U.S. employers continue to face rising healthcare costs and increased regulatory requirements. This makes the utilization of benefits administration technology even more valuable. Business Benefits Group’s (BBG) experienced Benefits Consultants can offer businesses expert guidance coupled with technology solutions that can help employers to make their HR and benefits administration processes better than ever.
Advantages of Working With a Technology-Backed Broker
Unlike many traditional brokers, BBG is technology-backed. This means that our knowledgeable Benefits Consultants are equipped with access to the most effective data procurement/analysis techniques, legislative resources, and other cutting-edge technologies that are available. This access enables our Benefits Consultants to provide businesses with superior benefits support, employee communications, and personalized service.
Our Benefits Administration Technology Solutions
BBG offers businesses reliable technology options that can help to support the ongoing maintenance of their benefits programs. Our proven technology solutions allow for businesses to streamline vital processes such as online benefits enrollment, warehousing of data, and compliance documentation. By collaborating with BBG’s expert Benefits Consultants, businesses can continue to optimize their fundamental HR and administrative processes.
BBG can provide a business’s HR department with a powerful employee communication tools to help increase overall productivity and to encourage cost savings. BBG utilizes several different technology systems—ensuring that we always offer a beneficial solution. With our HR technology solutions, employees are free to access online HR and benefits information at any time. This will decrease the administrative burden placed on HR department staff—allowing these personnel to focus on other vital operations.
BBG can provide your business and its employees with the content it needs through the MyWave® Connect content portal. Employees can access the MyWave® Connect content portal at anytime for answers on complex benefits and HR related questions on a 24/7 basis. Our reliable Benefits Consultants can support businesses with compliance, employee newsletters, and articles which help to explain benefits and other related topics in detail.
ACA Compliance Tools
Health care reform has changed how employers offer employee benefits. As a result, many employers have found themselves overwhelmed by the complex regulations concerning employee benefits plans. BBG offers businesses complete access to resources that assist businesses to avoid potential penalties and to evaluate compliance. Tools like our Full-time Employer Tracker, Cadillac Tax Calculator, and Section 6055 and 6056 Reporting Workbooks will save businesses time and help to ensure that all applicable compliance regulations are satisfied.
Human Resources Tools
BBG offers many HR tools to keep employees well-informed about benefits and administrative policies. We provide insightful HR articles from our Human Resources Library, communications and forms, and sample employee handbook. These resources helps employers to outline methods of preventing claims of harassment, discrimination, and wrongful termination.
BBG’s HR Hotline provides on-demand HR expertise to support our client’s HR efforts. Our Certified Human Resource Consultants are available to advise on any issues related to organizational development, benefits, and payroll.
Unlike traditional brokers which may come around only when it is time for renewal, BBG provides year-round support. Our Benefits Consultants understand the challenges of open-enrollment, and are available to provide businesses with support during these critical times. BBG’s Benefits Consultants are able to help employers to select the best benefits and will provide guidance throughout the entire open enrollment process. Our benefits consulting team will also take the time to meet with employers in order to cultivate strategic plans that are designed to lower costs.
Benefits aren’t just benefits. We understand that choosing the right benefits is an effective tool for employee recruitment and retention. Additionally, the ideal benefits package can help to maintain employee satisfaction and productivity. BBG can provide businesses with both accurate and timely compliance information—ensuring that companies are not forced to face these complexities alone.
Traditional brokers commonly fail to offer employers a comprehensive and detailed analysis of what their industry and regional competitors are offering from a plan-design perspective.
BBG can help businesses to design benefits plans by analyzing industry and/or competitor benchmarking data. This analysis can project the implications of modifying existing benefits programs, estimate benefit plan renewal costs, and streamline the employee selection process.
Oftentimes, traditional benefits brokers do not use the technology and analytical tools necessary for identifying areas of improvement, breaking down a plan’s data, comparing it to industry norms, and detecting critical errors.
BBG works to prevent employers from wasting resources on outdated and ineffective data analysis methods. By using employee claim information from a business’s plan carrier or TPA, BBG’s internet-based Decision Master® Warehouse System can analyze key benefits data and will help to discover when and how to adjust benefits plans in the interests of saving time and lowering costs. Additionally, BBG offers descriptive models on recommended adjustments that can help to more clearly demonstrate potential for savings.
Contact Business Benefits Group for More Information!
Employers who would like to learn more about the positive impacts of implementing benefits administration technology can call BBG directly or send an online message to schedule a complimentary consultation.