Benefits

Simplify benefits for you and your employees.

Benefits packages can be complex and confusing, and employee enrollment can be equally daunting. Making sure that eligible employees are provided and enrolled in correct plans is critical. Workday Benefits allows you to define, manage, and adjust benefits plans to meet your unique requirements—all from a single, unified system.

Effectively organize, staff & pay your global workforce hero

Gain visibility into coverage options from employee enrollment counts to impact on cost for the organization.

Monitor enrollment for various benefit plan types.

Quickly understand your plan providers, employee counts, and costs to your organization.

Administer comprehensive benefits offerings without complications.

Easily design and implement any number of benefits plans including health, retirement, insurance, wellness, and flex options that meet your unique requirements.

  • Define, manage, and analyze benefits plans, costs, eligibility rules, and elections all in one place both inside and outside of open enrollment periods.

  • Trigger benefits events whenever employee data changes anywhere in Workday, including payroll and absence.

  • Deliver advanced insights to benefits administrators about plan providers, employee counts, costs to the organization, and more.

  • Manage cross-plan dependencies, eliminating manual auditing and ensuring that employees are enrolled in the correct corresponding plans.

  • Manage Medicare information for employees and/or dependents and automatically add participants to the Medicare plan once they become eligible.

  • Eliminate manual reconciliation with payroll.

Embrace new regulations with certainty.

Confidently embrace new regulations, such as the Affordable Care Act (ACA), and ensure that your eligible employees are properly covered.

  • Easily configure measurement periods according to your benefits strategy.

  • Monitor time and payroll data either from Workday or an external source.

  • Review the ACA dashboard to discover which employees are currently eligible or approaching eligibility.

  • Automatically generate benefit enrollment events triggered by employee eligibility.

  • Generate, update, and transmit 1094-C and 1095-C data to the IRS.

Access benefits plan information on the go.

  • Check benefits plan elections, costs, and credits on your favorite mobile device.

  • Get instant access to information about the benefits plans you have enrolled in.

  • See who is covered, when coverage began, and the total monthly cost for each benefits plan.

Eliminate integration hassles.

Workday Cloud Connect for Benefits offers prebuilt, packaged integrations to hundreds of popular benefits providers, making benefits simpler for everyone.

  • Get automatic updates to your benefits provider integrations.

  • Refocus IT resources on strategic activities instead of building and maintaining complex integrations.

  • Support all applicable standards and protocols, including the HIPAA 834 standard and all its variations to proprietary formats.

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