Small Business Employee Benefits
For a small business, shopping for group health insurance is more difficult now than ever. The Affordable Care Act has introduced an array of benefit and pricing variables that make it difficult to find the right plan for you and your employees at a price you can afford. Add to that the host of new compliance regulations, tax-related products and guidelines, wellness programs and funding methods and, well, managing benefits can be a full-time job! At RMJ Custom Benefit Solutions, our team of experts can help you sort through these complexities to design a benefit program that’s the right fit for you company. Our vast array of internal resources coupled with strategically chosen vendors allows us to craft a strategy that will not only work for you today, but for years ahead as well.
Large Employee Solutions
Large group employers require consultants to think “outside the box” when designing an employee benefit package. The same package that works for one company will not be the correct fit for another firm. Tailoring a benefit strategy to fit each unique client is our specialty. Utilizing innovative and cost-efficient benefit solutions, combined with the proper funding method, benefit administration technology, compliance resources and carrier relationships, we can design a comprehensive program designed specifically around your needs and those of your employees.
Your priority should be managing your business. Our focus is simplifying the complexities of employee benefits for you. A partnership with RMJ Custom Benefit Solutions means you can easily achieve your benefit objectives without negatively impacting the growth and success of your business.
Focusing on a full spectrum of consulting services, our expertise includes benefit and renewal planning, carrier rate negotiations, compliance assistance, employee communication and cutting edge benefit administration technology, all designed to maximize the competitiveness and value of your employee benefit package.
Ancillary Benefit Programs
Ancillary benefit programs, when designed properly, provide employees with the ability to fill any needed gaps in coverage at rates lower than what they would be able to obtain on their own. Additionally, by offering products and services like critical illness insurance, hospital indemnity insurance, life and disability insurance, long term care insurance, dental and vision insurance, pre-paid legal and stand alone wellness, businesses can increase employee morale, productivity and work efficiency all increase…enhancing the firm’s growth and competitiveness.
Every year, businesses are faced with a renewal deadline for their group benefit programs, allowing them an opportunity to perform a thorough review of each plan and making revisions, when necessary. Strategic planning for the renewal process is critical, as it can assure that the benefits offered by the company are the proper fit for the needs and circumstances of both the employer and employee.
We begin preparation for each renewal year several months in advance, formulating a strategy with you based on a review of the latest market products, innovations and trends, along with your firm’s objectives. From this plan we negotiate with several leading carriers to obtain the benefit package that best suits your vision and your employee’s needs, at pricing that works for you.
Health Care Reform / Compliance Guidance
The complexity of regulations that impact employers as a result of the Affordable Care Act, IRS and other employee related legislation can be a tremendous burden carrying stiff penalties, fees and interest for non-compliance. On top of that, rules and regulations are constantly changing from year to year, requiring an on-going, regular review of practices. Our team of experts can help you develop an effective strategy for maintaining compliance in a way that allows you to progress toward your business goals.
Understanding the Coding of Health Plans from MEC to Metallic
Choosing the right insurance plan for you (and your family) is not an easy task. The Affordable Care Act (ACA) has introduced major changes to the way carriers traditionally marketed their health plans to the public and introduced a volume of new terms, requirements and complexities, many of which may sound confusing to the general public. From terms like “minimum essential coverage” to the various metallic plan categories of Bronze, Silver, Gold and Platinum, a solid foundation of knowledge is essential in order to find the coverage required at an affordable price.