Benefit Assesment Services
“BY MAKING THINGS COMPLEX, WE ONLY IMPRESS…..OURSELVES”
BAI SELECT TAKES PRIDE IN SIMPLIFYING THE PROCESS
Insurance Benefit Assessment Services
We will work closely with the client gathering information to understand their current benefit package. In this process we do a great amount of listening and learning. Our objective is to enhance the employers benefit package with no additional employer dollars.
Traditionally, employer-sponsored benefits were the main concern in a benefits program. However, with the rising cost of health care and scaling back of coverage the employer’s dollars going towards this benefit are becoming less valued each year by employees. Voluntary benefits are becoming more widely used to enhance the overall benefit package.
It is critical that the entire benefit package including core and voluntary work together and do not overlap creating excess premium for duplicated coverage.
BAI Select will assist the benefits broker and employer through this process with simple to understand methods.
Key points to consider in this process
- Employer’s benefit philosophy
- Current core benefit package
- Benefits budget
- Cost sharing with employees
- Employee perception of current package
- Addressing needs to fill gaps in package
- Strategies to implement improvements