S. Yale Ave, Suite 601 Tulsa, OK Phone Employee Benefits Consulting and Brokerage Services

Transcription

1 S. Yale Ave, Suite 601 Tulsa, OK Phone Employee Benefits Consulting and Brokerage Services

2 Benefit Plan Strategies (BPStrategies) is a comprehensive consulting and brokerage firm that specializes in group medical and other welfare benefit plans. BPStrategies is an owner of United Benefit Advisors an alliance of the nation s premier benefit advisory firms with the revenues that place it in the top 3 benefit provider groups in the country. BPStrategies delivers technical analysis, compliance evaluation, as well as quality products and services to help businesses navigate the rough waters of the employee insurance industry. BPStrategies focus and expertise has been building strong relationships with our clients to provide an unparalleled service and value experience with best-in breed products and knowledgeable staff locally and nationwide.

3 Key Questions Are my benefits a good value? Do I have the right plan design? Do our employees appreciate the plan? Are our plans in compliance with regulations? What is the future of employee benefits? Are my benefits a good value? Are you sure?

4 James F. Consedine, II MPH - President Active in insurance industry since 1985 Emergency paramedic for 6 years while attending college and graduate school Received a Bachelors of Science degree from the University of Vermont Masters degree in healthcare administration from Yale University Active in many community and church organizations Licensed instrument aircraft pilot, certified scuba diver Glen Mulready Broker / Consultant Active in insurance industry since years in executive leadership with Oklahoma s two largest health insurance companies Past President of Oklahoma State Association Health Underwriters Past President of Tulsa Association Health Underwriters Frequent public speaker on healthcare and insurance related issues Elected to Oklahoma House of Representatives in 2010: Oklahoma House District 68; Re-elected in 2012 Co-Chair for Joint Committee on Federal Healthcare Law in 2011

5 Team Members Clients are assigned a dedicated account manager who is supported by professionals experienced in their respective roles. The BPStrategies account managers each have a minimum of 15 years experience in the employee benefit arena. BPStrategies has an internal marketing department dedicated to a comprehensive search of employee benefit products from all possible sources. Their experience and quality drive the delivery of value and quality for your employees.

6 National partnership of 145 advisory firms with 2300 employees in over 200 offices Central employees in Indianapolis creating new and valuable tools every day Strength of a national network Shared experience, tools, and wisdom Up to date technology, product concepts, and legislative changes

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8 Affiliations Performance Resources Stoploss Analyzer

9 United Benefit Advisors As an owner of United Benefit Advisors (UBA), Benefit Plan Strategies (BPS) joins one of the nation s largest independent benefit advisory firms in the nation. UBA is a unique community of more than 140 of the most successful and trusted independent employee benefit advisory firms in North America and Europe. Our affiliation and ownership of UBA is a symbol of the level of respect we enjoy among our peers. Through BPS s membership with UBA, we remain on the cutting-edge of trends, technology and legal issues that affect our clients. Company Revenue Marsh & McLennan Cos. Inc. 1,664,080,000 Aon Corp. 1,012,950,000 United Benefit Advisors 403,317,000 National Financial Partners 370,407,206 USI Holdings 352,494,000 Arthur J. Gallagher & Co. 325,820,070 Wells Fargo Insurance Services, Inc. 263,518,000 Willis Group Holdings Ltd. 225,130,000 Brown & Brown Inc. 191,268,213 Lockton Cos. L.L.C. 164,302,600 Calendar Year 2011 Figures Released July 2012

10 Marketing Services Benefit Plan Strategies actively markets to over 35 Medical / TPA / PBM s and to over 65 Carriers for the ancillary products (dental, vision, life, worksite, etc.). The carriers listed below are UBA Strategic Partners. The benefits of working with a UBA Strategic Partner includes access to additional discounts and direct access to a Vice-President level executive should issue arise that requires immediate and/or high level resolution.

11 Benchmarking The 2012 UBA Health Plan Survey is now available Take off that Blindfold and see how your benefit package ranks compared to those of your peers. Through advances in technology and the commitment of thousands of employers and benefits professionals throughout the country, the most comprehensive health plan benchmark data is now available. About the Survey The 2012 UBA Health Plan Survey contains the validated responses of 17,905 health plans sponsored by 11,711 employers. This unparalleled number of reported plans is 2.5 times larger than the next three of the nation s largest health plan benchmarking surveys combined. Wellness Programs and Components 73.1% offer a health risk assessment 65.6% offer incentive awards 56.8% offer physical exam / blood draw 56.9% offer coaching 47.6% offer seminars/workshops 57.6% offer wellness web portal option 25.4% offer other benefits Benchmarks allow employers to gauge a wide range of factors: Are company premiums above or below the norm? Are the levels of contributions we require our employees to pay in line with our competitors? Are copays, deductibles, coinsurance, and out-of-pocket maximums for our plans comparable with national averages? How do our annual premium increases measure up against other employers in our area? How do our prescription drug benefits compare? Are we in step with the cost-containment strategies being implemented successfully by other companies in our industry?

12 BPS Marketing Department Benefit Plan Strategies has two full-time staff members in the Marketing Department. By separating the marketing from the account management our marketing staff is able to focus entirely on the very important process. Starting 120 days or more prior to the renewal date our dedicated marketing staff ensures the following steps are never overlooked: Requests for proposals are sent to all appropriate carriers Following up with all carriers to make sure quotes are received in a timely manner and accurately reflect requested information Comparing the proposed medical, dental, and vision networks to the current network Analyzing the quotes in detail to: Highlight any benefit differences between current and proposed benefits Confirm all quotes meet the minimum mandatory benefits required by Healthcare Reform Participation requirements are in line with current group participation Eligibility requirements match current group eligibility Cost sharing requirements match current Highlight any proposed lasers on self-funded quotes

13 MyWave TM HR: Your Electronic Human Resource Assistant Documents on Command Provides instant access to a library of Downloadable articles covering a variety of topics Legislative Guides Complete guides include COBRA, HIPAA, HIPAA Privacy, Section 125, and FMLA Resources Resources provides useful links and articles to industry-related Web sites

14 MyWave Sample Homepage

15 HR Support Tools Sample Gen4 Employee Pages

16 HR Support Tools HRInsider This UBA exclusive online web portal provides a wealth of benefits and employment compliance updates and forms from Fisher & Phillips LLP, one of the nation s top labor law firms. Legislative content is written and approved by national law firms with real guidance not just short summaries and links to government websites Compliance booklets written by Fisher & Phillips, provide a complete overview of major benefits laws Industry news from a wide variety of sites and sources are updated daily Employer Webinar Series Sponsored by UBA and the law firm of Spencer Fane Britt & Browne, LLP, these webinars can educate your staff on the latest changes to the law and help keep your company s compliance efforts on track. Legislative content is written and approved by national law firms with real guidance not just short summaries and links to government websites Compliance booklets written by Fisher & Phillips, provide a complete overview of major benefits laws Industry news from a wide variety of sites and sources are updated daily Upcoming Seminars: April 12 th Employer Issues in the Wake of Healthcare Reform May 1 st ADAAa (Americans with Disabilities Ace Amendments Act) June 14 th HIPAA / HIGHTECH

17 HR Support Tools Online Enrollment System Through our partnership with UBA we have a unique relationship with benefitsconnect. benefitsconnect streamlines the enrollment process by: Enabling efficient data-sharing and transferring of information to any third party who can accept electronic files Producing online employee benefit statements Allowing documents, such as SPDs or benefit overviews, to be uploaded for employees to access any time Includes a modeling component to calculate benefit costs during the enrollment process Integrating benefit election data with existing internal systems, such as payroll, HRIS and other corporate accounting and management systems. Producing vendor billing information Maintaining a chronological transaction log vital to the integrity and accountability of any benefits administration system Gen4 Systems Gen4 allows us to offer a complete A-to-Z human resource management system. Through Gen4 you can: Track employee information from basic demographic data and emergency contact to employee disciplinary issues Track full dependent information Import / Export benefit elections and per pay period costs to payroll vendor Employee communication center Frequently Asked Question center Joint issue resolution center with BPS

18 Policy & Benefit Information Plan documents Seamless integration into your Gen4 Agency plan management system Plan info, rates, eligibility Comparative plan benefits

19 Benefit Plan Strategies Claims Resolution Putting People First BPS Account Managers have employee benefit and plan information at their fingertips, resulting in prompt and accurate responses to all benefit questions. When members call in with issues, an inquiry is logged; members then receive regular updates on the status of their outstanding claims until the claim has been resolved. Each Account Manager has a designated back-up Account Manager. Their schedules are arranged so at least one Account Manager is always available. BPS has been very involved in resolving difficult claim issues. We have gone so far as to attend appeal hearings with the member to fight on their behalf.

20 Benefit Plan Strategies Claims Resolution Sample Claims Log

21 Employee Communications and Education Through multiple sources Benefit Plan Strategies can provide pre-formatted fill in the blank documents including: Benefit Announcements we have memos, flyers, payroll stuffers and articles for you to use to announce and explain current benefit offerings. Consumer-Directed Health Care Resources Empower your employees to take charge of their health and medical care. We have everything you need to do so. Monthly Newsletters Keep your employee body healthy, well and safe with our monthly Live Well, Work Well newsletter. Flyers are also available for targeting specific health conditions. Retirement Education ensure your employees are financially fit and ready for retirement with our Savings Fitness flyers.

22 Wellness Tools HRA Healthy Living Programs Disease Management On-line seminars Interactive Condition Management Incentive Tracking Wellness Coaching Optional Nurse line Disease Management Biometric Screenings Healthy Living Programs Healthier Diet Weight Loss Get in Shape Smoke-Free Stress Relief Healthy Aging Diabetes Prevention Cancer Fighting Healthy Heart

23 Rx Cut Plus Discount Card Free discount card that employees can use to obtain discounts on prescription drugs, lab work and imaging services. Accepted at more than 54,000 pharmacies and 4,000 lab / imaging centers nationwide Unlimited use Label Name Retail Price Plan B Savings % Savings Lamotrigine Tab 150 MG $ $12.45 $ % Cyclobenzapr Tab 10 MG $45.99 $7.97 $ % Fluoxetine CAP 20 MG $37.99 $8.72 $ % Amlodipine Tab 5 MG $21.99 $8.52 $ % Alprazolam Tab 0.25 MG $17.99 $8.00 $ %

24 Sample Documents