Business Benefits Group (BBG) offers professional Benefits Consulting services to business organizations in Vienna, VA. Our experienced benefits consultants can work with Vienna, VA businesses to ensure that they can offer a cost-effective, competitive, and attractive employee benefits package. Providing staff with a desirable benefits package is a truly effective tool for recruiting high-performing employees, and can also serve as an excellent method for keeping employees feeling secure, productive, and motivated. BBG’s professional Benefits Consultants are able to assist businesses in Vienna, VA through the full lifecycle of employee benefits planning, including the planning, implementation, enrollment, and continual administration and maintenance.
Understanding the Needs of Employees
The average employee has considerations about what financial, healthcare, and other desirable benefits they are offered. Employees often want to be assured that their position will allow capability to maintain a lifestyle which can continue during retirement. A competitive employee benefits package is capable of enabling a business’ employees to feel more secure throughout life—and is even likely to enhance productivity through motivated company loyalty.
Our Vienna, VA Benefits Consulting Services
Businesses in Vienna, VA who want to have the capacity to retain and attract dedicated and competent employees need to implement a solid employee benefits program. It is important to determine the ideal way to structure these benefits packages in order to get the most from them while being as cost-effective as possible. BBG’s team of Benefits Consultants can help guide Vienna, VA businesses to make the strategic benefits decisions required to generate value, lessen administrative burdens, and reduce expenses. To this end, BBG’s Benefits Consulting Services include:
Each of Benefits Consultants has the experience and the know-how needed to offer valuable advice as to which benefits options will ideally serve a business as a whole and its employees. BBG’s Benefits Consultant can assist businesses in Vienna, VA to understand the various distinctions between plans, such as Self-Funded and Fully Funded, and we will help employers understand the nuances of each health network they may have interest in, such as PPO, HRA, POS, HMO, HSA, and others. Each of these plans offers specific advantages which BBG’s Benefits Consultants are able to comprehensively explain.
Benefits Administration Technology
Communication is one of the more significant elements maintaining an employee benefits program operating effectively. BBG’s Benefits Consultants can implement Benefits Administration Technology designed for an HR department to manage benefits as efficiently as possible. BBG’s Benefits Administration Technology solutions also assist Vienna, VA businesses in organizing easy access to key benefits information that employees require to make informed plan choices. Simplified access to employee benefits information through our mobile platforms and other systems is great at helping to close the gap in organizational communication without unnecessarily raising costs or reducing operational efficiency.
A key element of to an organization’s success is benchmarking. With an in-depth Benchmarking Analysis from BBG, our Benefits Consultants make our clients aware of the level of employee benefits similar competition have found to be attractive. A clear understanding of the competition’s benefits strategies can give businesses a competitive edge in the business world when pursuing future opportunities or making a bid on a valuable contract.
Benchmarking analysis can also be utilized to guide businesses in the right direction by identifying any deficiencies or overages in the existing plan. We are able to offer access to important trends dealing with: Paid-Time off, Outsourcing, Vision Plans, Dental Plans, Health Care Plans, Human Resource procedures and policies, Retirement Planning, and more.
Custom Open-Enrollment Communication
The entire open enrollment process can result in a degree of confusing administrative requirements which may be challenging to explain to the employees. Also, it can be stressful for an HR department to appropriately store and track all of the documentation required for each employee. BBG’s Benefits Consultants can assist employers in Vienna, VA to simplify and optimize the open enrollment process through providing clear, personalized, and easy-to-understand, instructions as a part of a benefits marketing campaign that we will work closely with our clients to develop.
Build Your Benefits Package
Many studies have shown how comprehensive plans including dental, vision and other employee benefits generate the a positive reaction from employees. The feeling of being recognized and appreciated by an employer is a common reaction of having a benefits package which addresses their health and financial needs. Our Benefits Consultants have the superior, extensive know-how to assist businesses in Vienna, VA to build and develop the right benefits package for them. BBG also helps employers to evaluate the existing program they have in order to highlight any plan options which could further enhance an existing program while reducing overall costs.
Important Pre-Renewal Planning
Staying on top of pre-renewal planning will help businesses avoid having to important benefit plan decisions under a tight timeline. Through BBG’s pre-renewal planning service, Vienna, VA businesses can have full confidence in our ability to provide year-round support. We will take the time to request feedback from our clients in order that we can always provide the best customer service. This includes how BBG will contact a business long before the renewal date to ensure that a business’ benefits plan is running as efficiently as intended. BBG’s benefits consulting professionals will review all of our client’s benefits package to discover if there is a good opportunity to upgrade or enhance the package. BBG’s Benefits Consultants will take this opportunity to address any organizational developments that were made within the previous year in case these changes would require any plan adjustments.
Flexible Spending Accounts
BBG’s Benefits Consultants can work advise Vienna, VA business on how to properly utilize Flexible Spending Accounts (FSA). An FSA account (also known as a Flexible Spending Arrangement) are individualized accounts that are useful for setting aside money for out of pocket medical costs. Generally, deposits into these accounts are made with pre-tax money and simplify the reimbursement process. Many employers are interested in incorporating FSA accounts into their benefits strategies due to the potential flexibility they can provide.
While an employer is able to contribute to employee’s FSA, it is not a requirement. Our Benefits Consultants can provide education to employers on FSAs so they can make well-informed decisions on whether implementing FSAs are right for them.
Many employers are not fully aware of each of the timelines required for submitting underpayment statements, COBRA notices, early termination notices, event election notices, plan change statements and other important deadlines.
Vienna, VA businesses who currently have 20 or more employees may be required to offer COBRA. The administration of COBRA requires strict compliance to numerous regulations. BBG’s Benefits Consultants can manage every aspect of COBRA administration for businesses in Vienna, VA, including properly storing and tracking all of the required documentation, as well as ensuring compliance. Additionally, we can explain COBRA to employees—possibly preventing expensive noncompliance fines.
Established in 1965, Medicare is the federal health insurance program developed by Congress. While standard protection against many health care costs is usually included, all of them, especially expenses related to long-term care, are not. Benefits provided by Medicare cover those under 65 who are disabled and seniors over the age of 65.
One of the most important parts of preparing for retirement is understanding and selecting from available medical insurance coverage. To this end, one of the most important functions of BBG’s Benefits Consultants is to help employees and employers to navigate through each of the steps involved with applying for Medicare.
Consumer Purchasing Guidelines
BBG’s Benefits Consultants provide our clients with an informative approach to the breakdown of every employee benefit they could be interested in. It is critical that employers understand specifically “who pays what” for each benefit, and how each of the rating systems functions. BBG’s Benefits Consultants are ready to help businesses through evaluating and selecting the benefits package created to ideally meet a business’ overall needs.
Advantages of Our Vienna, VA Benefits Consulting Services
An exceptional benefits plan can result in employees with a greater degree of loyalty and commitment and an increase in the rate of employee retention.
Gathering all of the elements involved in a great employee benefits plan may seem daunting at times. BBG’s well-trained Benefits Consultants make navigating even the most detailed benefits package a straightforward journey—while remaining cost-effective and reducing any stress businesses may have. BBG’s Benefits Consultants assist businesses with all aspects of employee benefits.
Working with Business Benefit Group’s professional Benefits Consultants will help to remove the unwanted misinformation and confusion which could otherwise result from planning, implementing, and administering employee benefits. Our overarching objective is for employers and their employees to easily access the benefits consulting resources they need in order to remain competitive and profitable in their industry.
Licensed, Qualified, and Experienced Consultants
For over two decades, BBG has been providing valuable insight into the most advantageous business benefits practices. Our clients always feel confident in their ability to select and administer employee benefits—a testament of our extensive experience in the brokerage industry and our long-held record of success.