evolvHR offers a broad spectrum of
employee benefit related products and services:
•Group Medical Coverage
•HSA – Health Savings
Accounts
•Fully Insured and
Self-Insured Plan Designs
•Group Dental Insurance
•Group Vision Insurance
•Group Life / AD&D
•Group Short-Term (STD)
•Group Long-Term (LTD)
Insurance
•Voluntary Employee Benefits
•Travel Insurance
•Group/Individual
International Coverage
•Employee Assistance Programs
(EAP)
•Section 125 / Cafeteria
Plans
Premium Only Plans (POP)
Flexible Spending Accounts - unreimbursed medical
Child and Adult Dependent Care
Sec. 132 Transportation Plans
•Employee Benefit Statements
•Development of Employee
Benefit Guides
•COBRA and HIPPA Compliance
•ACA Reporting
•Wellness Programs
Employee Benefits Planning & Administration
evolvHR will introduce effective strategies to control
your healthcare costs, achieve appropriate communications
between all parties, and provide the highest level of customer service.
evolvHR will also offer additional administrative services,
including COBRA Administration and Total Compensation Statements. Lindsey
Business Group will work towards identifying and remedying areas of
potential compliance exposure, to prevent unnecessary fines and legal
troubles. We will provide the necessary materials to communicate and
distribute to your employees, who will in turn, understand and appreciate
the benefits you provide.
Strategic Benefits Planning
Competitive employee benefits packages are essential for attracting and
retaining quality employees. The rising cost of health care is driving up
premiums and putting these benefits at risk as budgets get squeezed. Cutting
benefits may seem like a necessary reality for some companies, but doing so
can have serious long-term consequences.
Retaining employees throughout these rocky economic times is vital. Experts
are predicting substantial exodus of employees to other companies based on
their perceptions of their current employer. How you treat your employees
now can significantly impact how your company remains competitive once the
economy rebounds. By conducting a Strategic Benefits Plan, Lindsey Business
Group can help you find ways to contain or even cut costs while still
offering competitive benefits.
Employee Benefits Review
We will conduct a thorough review of all benefits and determine how they fit
into your corporate goals and objectives. In addition, Lindsey Business
Group will review of each type employee benefit to confirm its
competitiveness in the marketplace. We will create in-depth comparison
charts of alternate Carrier options for decision analysis.
Benefits Planning Process
After many years of providing employee benefit programs for numerous
clients; evolvHR has developed a process to target your needs
and those of your employees. Our experienced professionals leverage this
process to gain a thorough understanding of your business and identify your
distinctive requirements. The result is that we can provide you with the
most innovative and cost-effective solutions.
Needs Assessments
(Timeframe: 3 to 4 months prior to renewal date)
Review corporate goals and financial objectives related to benefits
Gather all information and data, including employee demographics,
claim history, etc.
Identify benefit design requirements and administrative needs
Jointly develop short and long term goals
Set forth dates and times for managing the upcoming renewal
Analysis
(Timeframe: 60-90 days prior to renewal date)
Prepare & review industry specific benchmark, if available for
ABSOLUTE BUILDERS industry type
Review prior plan’s financial performance
Review renewal benefits and plan design
Send RFPs to alternative insurance carriers
Identify plan design alternatives
Identify alternative funding options, HRA / HSA, and self-insurance
Prepare Custom Plan Design
(Timeframe: 45-60 days prior to renewal date)
Analyze plans received from insurance carriers
Present marketing results, evaluations of alternative plan designs,
financial analysis and funding solutions
Present industry comparisons
Select plans
Negotiate offers with insurance carriers
Plan Implementation
(Timeframe: 20-45 days prior to renewal date)
Review administrative materials and procedures
Review the accuracy of employee booklets, plan document, master
contract and initial premium statement
Prepare and/or review employee written communications
Prepare employee benefits summaries
Conduct employee communication meetings
Employee Benefit Support Services
As a valued employee benefits customer our clients will receive the highest
level of customer service and support. We feel strongly about giving back to
our clients through exceptional customer support, expert planning, and tools
to help with administration.
Here is a sampling of our employee benefits related services:
Assist employees with understanding their benefits
COBRA Administration
Federal Compliance Assistance
ERISA
HIPAA
Health Care Reform
Creation of employee communication materials
Open Enrollment
Year-round handouts
Online Enrollment & Consolidated Billing Support
Includes private healthcare marketplace
Financial modeling of employee benefit program
Decision tools for employees
Reporting functions
Online benefit administration services provide a more manageable,
simplified, and flexible employee benefit enrollment
process.
Customized Rules-Based Enrollment Platform
Carrier Systems Integration
Payroll System Integration
Employee Paperless Self-Service Web Access
Enrolling employee benefits including medical, dental, life,
vision, prescription drug, disability, retirement, FSA, HSA, and
more
Includes voluntary benefits individually selected by employees,
such as disability income, long-term care, pre-paid legal, etc.
HR Management & Reporting Website Access
Employee email communications directly through the system
Automates all enrollment processes such as Benefit Credits, Guaranteed
Issue, Evidence of Insurability, and Beneficiary Management
Eliminates costly printing of ERISA and other documents such as Summary
Plan Descriptions, Employee Handbooks, claim forms, and benefit
booklets, etc.
Allows existing employees to enroll in their benefits during open
enrollment or to create qualifying events after open enrollment and new
employees to sign-up during their new-hire enrollment period
Determines employee eligibility and calculates benefits & costs
based on your specific benefit rules
Show your employees the real value of working for your
company...