If you’re like most employers we work with, you make decisions about your employee benefits each year based on your medical renewal. Instead of having a proactive strategy, you feel like you only have time to be reactive. You may think that’s the only way to manage a benefits program because it’s difficult finding time and resources to plan and strategize for the future.
Our employee benefit strategists can help you predict your healthcare costs by looking at past trends and projecting future expenses.
Benefits Strategy Beyond Medical
Enrollment and Admin
Choose the right enrollment
method for you and your employees.
Tax Savings
Maximize your Section 125 Plan and reimbursement accounts savings.
Supplemental Benefits
Provide additional coverage to complete your benefits package.
Communication
and Education
Provide employees with information about their benefits using a variety of methods.
Transitioning to a High Deductible Health Plan and Health Savings Account
The transition to a qualified High Deductible Heath Plan (HDHP) with a Health Savings Account (HSA) may be intimidating. Not only do you have to tell your employees that their deductible is going up, but using an HDHP can be a confusing transition for employees.
Our education strategy and insurance products can help make this transition easy for both you and your employees.
Learn How We Can Help with This Transition
Implementing Effective Communication
You spend a lot of effort communicating your benefits package. However, it may feel like your employees don’t understand. Consider these methods that may help:
- Educational videos
- Email campaigns
- Custom benefits sites
- Group meetings
- Calculators
Conducting a Dependent Verification Review
With medical costs continuing to rise, it’s important to ensure dependents covered on your company’s medical, dental, or vision plans are eligible to participate according to your plan design. A tool we use to help decrease your costs and risk is a Dependent Verification Review (DVR).
Moving to an Online Enrollment
Online enrollments are growing in popularity, but your employees can miss out on benefits education. Consider creating a strategy that doesn't leave your employees in the dark, while also providing the convenience of an online experience.
Health Plan Consulting
The benefits world usually revolves around medical insurance. Between determining plan designs, learning compliance requirements, and receiving rates, it’s hard developing a comprehensive benefits strategy. This vicious cycle drives your employees' benefit satisfaction down and may cause increased turnover.
As your strategic partner, we can provide tools to help you create a long-term plan.
Recent Benefits Strategy Articles
Retirement Savings Withdrawals vs Loans
Strategy
6 minute read
There are key differences between retirement savings withdrawals and loans, some of which could have major financial consequences or penalties.
- Tags:
- Retirement
How Employee Benefits May Help Retain Teachers
Strategy
2 minute read
Attracting and retaining new talent can be a challenge for any employer, but it can be exceptionally hard for the education sector.
- Tags:
- Education
The Cost of Not Educating Employees About Benefits
Strategy
3 minute read
Employee benefits typically take up a large portion of company budgets, so you want your employees to use the valuable benefits you have provided.
- Tags:
- Education