Benefit Strategy and Brokerage
Bloom Benefits understands that your company health benefits are an essential part of your total reward offering and that you want ideas on how to support the business in this area while also managing cost.
Through my extensive knowledge and networks I can help your company navigate the proposal development process, conduct analysis on benefit carriers and plans and secure the best solutions, pricing and service from health and benefit vendors.
To develop a plan that’s right for you, I start by simply taking the time to get to know you and your company. I focus on strategically planning around your needs including plan design options, competitive benchmarking and employee contribution strategies. I review your vendors and help you determine whether competitive bidding is appropriate for you, and I’ll provide you with funding options based on your cash flow objectives and risk tolerance.
Regulatory Compliance
I recognize the need for your company to stay up to date and compliant with ever changing health care legislation. Bloom Benefits is committed to assisting your company achieve total compliance and understanding of benefits-related legislation and regulations.
I work with you to keep your welfare benefits programs in compliance with all applicable government regulations. This process involves us:
- Conducting an audit to ensure compliance with regulatory requirements
- Making recommendations based on the results of the audit
- Implementing our solutions
- Working with you regularly to ensure timely updates to your plans, documents and processes as new regulations emerge
Ongoing benefits compliance services include:
- DOL & IRS compliance/tools
- Compliance audit
- ACA compliance and reporting
- Plan documents and SPDs
- HR assistance
- Legislative changes notification
- Newsletters/seminars
Employee Benefit Communications and Education
I want your employees to understand and appreciate the portfolio of benefits being offered to them. To deliver substantial results for your employees, a strong communication foundation must be established. By educating your workforce on the advantages of their benefits program, I can help deliver the most valuable insights on healthcare utilization.
Often employees do not fully understand their health benefits and therefore do not take full advantage of them. To better facilitate your employees understanding of their health benefits I communicate and educate employees about their benefits not only at open enrollment but throughout the year. I can provide benefit information and materials to employees so that they can better manage their benefits and maximize what’s being offered to them. A personalized approach means that I am available either in person or by telephone within 24 hours so that your questions and your employees questions can be answered in a timely manner.
Bloom Benefits also knows that health care costs are a real concern so I can partner with you to educate employees on how to use their health benefits effectively so as to reduce costs for the individual and employer.
I develop and implement employee communications plans that help your employees realize the full potential of their benefits. I use a variety of tools and technology to make your job easier. These include:
- Customized communications strategy
- HR and benefits branding
- Benefits guide
- Enrollment materials
- Newsletters
- Total compensation statements
- Online library of HR and employee benefits materials
Specialty Health and Wellness Benefits
In addition to helping navigate core benefits Bloom Benefits can also provide advice and strategic direction on specialty benefits including voluntary benefits, executive benefits and company wellness initiatives. Specialty benefits can provide your company with a leading edge, attracting greater talent and increasing your competitiveness in the market. Company health and wellness initiatives demonstrate a commitment to health and wellness in the workplace and can reduce health care costs and increase employee productivity and satisfaction.
With extensive experience in the specialty benefit arena I can assist you in building a specialty benefit portfolio that meets the needs of your company.
Wellness is “a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity,” according to the World Health Organization. Achieving overall wellness is crucial for living a higher quality of life, subduing stress, reducing risk of illness and ensuring positive interactions with others.
There are several dimensions of overall wellness. Bloom Benefits ensures that your benefits package addresses the most important ones:
- Physical
- Emotional
- Financial
I work either independently or with your carrier to match your business with free or cost-effective programs that help your employees improve these 3 key areas of wellness, plus their overall well-being. This leads to a happier, healthier, more productive workforce.
Benefit Implementation, Integration and Support
My focus on customer service is evident in the initial and ongoing support that Bloom Benefits is able to provide. Once you select your health benefit plans and carriers I partner with your company to ensure smooth implementation of your new benefits and integration of carrier systems with your current internal systems and processes.
Bloom Benefits also provides full service benefit support to your company for all participant enrollments including open enrollment and new hires. I will also notify carriers of terminations and provide assistance with deduction reports, billing and submission of material to carriers so as to reduce the administrative burden on your company.
Advantages of Using a Benefits Broker
- Control health care and other benefit costs
- Build a benefit portfolio that attracts and retains talent
- Reduce administrative costs and burden
- Reduce financial and regulatory risk
- Improve health and productivity of employee population
- Secure the best solutions, pricing, and servce from health and benefit vendors