Products April 10, 2002

Tesseract Offers TPA Benefit Management Alternative

October 16, 2001(PLANSPONSOR.com) - Human resources solutions provider, Tesseract Corporation has introduced a total benefits management solution for Third Party Administrators (TPAs) with the aim of streamlining administration and cutting per employee costs.
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According to Tesseract, their program can save TPAs and their customers up to $150 per employee per year. Companies can estimate potential savings by visiting the group’s Web site and clicking on the savings calculator.

The program:

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  • automates each client’s benefits management procedures,
  • manages plan functions, such as open enrollment and eligibility, on a single system,
  • calculates employee contributions and employer premiums, including date-sensitive and retroactive information, and
  • streamlines administrative steps with manager and employee self-service features
        

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