Business Benefits Group’s (BBG) Benefits Consultants provide benefits consulting services to businesses in Alexandria, VA. Our benefits consulting services create substantial value for organizations in the Alexandria, VA area.
To remain successful, businesses need to attract the right talent to work for them. Our thorough Benefits Consultants are able to provide Alexandria, VA businesses with the expert guidance they need to ensure their benefits are improving operational performance, lowering costs, reducing administrative burdens, and attracting/retaining critical employees.
Understanding Employee Needs
Employees generally need proper healthcare and financial resources that will secure their future. They also need to understand the options that are available to them.
They want to know that the benefits a job is offering will help them remain confident through life’s challenges. At the end of their careers, employees really look forward to retiring with enough financial security to enable them to continue living the lifestyle they have been used to during their working lives. Employee benefits plans may allow for employees to enjoy this sense of security so that they are able to concentrate their entire energy on performing a job to the best of their ability.
Our Benefits Consulting Services in Alexandria, VA
BBG considers the full range of employee wants and needs before determining which benefits a business should offer them. In the same way, we will structure a benefits plan in ways that won’t hurt the bottom line of a business. From the planning and strategy stages down through to the implementation of these plans, our professional Benefits Consultants will help a business to structure, maintain, and administer an affordable and effective employee benefits program. BBG offers a wide variety of these Benefits Consulting services, including:
BBG has experienced Benefits Consultants who will provide businesses with clear advice about the health plans that will best serve employees and the company. We will, for instance, educate employees on the differences between Fully-Funded and Self-Funded plans, as well as the distinctions between HRA, HAS, POS, HMO, PPO, and other plans. We will also explain the unique considerations and benefits of every type of plan to enable businesses to make informed decisions.
Benefits Administration Technology
To ensure an employee benefits program runs smoothly, businesses need proper communication. BBG’s Benefits Administration Technology solutions can target specific administrative issues to make improved adjustments to organizational communication regarding compliance warehousing of data, online benefits enrollment, and documentation. Our Benefits Administration Technology mobile platforms will bridge this communication gap, reinforce procedures, and create easy and fast access to benefits information. Businesses can also use this service to cut down on costs, improve operations, and provide useful data to employees.
Benchmarking is essential for the success of a company. BBG’s benchmarking analysis services work to analyze a business’ current benefits to compare them to what the competition is offering. This way, organizations will know how to stay competitive within an industry.
Our benchmarking analysis service will also enable a business to recognize any overages and deficiencies in its current benefits plan. In addition, businesses will receive access to comparisons about the trends in Retirement Plans, Outsourcing, Human Resource policies, Part-Time off, Vision Plans, Dental Plans, and Health Care Plans—and more.
Custom Open Enrollment Communication
The open enrollment process entails a lot of paperwork and stress, especially when a business needs to thoroughly explain the details of the benefits it is offering to employees. In the same way, businesses need to track and store all required documentation. As a professional Benefits Consultants to Alexandria, VA businesses, we will simplify this process by providing our custom-tailored open enrollment communication services. When the time for enrollment arrives, BBG can assist with planning the benefits marketing campaign which allows employees enough time to effectively sort through their options to make these critical decisions ahead of the enrollment deadline.
Building Benefits Packages
Employees are responsive to generous benefit plans that include dental, vision, health care, among others. When a business offers comprehensive plans, employees will feel more appreciated and loyal to the company. As a result, they have been known to become happier and more productive at the workplace.
The knowledgeable Benefits Consultants working for BBG will analyze a business’ current benefits program to determine whether there are new options available to implement and improve upon the overall impression of the package. We will, at the same time, develop strategies to keep costs to a minimum so a business can get the most out of a strategic benefits package.
BBG can be depended on to ensure that plan renewals take place in a timely manner. To this end, our Benefits Consultants will get in touch with a business several months before it needs to renew. We will review the package and find out whether a business would like to modify or enhance the existing plans during the renewal stage.
Additionally, we will find out whether a company has undergone any major changes within the past 12 months that would require any adjustments to the current employee benefits package.
Flexible Spending Accounts
BBG also offers advice to clients in Alexandria, VA who are looking to implement Flexible Spending Accounts, also known as FSA’s and Flexible Spending Arrangements. These accounts will allow employees to take care of certain out-of-pocket costs related to their healthcare while using pre-tax money. Employers often use FSAs as benefits to make contributions which let employees know how they are appreciated
If a business has over 20 employees, our Benefits Consultants can help to manage COBRA Administration. This includes support with COBRA compliance, timelines for providing event election notices, underpayment statements, early termination notices, plan change statements, late payment statements, notices related to COBRA.
Medicare is the federal health insurance program which offers protections against particular costs related to healthcare. Although it does not cover the entirety of medical expenses and does not mention long-term care, Medicare is useful for assisting people over the age of 65 and others who have certain medical issues and disabilities.
BBG can help organizations in Alexandria, VA to better understand the Medicare system, the advantages it provides, and how to understand and navigate Medicare’s associated issues. We will help employers to effectively educate employees to ensure they are preparing enough for retirement.
Consumer Purchasing Guidelines
BBG offers guidance on the breakdown of every benefit plan businesses wish to offer to their employees. This way, organizations will know who pays for every benefit and how the different rating systems operate for the purposes of making well-informed decisions on the benefits package that is best suited to the company.
Licensed, Qualified, and Experienced Consultants
BBG’s services are chosen by a large variety of businesses in Alexandria, VA. This is simply because our Benefits Consultants know what needs to happen for businesses to grow and thrive. Our Benefits Consultants are some of the highest qualified and most informed employee consultants in the benefits brokerage industry. BBG is proud to have been providing these dependable Benefits Consultants for decades. Through collaborating with the wealth of expertise of BBG’s experienced Benefits Consultants, businesses can focus on growing and achieving continuous success in their markets.
Advantages of Our Alexandria, VA Benefits Consulting Services
Businesses in Alexandria, VA who choose to work with BBG will have access to a number of valuable advantages. Our Benefits Consulting services have been proven to benefit a large variety of businesses. We can help to eliminate confusion over benefit plan structures, compliance regulations, and plan administration. From start to finish, we can assist during every stage of the benefit plan process. Additionally, we make sure to provide expert insight that ensures employers are offering competitive benefits incentives—without creating unnecessary administration or incurring additional costs.
Contact BBG For More Information on Benefits Consultants