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Value Added |
Employee Surveys
A critical component
to developing a valuable Employee Benefits Program is to understand what your employees
need and want. We will create custom questionnaire’s and forms giving your
employees the opportunity to have input into the design of the plan. This
creates “Buy-In” from your employees because they are more involved in the decision
making process. It also opens line of communication between ownership/management
and staff, thus strengthening the culture of the company.
Long Range Planning
It is increasingly
difficult to maintain the level of benefits of your health insurance when we continually
see increases of 10% to 30%. When we design our programs we always have a
watchful eye on the future. It is our goal to look beyond today to in order
to create a sustainable benefits program for the future of your business.
Employee Education
One of the greatest
ways to bring value to your Employee Benefits Program is to educate consumers.
We conduct regular enrollment and benefit meetings with your employees to teach
them how to be smarter consumers of healthcare. We also emphasize the importance
of their benefits and explain how it effects the bottom line of the business.
Our philosophy is to reduce premium increases through more efficient utilization
of benefits.
Risk Management
As your business
grows it becomes increasingly difficult to monitor the overall health of your employees.
We will help to implement appropriate wellness programs and training for your employees.
We can also offer assistance to employees with high-risk disease and behavior.
COBRA, FSA & HSA Assistance
COBRA
At Elevation Benefits
we believe it is critical to stay up to date on local, state, and national affairs.
For groups of 20+ employees we will assist you in setting up an appropriate COBRA
Administration program.
Flexible Spending Account
You and your employees may benefit financially by implementing a Flexible Spending
Account (FSA) program. These plans allow your employees set tax-free money
aside for qualified health expenses. The employer may also benefit by saving
on FICA matches. (Please solicit the services of a licenses accountant or CPA
for advice)
We will assist you
to find an appropriate administrator offering the highest level of service while
keeping administrative costs to a minimum.
Health Savings Accounts
A popular trend
for many business’ is a shift to Health Savings Account (HAS) qualified high deductible
health plans. These plans are very simple and offer a way for you and your
employees to set aside tax-free dollars for qualified health expenses. These
types of programs have gained in popularity because the rate of renewal increases
has been less than traditional health insurance plans.
We will assist you
in setting up the program and locating an appropriate financial institution to manage
the funds.
Retirement Programs
Many employers choose
to provide retirement plans where the employee and sometimes the employer have the
ability to designate tax-free wages for retirement. There are many options
to choose from and we have the experience and expertise to assist you in setting
up the appropriate arrangement.
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