Health and Welfare Consulting

In developing a benefit or plan design, several items must go into the decision making process, such as your company’s philosophy, goals and objectives; state and federal mandates; available benefits; pricing and communications.

Philosophy, Goals & Objectives

Before we can help you determine what is best for you, your company and your employees, we discuss your corporate philosophy.  We want to find out about you so that our recommendations fit your company’s style.  We discuss what others in your industry generally provide to their employees, so that you can position your benefits package where you believe it should be in relation to other companies.  Together, we develop a plan which will suit your company’s objectives, style and practice, and will help attract and retain employees.

State & Federal Mandates

We take into consideration current and pending state and federal mandates.  If your plans will be affected by the mandates, we will let you know the extent they will be affected (some mandates will not affect your plan, and others will have to be addressed directly).

Available Benefits

What benefits do you want to offer your employees?  What benefit plans are available to your employees in their area?  In order to design a benefit plan, it is important to understand what benefits you want to offer employees, and ensure that those benefits are available in the places your employees live.  If not, what alternatives are available?

Pricing

What does your company want to spend on benefits?  Where can we save you money?  What products or carriers will give you the most for your money?  How can we save your employees money?  All of these questions are explored and answered.

Benefits Design

Medical insurance choices are confusing. KBI helps you understand indemnity plans, HMOs, PPOs, EPOs, POSs, HRAs, HSAs and other hybrid medical plans to help you find the type(s) that best suit your company. In addition, we can help you with other benefits such as:

  • Section 125 (Cafeteria) plans
  • Unfunded Health & Welfare Plans
  • Child Care Referral Services
  • Dental HMOs, PPOs, and Fee-For-Service Plans
  • Employee Assistance Programs
  • Vision Plans
  • Basic and Supplemental Life and AD&D Plans
  • Dependent Life
  • Long and Short Term Disability Plans
  • Adoption Assistance Plans
  • Pre-tax Contribution Plans
  • Flexible Spending Account Plans
  • Business Travel Accident Plans
  • Long Term Care
  • Executive Reimbursement Plans
  • Key Person Life Insurance
  • Wellness Programs
  • Health Fairs
  • HSA, HRA Administration

Financial Reporting

In order to evaluate your health plans on an ongoing basis, we provide several types of financial reports, such as experience reports, large claims analysis, and utilization reports, when available, to track your employees’ usage and develop action plans to solve problems exposed by the reports.

Carrier Negotiation

With our extensive experience in the industry, we are experts in cutting through the masses of plans and finding quality plans and rates that fit each employer’s needs. We deal with financially stable companies (verified semi-annually) to ensure financial solvency of the carrier is never a concern.

Communications

A sophisticated plan requires substantial education for both the company and your employees.  Effective communication my play a key role in whether a plan succeeds or fails.  We help train your staff, facilitate the communication process and help create material for you and your employees which is well-presented and understandable.