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Comprehensive Benefit Plan Analysis and Administration

From offering straightforward answers to your employees’ questions to going to bat for them with insurance carriers, our combined expertise and dedicated representatives are there to help ensure your employees get the most out of their benefits.

HR Knowledge can help your company by providing:

A Cost-Effective Benefits Program

  • Review 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 carriers
  • Evaluate and design plan options and perform a network accessibility match
  • Recommend alternative funding options (POP, FSA, HRA, HSA, 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 handbooks and ID cards

Effective Employee Communication

  • Manage the open enrollment process
  • Generate open enrollment material including a customized “Benefits-at-a-Glance”
  • Provide your company with a benefit communication portal

Legislative Compliance and Awareness

  • Update you on pending legislation and new laws
  • Advise on federal and state regulations such as national and state health care reform, COBRA, HIPAA, FMLA, etc.
  • Prepare ERISA 5500 filings
  • Process your Health Insurance Responsibility Disclosure (HIRD) filing with the MA DUA
  • Process and administer COBRA

Ongoing Support for Administrators and Employees

  • Provide day-to-day management support
  • Provide newsletters and other communication to keep you abreast of industry developments and requirements

Benefit Administration

  • Enter all employee benefit information into carriers’ systems and payroll system
  • Add and manage addition of new employees to benefits plan
  • Provide employee/family benefit call center support
  • Update payroll deductions when benefits renew and employee contributions change
  • Implement and maintain benefits portal with current 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 US health care system. Contact HR Knowledge to assist you with information regarding health care reform.

To learn more, please contact us.