The implementation is expected to reduce operating costs for participating public school entities and ultimately save tax dollars. Financial terms of the contract were not disclosed.
Chosen from a field of eight software companies, Benelogic will offer automated benefits enrollment services for employees of the PSBAIT, its subsidiaries and members of the association. Additionally, school districts using Benelogic may receive discounted insurance rates. Benelogic clients typically recognize savings in excess of over $70 per employee per year.
Ronald Gates, PSBAIT marketing director commented, "Benelogic is helping us serve the needs of Pennsylvania public schools by reducing operating costs and saving tax dollars. The software's robust reporting capabilities, existing carrier relationships and ease of use played heavily into our decision to select Benelogic as the solution of choice for our members employee benefits administration needs."
"Benelogic applauds the PSBAITs decision to help school boards find better ways to manage their benefit programs," commented S. Stuart Spector, chief operating officer of Benelogic. "We look forward to working with the PSBAIT to reduce operating costs and improve the efficiency of employee benefits administration. Our work with the Pennsylvania School Boards Association Insurance Trust exemplifies how school systems can save tax dollars by working with Benelogic."
Benelogic provides intuitive software applications and services designed to simplify employee benefits administration and increase profitability. By enabling the logical use of data to streamline and enhance the benefits administration process, Benelogic offers end-to-end products and services including: Human Resources Portal, Employee Portal, Carrier Data Exchange, Payroll/HRIS Integration, Enrollment and Eligibility Warehousing. Benelogic?s clients represent the nation?s leading companies in the transportation, health insurance, banking, information technology and retail industries. Its proprietary software system supports a range of businesses from the 100-employee company to Fortune 500 corporations. Benelogic is the largest online benefits administration firm in the mid-Atlantic region, serving employees in all 50 states, Puerto Rico and Canada.
Benelogic, LLC, 2118 Greenspring Drive, Timonium, MD 21093. Tel: 877-716-8778; Fax: 443-322-2496.