Our latest Benefits + Compensation alert dives into the opportunities and risks of using generative AI technology for employee benefit plan administrators and the employers that utilize them. Alan Hahn, Gary Kibel, Samantha Rothaus and William Szanzer dive into everything that employers and third-party administrators (TPAs) need to consider.
Generative AI technology can provide significant opportunities to employee benefit plan administrators and the employers that utilize them. From automating enrollment processes to providing personalized employee support, AI technology promises to improve efficiency, accuracy, and tailor benefits options to users. However, there are significant risks that come with the use of the technology ranging from privacy concerns, bias, and compliance. Employers and TPAs should look at these risks closely. Alan Hahn, Gary Kibel, Samantha Rothaus and William Szanzer outline key considerations for employers working with third-party administrators benefiting from the use of generative AI. https://lnkd.in/e2te86Vf #EmployeeBenefits #AITechnology #BenefitsPlan #ERISA #DGPERKS