An attractive benefits program is vital for your recruiting and retention. We can provide you with quality benchmarking data that allows you to analyse how other companies are structuring their plans and strategies. Our quality data can provide you insights on how rising health care costs are affecting other employers. This gives the confidence to our clients that the benefits program they provide is competitive.
There are many complicated laws, rules, and regulations that govern employee benefit plans. Our resources will help keep you up to date on these laws, rules, and regulations from both State and Federal levels. As changes happen we can provide attorney-reviewed summaries showing how your employee benefits program is affected.
We perform studies on your unique employer situation and tailor a strategy to your specific environment. A successful strategy can only be made with the proper information in hand. We work with employers to gather employee feedback to make sure that benefit offerings are better suited to your workforce, in turn improving employee morale. Understanding your employee's perspective leads to easier benefit plan design decisions.
Employee communication is of utmost importance to ensure their needs and concerns are fully met. The stream of knowledge from human resources to employees can be difficult, costly, and time consuming. We can offer professional customized announcements, newsletters, and presentations so your employees can be educated before speaking with a human resources representatives. Knowledgeable employees help save time for the employer and the human resources department.
88% of employees view their employment benefits package as insufficient when there is a lack voluntary benefits provided.(Aflac, 2020) We can help you expand on existing benefits or implement new benefits in your voluntary offerings. Voluntary benefits, largely viewed as crucial in the eyes of employees, leads to an increased retention of workers and give a advantage when recruiting the most qualified employees.
Legal compliance is a top priority for our customers. The employee handbook is often overlooked and disregarded due to the excessive time it takes to develop and maintain. We have the capability to assist in creating a handbook that follows the legal requirements on both National and State levels. Our team has access to attorneys that will review and verify legal compliance of the handbook. Once having a valid handbook, it is important to maintain its accuracy by applying changes for future laws, rules, and regulations.
Prescription drugs only accounts for a fraction of all health care costs, a majority being hospital and physician services. But, prescription drug costs are growing extremely fast in recent years. Since 1990 to 2020 United States prescription drugs spending has increased by 12 times. In the passed five years United States prescription drug costs increased by 11% reaching $360 Billion in total. We educate employers to understand the moving metrics of prescription drug costs. This allows trends to be perceived prior to becoming a threat to your organization. We will assist in developing an appropriate strategy to resist the risk of rising prescription drug costs.
It is common knowledge in the industry that the price of health care has increased consistently over passed decades. This does not mean that strategies can not be made to manage the rising costs. Developing a containment strategy starts with developing an understanding of current positioning to benchmark progress in pursuit of objectives over each renewal year. We will help your organization explore opportunists then manage those options to properly manage the growing price of health care. Expensive health services are used more often by under informed individuals about their health coverage. Not just educating your employees about the plans but to empower them in consumerism of their plans saves money.
Low health care plan literacy leads to a higher use of expensive services like emergency care and inpatient services. This literacy problem costs the United States $238 billion yearly. The solution to this problem is education. We have the resources, tools, and capabilities to educate your employees on the use of their health care plans. We will provide advice from experts that help keep your employees stay healthy and productive.
Employees are more likely to appreciate their benefits packages if they understand them. We have the resources to educate your employees on their benefits packages through the use of visuals, benefit announcements, employee newsletters, and presentations.
Compliance becomes a difficult endeavor for employers in an environment that has a constantly changing health care law landscape. We can provide the proper materials to your human resources department that show the proper steps to be made to avoid penalties. The second point of assistance is providing materials for educating your employees about the changes to rules, laws, and regulations.
Don't worry! Our regular compliance support of newsletters, articles, action plans are to keep you updated and in the know.
We offer decision support tools that adjust to your specific industry, size and region.
Days of guessing is over! Have your plan selection simplified with our streamlined online enrollment on a customization intranet site.
In every relationship communication is of upmost importance. We can help you engage and educate your employees with benefit guides, safety tips, and awareness materials.
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