| | November 2021MANAGEHRMAGAZINE.COM6Application Programming Interfaces (APIs) have aided consumers for nearly two decades. APIs offer two-way, real-time communication across systems, allowing for the ease of use that users expect from Amazon, Expedia, and Uber. Even banks saw the value of APIs and developed services like Zelle that enable near-instant money transactions. In recent months, insurance companies have begun to embrace APIs after years of reluctance. This will soon have a significant impact on the HR admin technology experience. Employees value benefits such as group life, insurance, and disability, especially because employer-provided plans have lower premiums and simplified underwriting. Employees who select sums greater than the Guaranteed Issue (GI) amount may still be required to complete Evidence of Insurability (EOI) documentation. HR personnel spend a lot of time managing the EOI process, which includes chasing down employees to complete paper forms that must be delivered to the carrier, waiting for underwriting decisions, manually updating the benefits admin and payroll systems, and more. Using an EOI API, the employee can submit their EOI in real-time during their online enrollment experience. The carrier's underwriting decisions and coverage modifications are electronically sent back into the benefits administration and payroll systems, effectively relieving HR from this process. The potential of APIs to enable segregated systems to communicate in real-time will enable HR professionals to connect their best-in-class HRIS, payroll, benefits administration, and insurance provider systems into a more efficient automated environment than ever before.This edition of Manage HR brings you the story of some of the most promising benefits administration solution providers that deliver the best outcomes for their clients. This edition also offers thought leadership articles from subject matter experts and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the proper assistance in choosing the best benefits administration solution providers according to your requirements.Let us know your thoughts! EditorialEmbracing Substantial Alterations in the WorkplaceManaging EditorAlex GonsalvesEditorial StaffAaron PierceAva Garcia Philo VazRussell ThomasVisualizersJaxon JaseCopyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@managehrmagazine.comeditor@managehrmagazine.commarketing@managehrmagazine.com MANAGE HR MAGAZINENOVEMBER - 15 - 2021, Volume 03, Issue 07 Published by ValleyMedia, Inc. To subscribe to Manage HR MagazineVisit www.managehrmagazine.com Alex GonsalvesManaging Editoreditor@managehrmagazine.comAlex Gonsalves
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