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“Technology should make life simpler, more rewarding, and more enjoyable.”
While I don’t always view technology as simple — or even on my side — I find EverythingBenefits’ philosophy refreshing. In a world where everything is becoming increasingly more technological, the need to deliver on the promise of making our lives more enjoyable has never been more important.
This is especially true for companies still managing their employee benefits manually, due to a fear of complicated systems because other ways are too complex or simply do not exist.
“Too many businesses and individuals still manage their benefits manually, which can be time-consuming, costly, and error-prone,” said Rachel Lyubovitzky, CEO of EverythingBenefits
And so a team of passionate benefits connoisseurs founded EverythingBenefits.
It’s about your employees — period.
Whether it’s a game room, unlimited paid time off, or quality health insurance, you’re offering employee benefits for the sake of your team. In order to keep them happy, productive, and motivated to continue working long-term for the organization, you work hard to provide for them.
But just how important are your benefits to employees?
According to a recent LinkedIn report, 1 in 5 LinkedIn members in the U.S. said health insurance was the primary reason for taking, leaving, or keeping a job.
Unfortunately, keeping up with the hurdles of administration, enrollment, compliance, and increasing benefits costs, isn’t for the faint of heart. To further these challenges, every company faces their own set of difficulties.
Having spent years operating in the context of, learning about, and experiencing these challenges first-hand, the EverythingBenefits team took on the challenge of giving leaders a tool that helps make employee benefits simple, while remaining attractive. This gives HR pros and company leaders more time to connect with employees and build lasting relationships.
Taking feedback and making moves
The EverythingBenefits team doesn’t claim to solve every benefits issue. That’s why they’re not just growing, they’re evolving based on the needs of customers.
After all, as people go through different stages of life, their employee benefits need change too.
“Early on, we realized that each member of our growing partner and end-user network brings with them their own unique perspectives that inspire us to drive innovation,” Lyubovitzky said.
From this feedback, their main goals have become: to make choosing benefits as easy as purchasing office supplies and reviewing your benefits plan as simple as reviewing your pay stub.
Lyubovitzky explained, “Benefits management has the potential to be an effortless experience rather than a pain-inducing headache, and we’re making that possible.”
To do this, EverythingBenefits has made their employee benefits management solutions integratable with existing providers or as a full-benefits suite. With the suite, employers can process benefits enrollment and administration without the hassle of paper during open enrollment, life-change events, or new enrollments.
This new way of enrollment isn’t just giving employers insight into their team’s benefits, but also takes the frustration out of a once tedious task for employees. For them, this translates into a happier workplace and an even higher quality of life.
In order to further ease enrollment and benefits, this benefits tech platform has what is called “Carrier Connection.” This establishes a direct connection to insurance carriers in as little as two weeks, allowing your data to be delivered quickly and securely.
Also, with automation processes for COBRA and 401(k), employers can help avoid the lingering challenges of avoiding noncompliance.
Making an impact on the future
“Above all else, what excites us here at EverythingBenefits is the potential for us to make a real
and lasting impact, not just on the industry that we operate in, but also in the lives of individuals
who benefit from our products,”Lyubovitzky shared.
With a deep passion that goes beyond HR tech and connects with employees as individuals, EverythingBenefits is looking to make big moves in the near future.
“The industry continues to change, and this will bring new challenges to solve and opportunities for us to make an impact,” said Lyubovitzky.
These plans rely on getting even more involved with insurance carriers, brokers, employers, employees, and service providers. By bringing all of these experts under their unique benefit roof, EverythingBenefits hopes to become the go-to experts for organizations’ entire benefits needs.
- Integratable with existing insurance providers
- Carrier connectivity
- Automatic delivery to carriers
- Automated COBRA administration
- Easy online enrollment process for both employees and employers
- 401(k) integration
- New hire reporting
- Premium management
- Billing reconciliation
- Benefits enrollment
Improvements we’d like to see:
- Compatibility with existing HR systems
- Direct communication option for employees to connect with HR
- Add a benefits reward program
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