Benefit Management

Benefits

Employee benefits, also known as perks or fringe benefits, are provided to employees over and above salaries and wages. Foundry Bean Cloud Benefit Management helps tracking employee enrollment into those benefits and the cost shared by employees and employer.

Benefit Plans

Foundry Bean Cloud Benefit Management allow to define as many benefits as you want and track year over year information. Benefit plans contain medical, dental, vision, long term coverage plans and other benefit plans.

Benefit Carriers

Foundry Bean Cloud Benefit Management tracks and records benefit carriers selected by the employees for the benefit plans. Generally, carriers give multiple options to choose based on employee's requirement. Since cost varies from option to option, it is necessary to keep track of cost shared by employees and the employer.

Benefits enrollment

Benefits enrollment usually occurs when an employee starts with a new company or has a qualifying life change. Employee insurance can also be accessed and changed or renewed each year during open enrollment. Foundry Bean Cloud Benefit Management records Benefit Enrollment information and tracks employer and employee cost for each employee.

Dependents

Foundry Bean help you enter dependents as part of the benefit enrollment .