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HOW WILL WISE FINANCIAL GROUP HELP ME CONSIDER AND IMPLEMENT
A GROUP INSURANCE PROGRAM?
- Discuss with you the goals and concerns you have as the employer
and provide you with the choices of benefits available and help
you determine which benefits you wish to provide your employees.
Also, if the employer wants we can conduct a confidential employee
survey as to what benefits are most important to your workforce.
- Discuss the various options you have with respect to benefits,
and help you custom design a plan and make recommendations.
- Alert you to cost containment measures that can be implemented
at the start of the program to provide you with future protection
against escalating costs with respect to claims exposure and
inflationary pressures
- Obtain quotes from our various group insurance providers
for at least two different plan designs to help you see the
costs for various benefits which we will discuss with you, and
will help you see more clearly the benefits you want to offer
- Once final plan design is agreed upon provide this information
to the carriers to obtain final quotes
- Provide a spreadsheet to you comparing cost and benefits
of the various options available from the different companies
- Recommendation of preferred carrier
- Review the contractual obligations of the plan with you before
it is implemented
- Once the group insurance carrier is determined we will help
you with all the paperwork involved to implement the program
- Offer an optional employee seminar to familiarize the employees
with their group benefits, administration procedures, and measures
they can take to help control costs of the program
- Meet with the group administrator to go over all procedures
and help them register for computerized administration if this
alternative is selected
- Perform introductory service calls to new enrolees to explain
the benefits that are covered, procedures to follow and provide
our contact information if they have any problems or confidential
questions
- Meet with employer every year to discuss group renewal and
determine if any changes are needed
- Assist with continued administration of the group
- Conduct a thorough market survey at employer's discretion,
for instance every 3 or 5 years to confirm that the current
carrier is remaining competitive both economically and benefit
wise for our clients.
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