Group Health Insurance Management

Benefit Watch's long-standing relationships with insurance companies enable us to offer comprehensive service packages and numerous options for financial planning when providing employee benefits.

Once we understand your objectives, we design a program tailored to meet your corporation's specific needs. We present to you a plan that incorporates the latest cost containment measures while providing your employees with health care coverage that protects their wellbeing.

Then, we're there for you with ongoing, day-to-day administrative assistance, and provide you with annual reviews of benefit structure and cost.

Evaluation of Existing Programs

• Verify that your current benefit package is satisfying its intended objectives.
• Determine whether the program complies with Federal and State government rules, such as ACA Regs, CMS Regs and IRS Internal Revenue Code.
• Evaluate the current program's competitiveness from a cost and benefit perspective.
• Determine whether cost reductions or benefit increases can be achieved through alternative funding methods.

Program Design

• Define your company's objectives.
• Evaluate the types of plans that best satisfy these objectives.
• Determine the feasibility of Flexible Benefit Cafeteria programs. (FSA, DCA, HRA, HAS)
• Design plan provisions with specific emphasis on managed health care.
• Evaluate funding alternatives.
• Prepare the data necessary for the underwriter's quotation of insured plans.
• Select and negotiate with the insurance carrier(s) or the administrator of a self-insured plan.
• Prepare and discuss a report outlining the plan provisions, cost summaries and benefit illustrations.