Helping small business owners design employee benefit program that control the cost of their employee benefit program
My message to you is that an employee benefit plan can be affordable.
To guide you along, I've created a special program called The Benefit Optimization Process™;. It's a three step process that helps you design and implement an employee benefit plan that saves you time, energy and money.
Assessing appropriate quality of coverage is the first step
- Understand the needs, desires, and expectations of various segments of your workforce.
- Research the benefits offered by your peer employers.
- Perform a gap analysis and prioritize changes that are consistent with the objectives and strategies of your benefit program.
- Step two is developing a risk sharing strategy
- Identify what risk sharing protocols are presently in place.
- Identify opportunities for risk sharing within your employee benefit plan.
- Perform a gap analysis and prioritize changes that are consistent with the objectives and strategies of your benefit program.
Step three is managing your suppliers
- Unbundling irrelevant products and services,
- Reviewing the pricing components of your benefit program (fees, markup, reserves, and guarantees).
- Using specialty suppliers who provide best in class products, services and prices.
The Next Step …
If you are interested in designing and implementing a benefit program that makes good business sense, we offer a free 90-minute starter session.