Group Benefits

Group BenefitsMany businesses today face challenges in attracting and retaining top employees. As a business owner, you know the importance of employee benefits and their contribution to your business success. Our licensed consultants will work with companies of all sizes to develop a program tailored to your specific circumstances. These products and services are designed to provide solutions to your personal and business financial needs, including:

Benefit Evaluation and Strategic Planning

  • Review of existing plans, needs and trends
  • Evaluate various plan options and obtain insurance quotes
  • Develop plan designs and financial solutions
  • Create long term strategic plan and timeline
  • Engage employer in strategic discussions
  • Establish employee cost-sharing policy

Budget Cost Control Services

  • Analyze current employer benefit costs
  • Ensure benefit plan aligns with strategic goals
  • Evaluate Insured and Self Insured options
  • Create budget spreadsheet outlining annual costs

Merger/Acquisition and National Account Consulting

  • Conduct reviews for employee benefit plans including benefit and financial analysis
  • Identify areas of conflict and potential liabilities
  • Recommend strategies and provide communications for integrating benefits management and human capital processes
  • Provide on-going consulting to address “after the sale” benefits management and human capital issues
  Employee Enrollment

  • Manage employee enrollment process
  • Develop communication plan for open enrollment
  • Conduct face-to-face and webinar enrollment meetings
  • Produce announcement letters and benefit outline summaries
  • Build customized employer website with benefit communication material

Product Carrier Selection

  • Identify carrier specifications and initiate bidding process
  • Analyze carrier responses, plans and costs
  • Evaluate carriers, including network accessibility match
  • Negotiate with carriers and present options

Ongoing Benefit Management Carrier Relationship Services

  • Review carrier documents and contracts
  • Coordinate and distribute booklets and ID cards
  • Review Summary Plan Descriptions
  • Manage carrier relationships
  • Act as liaison between carrier and employer
  • Provide customer service representatives for employer’s HR staff
  • Conduct compliance and document review
May 9th, 2016 by Northern Insurance Group