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Employee Benefits Website Revolutionizes Customer Accessibility & Improves Workflow
Detroit, MI --The Benefits Group, a Michigan-based employee benefits brokerage firm, announces a new web based technology solution proven to cut costs and increase efficiencies. They bring added value to their existing clients, free of charge, by offering the latest technology solutions to help better communicate benefit details, along with the importance of the benefits package being provided.
The Benefits Group’s new online service offers an electronic filing cabinet for employees and their spouses to reference important benefit information, enrollment and claim forms, mail order drug applications, along with tax and HIPAA forms. Additionally, there are tools incorporated to help ensure compliance.
“You’ve done an excellent job. This website offers great information, is easy to navigate and pleasing to the eye. It’s like having a mobile HR Department. I was extremely impressed by how good your team made my team look! Thanks again.” – D.K., Controller –Gorman’s Furniture
These valuable tools provide accessibility, making policy and plan interpretation much easier and more time efficient for everyone. It also allows employees to access company specific information (i.e. handbooks and policies), further improving corporate communications. The Benefits Group has developed this tool in conjunction with client hiring seminars who can utilize this application as a hiring incentive for perspective employees.
The benefits portal is designed around a company’s current website, capturing the corporate identity while allowing the client to organize all benefits in one convenient online location. Additionally, there is no training involved; it’s a turnkey solution.
“This will take the strain off organizing and employee demand for requesting forms and administrative questions,” says David Bommarito, President of The Benefits Group. “Clients such as Net Results Group, Third Planet Wind Power and Gorman’s Furniture have stated how much this online service has helped workflow and time management of their staff”, commented Bommarito.
Since 1986, The Benefits Group, located in Rochester Hills, Michigan, has been a full-service employee benefits company providing all aspects of employee benefits; group medical, dental, vision, short and long term disability, 401(k)’s, FSA’s, EAP and more. For more information about The Benefits Group, visit www.healthbrokers.com
How To Reduce Cost Without Sacrificing Your Health Coverage: HRA Offers Cost Containment Plans to Increase Health Coverage for Employees
Detroit MI, -- With health care premiums increasing across the board, many companies are looking for alternative options to decrease spending without losing employee coverage. Now employees have the option to maintain the quality of coverage and lowering the cost by as much as 25% by taking preventive care measures through Health Reimbursement Arrangements (HRA).
To contain the cost of insurance premiums, The Benefits Group focuses on creative plan design. Switching to high deductible health plans which generally result in lower insurance premiums. HRA’s are usually offered as part of a consumer-directed health plan, which provides employees with important new benefit options while raising consumer awareness of cost; which then empowers consumers with greater decision-making control over their health spending.
Health Reimbursement Arrangements is a government-based program created to encourage small businesses to provide benefits to their employees. Due to a climate change in the health industry and a double-digit increase in premiums, many companies have been forced to reduce benefits, shift more costs to employees or drop coverage entirely. “The consumer market has created a demand for affordability, plan options and the popularity of HRA plans are making this possible”, says David Bommarito, President of The Benefits Group.
HRA’s are open to employees employed by companies of all sizes, unlike some plans. The HRA contributions are an unfunded liability and are only paid if claims rise above a set point and are capped to a known liability, and they are free from state, federal and FICA taxes.
For example, Net Results Group adjusted their deductible plan up by $1,500.. “The premium savings allows the company to fund the increase in deductibles on behalf of their employees without reducing their benefits and still save 18% on the health care budget”, says The Benefits Group. With dental, we are typically able to save about 40% with comparable benefits.
Since 1986, The Benefits Group, located in Rochester Hills, Michigan, has been a full-service employee benefits company providing all aspects of employee benefits; group medical, dental, vision, short and long term disability, 401(k)’s, FSA’s, EAP and more. For more information about The Benefits Group, visit www.healthbrokers.com
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