Health & Welfare Insurance Plans
We feel our role is to act as an adjunct of your human resources team, bringing benefits knowledge, skills, and experience to your organization. We’ll perform all the necessary plan management functions needed to ensure a smooth and efficient delivery of benefits programs to participants while keeping an eye on long-term financial viability.
Account Management Services uses a dynamic process that includes:
- Setting objectives based upon your organization’s corporate philosophy and long term strategic plans
- Designing employee benefit plans that are competitive within your industry
- Evaluating insurance vendors, determining appropriate carriers, preparing requests for proposals, and negotiating renewals
- Implementing programs, providing employee communication materials, and providing continuing administrative and compliance support
- Analyzing claim data and providing monthly financial reports
Comprehensive Service Packages include a variety of day-to-day plan management and strategic planning initiatives:
- Providing customized benefit manuals and financial reports
- Assisting with federal and state regulation compliance
- Preparing 5500 forms
- Assisting with claims issues
- Completing employee benefit surveys
- Conducting educational seminars
- Additional services such as customized communications materials, end of year benefit statements, plan summaries and other educational material
We also collaborate with a select group of proven strategic partners to provide even more expertise and plan management services:
- ERISA and employment law attorneys
- Claims auditors
- Prescription drug consultants
- Employee communications experts
- COBRA and Flex administrators
- Claim and trend analysis experts utilizing proprietary PlanIT report
International broker access is provided through Hays Companies’ membership in the Worldwide Broker Network, which includes retail insurance brokers in more than 35 countries throughout Europe, Asia, and Africa.
