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Insert Client Logo

Insert Client Logo. 4 x 5 x 3 = 60. Pricing Formula Analysis. By: Britt Erickson - Consultant. 4. 5. 3. 60. x. x. =. Duplication of HR Services. Price. Plan Design. Compliance. 4 x 5 x 3 = 60. The Commercial Insurance Pricing Formula. 4 x 5 x 3 = 60.

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Insert Client Logo

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  1. Insert Client Logo 4 x 5 x 3 = 60 Pricing Formula Analysis By: Britt Erickson - Consultant

  2. 4 5 3 60 x x = Duplication of HR Services Price Plan Design Compliance 4 x 5 x 3 = 60 The Commercial Insurance Pricing Formula

  3. 4 x 5 x 3 = 60 Analysis of The Pricing Formula Audit Results Monitoring Proactive Solutions Implementation Customization

  4. Findings of Analysis 4 x 5 x 3 = 60 Audit Results Conclusion Proactive Solution(s) C U S T O M I Z A T I O N • COMPLIANCE • Ensuring all COBRA is handled with third party. Introduction you to Ceridian and confirm in writing their responsibility to you as a client. • Ensuring all state and federal notifications are being delivered timely COBRA Policy and Procedures 5500 Filing Compliance Wrap Contract FMLA Medicare Part D Notification Women’s Cancer HIPPA Policy Plan Design Alternative benefits Cafeteria plans Fiduciary responsibility Open Enrollment Benefits Booklet Benefits Fair Benefit Statements Multi-Location Communication Online Support Health & Wellness programs COBRA Need clarity and firm policies 5500 Filing Establishing a Cafeteria Plan to provide cost efficient benefits to all employees There’s a possibility that your exposures are not fully understood and/or adequately covered. Compliance Policies seem to be met, establishing a seamless tracking system to guarantee all notifications are received The process used to monitor your compliance activity could be improved. • Plan Design • Good plan design and adequate ancillary products. • Simple renewal and there were paperwork issues The process in place to ensure the accuracy of your premium may not be effective. • PLAN DESIGN • Complete analysis of your company’s benefits • Predetermined enrollment with multiply Rep’s to ensure a successful enrollment Employee Communication Minimal online help, communication via email Little help from agency promoting employee communication, i.e. health and wellness, Employee Benefits notification There are many programs and tools that can be implemented to provide the Employer and Employee more efficient service. • DUPLICATION OF HR • Health & Wellness Program • HR CONNECTION • Zywave • Designated Account Manager • Established timeline for entire year

  5. Monitoring 4 x 5 x 3 = 60

  6. Moving Forward 4 x 5 x 3 = 60 Next Steps…

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