Business Benefits Group (BBG) provides Benefits Consulting services for businesses in Arlington, VA. Our Benefits Consultants understand how the right benefits packages can energize an organization’s team of employees—ensuring the longevity and productivity of a business. We aim to ensure the businesses who work with our experienced Benefits Consultants in Arlington, VA have the edge over their competition. Working with BBG will show businesses how to offering the perfect benefits package to support their current and future team members—while also saving time and staying in budget. BBG walks businesses through the entire process, from plan selection and implementation, to administration and re-enrollment.
Our Arlington, VA Benefits Consulting Services
We will help businesses consider the full range of their employee wants and needs, determine which benefits to offer them, and structure these benefit plans accordingly. Our highly experienced team of professional Benefits Consultants will also help to set up and maintain an employee benefits program in ways that do not cut into an organization’s overall long term strategy. BBG provides the following Benefits Consulting services:
Plan Comparisons
Our Benefits Consultants will provide businesses with clear advice about the plans that will best serve a company and its employees. We will educate businesses and their employees on the differences between Fully-Funded and Self-Funded plans, and the spectrum of other types of plans like HRA, HAS, POS, HMO, PPO, and others. We will also explain the unique considerations and benefits of every type of plan to enable better informed decisions.
Benefits Administration Technology
To ensure that an employee benefits program runs smoothly, businesses need highly effective communication. Our Benefits Administration Technology services will bridge this communication gap, reinforce procedures, and create quick and easy access to benefits information including: warehousing of data, online benefits enrollment, and compliance documentation. Using our mobile technology platforms and our other modern solutions enable businesses to cut down on costs, improve operations, and provide useful benefits data to employees at the touch of their fingertips.
Benchmarking Analysis
Benchmarking is essential for the ongoing growth and success company. A thorough benchmarking analysis can take a deep look at all of the benefits a business offers, and compare them to what competitors are providing. This way, businesses will know how to stay competitive within the industry and their markets.
Our benchmarking analysis service will also enable businesses to recognize any overages and deficiencies in their current benefits plan. Our Benefits Consultants can provide access to comparisons about the trends in Retirement Plans, Outsourcing, Human Resource policies, Paid-Time off, Vision Plans, Dental Plans, and Health Care Plans, among other items.
Custom Open Enrollment Communication
The open enrollment process entails great amounts of paperwork and stress, especially when a business needs to explain the benefits options offered to employees. By learning more about the specific benefit interests and needs of employees, businesses can target their communications to them more effectively. The type of benefits marketing messaging will depend on the size of a business and its budgeting for these custom communications. As professional Benefits Consultants for businesses in Arlington, VA, BBG can collaborate with employers in order to determine how to best reach employees through custom open enrollment communications.
Build Your Benefits Package
Employees are more responsive to comprehensive plans that include dental, vision, health care, and all other benefits. Offering comprehensive and competitive benefits plans will allow employees to feel more appreciated. As a result, they may become happier and turn out to be increasingly loyal and productive in the workplace.
The knowledgeable benefits consulting experts with BBG will analyze a business’ current program to determine whether there are new options that can implement to improve the overall impression of a benefits package. We always keep in mind the need for a business to save time while holding benefits costs to a minimum.
Pre-Renewal Planning
Our Benefits Consultants work to ensure that required renewals occur smoothly. To this end, BBG will get in touch with with a business several months before they need to renew a plan. We will also review the current package and find out whether it would be necessary or desired to modify or enhance existing plans during the renewal stage.
Additionally, we will find out whether a business has undergone any major changes within the past 12 months that would warrant any amendments to the current employee benefits package.
Flexible Spending Accounts
BBG can help businesses in Arlington, VA implement Flexible Spending Accounts (FSAs) for its employees. Also known as Flexible Spending Arrangements, these are special accounts that employees can use to save money when taking care of out of pocket healthcare costs. These accounts will simplify the process of reimbursement.
The deposits made into FSAs are generally made with pre-tax dollars, meaning that employees can use them because they can have more advantages over a standard savings accounts. Employers can also make contributions to the FSA accounts opened by employees to let them know that how their employers are paying attention to their overall health, wellness, and wellbeing.
Cobra Administration
Where COBRA is concerned, businesses must know the timelines for providing notices, plan change statements, late payment statements, underpayment statements, early termination notices, and event election notices that are related to COBRA.
If an employer has 20+ employees, they can count on BBG to discuss and work on COBRA Administration. Additionally, BBG can manage COBRA administration. We will ensure that employers comply with COBRA rules and requirements, while keeping track of the COBRA information relating to all current and former employees.
Medicare
Medicare is a federal health insurance program which provides basic protections against certain healthcare-related costs. Although it does not cover medical expenses in their entirety and totally ignores long term care, it is still useful for helping people over the age of 65, and others who have certain disabilities and medical afflictions.
BBG can help businesses in Arlington, VA to better understand Medicare, the benefits it provides, and how to comprehend and navigate the issues associated with this program. This way, employers can properly educate employees to ensure they are well prepared for retirement.
Consumer Purchasing Guidelines
We will also guide businesses with regards to the breakdown of every employee benefit plan a business wishes to offer. As a business, it will need to figure out how different rating systems work and who will pay for every benefit provided to employees. This way, businesses will be in a better position to decide which plans are ideal for the company. Our Benefits Consultants can help with decision making and comprehensive analysis to ensure businesses continue to head in the right direction.
Advantages of Our Arlington, VA Benefits Consulting Services
Our Benefits Consultants can help businesses to structure competitive and cost-effective benefits programs, and can also provide valuable guidance with any benefits-related issue. Businesses who elect our Arlington, VA benefits consulting services will be able to eliminate unwanted confusion regarding employee benefits. Employers who work with BBG feel confident that they are making intelligent and better informed benefits decisions that will improve operations while helping to reduce expenses.
Licensed, Qualified, and Experienced Consultants
BBG is chosen by a wide variety of businesses in the Arlington, VA area. This is because we know what it takes for businesses to thrive. Our Benefits Consultants are some of the best, most informed, and the highest qualified employee benefits consultants in the industry. BBG has been providing reliable benefits consulting services for decades. Through comprehensive support from BBG’s experienced Benefits Consultants, businesses can focus on growth and becoming more successful in their given markets.