Employee Benefits
Your employees are your greatest investment.
We work with you to design the most effective employee benefit solution in terms of products, price and service - making sure your employees understand and value the benefits you offer.
What to Expect
Strategic Planning
- Connect strategic business goals to employee benefit plans
- Conduct senior management interviews to identify objectives
- Develop annual service plans and manage timeline of events
- Report to senior management on employee benefit trends
- Identify appropriate carriers/vendors to provide services
- Private Equity Practice
Financial Management and Renewal Analysis
- Analyze claims adminstrator's financial and claim reports
- Negotiate favorable renewals from carriers and other vendors
- Develop rates, reserves, and cost projections for self-funded programs
- Identify trends in cost and funding and make corresponding recommendations
- Evaluate and benchmark benefits, employee and employer contribution strategies
Plan Design Analysis
- Review benefit program to determine cost effectiveness
- Evaluate plan limitations to reduce client's financial and legal exposure
- Customize plan provisions to reflect the client's individual goals and philosophy
- Evaluate plan provisions to ensure ease of communication and administration
- Self-Insured Readiness Review (typically groups with 150+ employees)
- Pharmacy Services and PBM Evaluation
Vendor Management
- Ensure appropriate and financially stable carriers
- Monitor carrier service and establish performance guarantees with vendors
- Assess network utilization to optimize access and cost savings
- Provide resolution support for individual claim problems
- Provide eligibilty maintenance, billing, and administrative assistance
Employee Communications Services
- Open Enrollment Support and Ongoing Communication Services
- Ongoing Communication Services
- Custom Video Benefits Review
- Online Employee Benefits Portal
- Custom Benefit Booklets
- Total Compensation Statements
- Employee Surveys
- Interactive Heathcare Proposal and Comparison Tools (http://hauser1.vtoolkit.com)
- Review all employee communications
- Edit and revise, as necessary, carrier summary plan descriptions
Compliance & Administrative Support
- Review administrative procedures for COBRA and Medicare D
- Review and draft benefit plan documents
- Facilitate ERISA Form 5500 filing
- Seciton 125 Administration (Flexible Spending Account, Dependant Care Accounts, etc.)
- COBRA Administration, Hauser Corporate Solutions
- Client Community, Human Resource Portal
- Self-Funded Wellness Program Administration
- Dependant Care Audits
- Individual Medical Coverage
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