HR Knowledge can help your company by:
Establishing a cost effective benefits program
- Review of current plan designs and establish benefit goals
- Garner feedback from management and employees regarding current benefits
- Evaluate long range plans and objectives Identify strengths, inefficiencies and possible areas of regulatory non-compliance
Competitive Bidding
- Generate the most up-to-date census information
- Generate plan design quote requests from various Plans and Carriers
- Evaluate and design plan options and perform a network accessibility match
- Recommend alternative funding alternatives (POP, FSA, HRA, H.S.A., Partially Self-insured options)
- Negotiate with carriers and deliver a comprehensive outline of final recommendations
Seamless Implementation
- Manage the data collection process
- Review all documents and contracts
- Interface with the carriers and coordinate booklets and ID Cards
Effective Employee communication
- Manage the Open Enrollment Process
- Generate Open enrollment material including a customize a "Benefits-at-a-Glance"
- Provide your company with a Benefit Communication Portal
Providing Legislative Compliance and Awareness
- Updates on pending legislation and new laws
- Advise on Federal and State Regulations (National Healthcare Reform, COBRA, HIPAA, FMLA, MA Health Care Reform and more)
- Preparation of ERISA 5500 filings
- Process your Health Insurance Responsibility Disclosure (HIRD) Filing with the MA DUA
- COBRA Processing and Administration
Ongoing Support for Administrators and Employees
- Provide day to day management support and provide support beyond each carrier’s member services
- Provide newsletters and other communication to stay abreast of trends
Benefit Administration
Create and Manage Employee Lifecycle Processes
- Enter all employee benefit information into carriers systems and payroll system
- New Employee paperwork orientation support
- Communicate with Client Administrator to complete any missing information
- Employee/Family Benefit Call center support
- Update payroll deductions when benefits renew and employee contributions change
- Implement and maintain benefits portal with up to date plan summaries, forms and links to carriers
Health Care Reform
Healthcare Reform, also known as the Patient Protection and Affordability Act was signed on March 23, 2010. This legislation made changes to the U.S. Healthcare system. Contact HR Knowledge to assist you with information regarding Health Care Reform. Click here to learn more.