Employee Benefits

Our firm deals with a number of benefit companies to ensure that your organization is provided with a comprehensive and cost effective benefit plan that is structured to meet all the requirements of your organization.

We are pleased to provide the following services:

Dental Care
Health Care:

Extended Health Benefits
Medical emergency Assistance
Medical Travel Benefit
Travel Health Benefits
Prescription Drugs
Health Access Line

Critical Illness
Optional Life
Basic Life Insurance
Accidental Death & Dismemberment
Dependents Group Life
Weekly Indemnity (Short Term Disability)
Long Term Disability
Business Overhead Expense Insurance
Group Retirement Savings

As your advisor, we strive to assist you in calculating all of the critical components of your plan. Although cost is usually a major factor in the decision-making process, there are also many other key issues that require consideration such as:

Plan Comparisons	Define the costs and policy definitions to existing plan before choosing another
Administration Services	What kind of support will be available? Is it at a local level?
Reporting Functions	How much detailed information will be provided to you in terms of health and dental claims?
Online Access	Can you access your coverage and administrative information online? Is there additional information on health, wellness, and preventative care?
Claim Remittances	How efficient is the service and where are claims paid?
Underwriting	What is the degree of ability to underwrite specific benefits as experience rated and/or self-insured?
Overhead Evaluation	What is the estimated cost of doing business? Claims adjudications, salaries, commissions, publications, marketing expenses or catastrophic events are all variables within this formula for each insurer.
Trends Forecasted	increases determined by the insurer to calculate anticipated inflation for major coverage’s (health & dental) in the coming year. Trends are vital in the renewal process
Performance	How will the plan’s performance affect renewals? Reserves based on the “Incurred but not Reported Reserve” or the IBNR determine the adjustment amount within the first couple of years of a plan’s implementation. (Typically between 15 – 20%). If the experience is poor, the rates will reflect the cost increase due this experience to fund the IBNR. Alternatively, if the experience is good, the IBNR will not be a problem to fund.