Group
Health Insurance and Benefits
As
Broker of Record The Henehan
Company would be eligible to provide services
to your company as follows:
Plan
Design
Plan
design, to a great degree, effects plan utilization and the
ensuing plan costs. Therefore, the broker’s role is
to assist you in plan design prior to implementation or renewal
in order to maintain the optimal mix of benefits and costs.
This would include evaluating Funding Options such as Fully Insured, Partial Self Funding, Fully Self Funded/Administrative Services Only (ASO). Benefit Design includes Consumer Drive Health Plans (CDHP’s) such as Health Savings Accounts (HSA’s) and Health Reimbursement Arrangements (HRA’s). Additionally, plan design would
include such issues as matching and comparing existing provider
penetration and saturation of proposed provider networks.
The health plan should be designed to empower the employees
to take more control of their health care and to use the health
plan in a more cost-effective manner.
Implementation
Implementation
of the benefit product is an on-going event managed and
facilitated by the broker of record. Part of a successful
plan implementation is measured by the ease of initial plan
enrollment and the on-going communication of benefits to
the plan participants.
Administrative
Support Services
Once
the plan is in place, the broker of record provides extensive
support services to both employer and employee.
Acting as intermediary between carriers and client with
regard to clarification of benefits and resolution of
claims problems, the broker can relieve a significant
administrative burden from the staff of the Human Resources
Department.
Plan
Experience Analysis
The
broker of record should provide plan and claims analysis
to the client including recommendations regarding changes
to the plan in order to effectively manage the risk.
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Provider
directories, administrative forms , etc.