdivision, employee); Billings can be set up by division, class, cost centre (all accessible online) Online Access to Wide Selection of Reports - Standard, statistical, demographic; Customized reports (PDF and Excel/Downloadable formats) One Easy-to-Use System–One set of administration forms; One simple (online) admin system; One admin contact; Consolidated billings; Regardless of the number of carriers Reduced Liability/Error Risk–Accurate transfer of employee benefit coverage information with change of insurers; Client updates online; Verification checks of client updates; Streamlined disability claims process information transfer; Correct information for waiver of premium claims SmartChoice Staff - Accessible service; Rapid turnaround; Experienced staff Broker Systems Access – Secure password systems access; View, download and print premium/block statements, as well as up-to-date commission statements