Benefits Consulting Services

The vendor is required to provide benefits consulting plan has the fiduciary obligation to maintain employee benefits without jeopardizing access to care of quality to its members. 
•    Independent and objective assessment of plan benefits including cost containment strategies and overall optimization strategies. 
•    Expert and objective opinions regarding optimal funding strategies for the plan. 
•    Serve as a liaison to vendor partners and provide oversight of vendor partner performance and ROI monitoring.
•    Deliver innovative programs and solutions with the plan and as to how the plan provides healthcare insurance to its members and retirees. 
•    Monitoring and strategies related to domestic provider utilization and performance. 
•    Perform monthly and quarterly meetings with benefits professionals to review benefit plan performance and strategy. 
•    Provide updates as to relevant legislative and compliance matters as well as overall compliance implementation. 
•    Implementation and communication of new benefits or changes to existing benefits. 
•    Assist in annual enrollment education and communication processes. 
•    Perform annual liability projections and premium equivalent and cobra rate setting. 
•    Provide ad hoc and ongoing plan performance and underlying driver reviews. 
•    Provide member-level support and benefits team-level support. 
•    Transition responsibility: assume responsibility for a smooth transition of responsibilities (including obtaining such records and data as may be required) so that service to the university and participants will continue uninterrupted and efficiently.
- Provides the opportunity to differentiate your company in several key areas, including but not limited to your capacity to:
•    Provide monthly and quarterly utilization reports that measure ROI and claims utilization; 
•    Provide a dedicated account manager; 
•    Offer multifaceted program communications to employees, family members, human resources, and supervisors; and 
•    Demonstrate a history of successful administration of programs for large employers, preferably colleges and universities.