TRUEbenefits provides a broad range of employee benefit consulting services. Remember that the plans we design don't cover us - they cover your employees. That means that your plans should be reflective of your organization’s values and should be consistent with your mission statement.
Your consulting experience will include:
Plan Design & Documentation
- Review plan design and prepare reports analyzing your current programs.
- Counsel, advise and recommend specific benefit plans which will accomplish company objectives and obligations.
- Benchmark plan design and costs with national survey data.
- Review industry and benefit trends.
- Make recommendations on options for all components of the benefit program.
- Ensure documents, contracts, agreements and summary plan descriptions are accurate.
Benefit Plan Marketing
- Periodically market each benefit plan to ensure service levels meet your expectations and costs are competitive.
- Determine appropriate funding mechanisms congruent with budgetary constraints.
- Analyze proposals, make recommendations and assist in their implementation.
Financial Monitoring
- Provide a meaningful analysis of monthly claims experience with graphic illustrations.
- Prepare periodic reports detailing plan utilization.
- Project expected costs to assist in setting employer and employee contributions.
- Evaluate the performance of cost containment programs and make recommendations regarding such programs.
- Assist in establishing appropriate claim reserves.
- Prepare an annual report analyzing experience, expenses and plan modifications.
- Evaluate insured and self-funded options.
- Challenge all renewal offers after analyzing rate and contract provisions.
- Audit and verify claim and utilization figures presented in renewal calculations.
Government & Legislative Compliance
- Provide continuous updates on pending legislative issues.
- Assist in compliance with federal and state regulations, including HIPAA, COBRA, etc.
- Prepare signature-ready Form 5500's
- Assist in preparing summary plan descriptions (SPD), summary annual reports (SAR) and summary of material modifications (SMM).
Employee Communications & Plan Administration
- Prepare announcement letters and memos, benefit summaries and employee booklets.
- Develop enrollment materials, including customized enrollment forms and identification cards.
- Conduct open enrollment and educational meetings.
- Prepare, tally and analyze employee surveys to gauge perceptions, enrollment behavior and plan selection motivators.
- Develop customized, Employee Benefit Statements.
- As appropriate, obtain foreign language translations of plan materials.
TRUEservice
- Provide employee access to our Client Service Center.
- Document calls from client's employees pursuant to HIPAA.
- Serve as employer and employee advocate in mediating benefit issues.
- Provide for a review of marginal or questionable claims and participate in the claims appeal process.
Call us at 800.440.4664 to learn more! |
