Health and Benefits

What to expect from our Benefit Consultants

You will work directly with our professional agents. All of our agents are licensed and trained in the area of employee benefits and posses depth of market knowledge to help our clients deliver competitive benefit plans for their employees. They are continuously being educated on the current trends and legislation in employee benefits and how that may affect our clients.

 

At BrightPath Consulting Services, we take a consultative approach to determining the right plan design for your organization, and we continually measure your plan’s performance. We start with an assessment of your goals; we then develop your employee benefits strategy to make sense within these goals and in relation to benchmarks drawn from multiple data sources. Our ongoing Stewardship Process ensures a proactive checkpoint at a minimum of every six months.

 

Step 1: Client Needs Evaluation

 

Prior to structuring a strategy and plan design, BCS conducts a thorough evaluation of your current corporate climate and benefits. We use various techniques such as interviews, focus groups and confidential employee surveys to get a broad overview of your current situation, including:

  • Short- and long-term goals
  • Forecasted growth
  • Current employee recruitment, satisfaction and retention levels
  • Incumbent program and broker evaluation
  • Projected benefits budget
  • Employee perspectives on the value of current benefits

This evaluation serves as the foundation for setting clear, strategic plan design goals, considering value-added programs, identifying areas of potential cost savings and maximizing employee goodwill.

 

Step 2: Plan Design

 

Based on the results of our Client Needs Evaluation, we work collaboratively with you to make informed plan design decisions with confidence. We’re there to help you stay focused on:

  • Augmenting or removing programs that are working or failing
  • Incorporating effective cost containment strategies
  • Supporting larger goals, such as motivating your workforce or encouraging wellness
  • Choosing benefits that will help attract and retain quality employees

Throughout the plan design process, we work as an extension of your HR team — with open communication, dynamic collaboration and a unified vision for maximum results.

 

Step 3: Market Analysis and Procurement

 

Based on your specific needs and plan design, we implement a customized market analysis to identify potential cost-saving opportunities before moving forward with procurement.

Our resources for this process include:

  • In-house underwriting/financial analysis tools and capabilities
  • Predictive modeling
  • Acquisition/merger analysis
  • Actuarial services for self-funded plan risk analysis and claim projections
  • Decision Master Warehouse™ software for conducting cost/benefit analyses, assessing your company’s past claims experience, and projecting outcomes based on various proposed plan scenarios
  • Industry-specific benchmarking data for showing comparative contributions, plan designs and costs — extremely useful for decision-making

By using these resources to facilitate comprehensive market analysis, organized request for proposal (RFP) services and plan renewal negotiations, BCS helps to keep your procurement on strategy and your costs under control.

 

Step 4: Client Profile

 

To meet your ongoing reference needs and provide a sense of closure after procurement or renewal, we provide you with your own customized Client Profile, a summary of all benefits, eligibility rules, rates, vendor contact information and more.

We update your Client Profile whenever necessary so you always have current information at your fingertips. Your Client Profile also comes in handy as a tool to illustrate historical rate comparisons and carrier trends for future renewals.

Proactive Strategies for keeping you compliant with ACA, HIPAA, Federal and state mandates.

Every organization with an employee benefits program needs a trusted advisor and support system for keeping up with constantly changing HR, financial and insurance industry requirements and regulations.

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Our Human Resources Support

Our goal at BCS is to be an extension of your human resource and benefits team. We thrive to provide you with a first class service model. We are available to answer any questions you might have from claims to legal matters related to your health and benefits or workers compensation.

OUR SERVICES

ACA, HIPAA, ERISA Compliance, Form 5500, Audit and Training

Medical, Dental, Vision, Life and Disability Marketing

Strategic Programs Assessment

Comprehensive Claims and Utilization Data Analysis

Renewal and Placement activities

Voluntary Benefits Services (cancer, long term care, pet insurance, legal services)

Wellness and Employee Engagment

Industry Specific Benchmarking