Companies are under tremendous pressure to control health care cost,communicate plan features and ensure compliance while offering a competitive plan. Often, the staff already overburdened with administrative activities cannot focus on strategic planning.
Premier’s benefit consulting practice is uniquely positioned to provide your company with innovative & cost-efficient solutions.
Employee Benefits Assessment
- with a thorough analysis of your current benefits program and recommendations on a multi-year strategy yielding
both operational and financial improvements.
- Analyze current plan design and employee plan elections to determine their impact on employer cost.
- Review plan documents for compliance with state and federal guidelines including HIPAA, FMLA, COBRA and PPACA
- Conduct specific industry and geographic competitive analysis.
- Review and advise with reference to third party administrator agreements and assist in selection of third party administrators.
- Review scope of claims utilization to develop a cost containment program.
- Evaluate the effect of incentive programs in conjunction with Wellness Programs in order to further reduce claims costs.
- Assist in purchasing specific and aggregate stop loss insurance.
- Evaluate the current contribution schedule to determine it‘s impact on employee participation.
- Determine viability of offering voluntary benefits to supplement or replace employer paid benefits.