Strategies

Carolina Benefit Plans maintains long-lasting client relationships by offering benefit consulting strategies that supplement and enhance our traditional benefit brokerage services.

As benefits consultants, we consistently identify effective approaches for managing the costs, minimizing the risks and communicating the values inherent in employee benefit plans:

Essential Benefit Consulting Strategies:

• Annual employee enrollment meetings– a critically important opportunity to educate your employees about the value of their benefits
• Employee benefit brochures– presentation quality communication pieces that summarize all of the employee's benefits and perks
• Employee benefit fairs– periodic forums that allow employees to meet their vendors and post questions related to plan design and administration
• Monthly e-Newsletters– to keep plan administrators informed about recent legislative matters, industry news and upcoming deadlines
• Seminars– semi-annual forums to keep our clients updated on insurance trends, innovations and regulations
• CDHP feasibility studies– conversations with plan sponsor and in-depth sensitivity analysis to determine the merits of introducing or modifying FSAs, HRAs or HSAs
• Premium cost estimator– a tool to evaluate the merits of various premium cost recovery options
• Census eligibility audits– periodic review of clients’ census to identify employees with upcoming dates for Medicare eligibility and dependents that may be losing eligibility status
• Legislative compliance- ongoing communication to keep plan administrators apprised about issues related to COBRA, HIPAA and other regulatory matters

Enhanced Benefit Consulting Strategies:

• Employee benefit statements– customized individual statements detailing the actual cost of each employee’s benefits and firm sponsored perks
• Employee lunch and learn seminars– periodic forums to educate employees about the true cost of health care and how to reduce those costs
• Employee health screenings– periodic opportunities for employees to check their cholesterol, blood pressure, etc.
• COBRA administration services– access to third party administrators and service bureaus to assist with complex COBRA issues
• HR consulting services– access to HR professionals who can convey helpful information about complex issues related to plan sponsorship (new hires, terminations, COBRA, HIPAA, FMLA, etc.)
• Tax services– access to CPAs and tax advisors for assistance with accounting . questions and 5500 preparation

You, too, can take advantage of these reliable and risk-reducing strategies, frequently without having to change benefit plans or providers.

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