We provide the following services to all our BSI clients:

Strategic Alignment

  • We assist in establishing benefit objectives that align with corporate business objectives
  • We work with our clients to develop strategies to meet objectives
  • We develop action plans to implement strategies
  • We offer advice and recommendations on factors affecting employee benefit plans
  • We coordinate with other practice areas (e.g. Executive Benefits, Retirement Plan Services, Employee Benefit Services, Property & Casualty, etc.)

Financial Analysis

  • We conduct aggressive market analysis when appropriate
  • We negotiate the best value with all current and prospective carriers
  • We review prospective and retrospective costs to analyze plan changes and employee contributions
  • We evaluate the cost impact of plan design changes
  • We review alternative funding techniques that could help reduce cost
  • We provide detailed cost/benefit analysis for recommended plans and alternatives
  • We analyze insurance carrier renewal underwriting and financial performance

Administrative Support

  • We customize services according to the needs of our client
  • We act as liaison with insurance carriers
  • We coordinate all details of coverage transfers to ensure contractual obligations are met and to avoid loss of coverage for plan participants
  • We resolve carrier administration issues including billings and claims
  • We review insurance policies and benefit booklets to ensure accuracy and legislative compliance
  • We review insurance contracts and agreements for accuracy and to ensure that language is in client's best interest
  • We assist in coordinating human resource policy and insurance plan language (e.g. eligibility, layoff, leave of absence, disability, waiver of premium, COBRA, FMLA, HIPAA) to protect the plan from disputes and ensure that policy is administered appropriately
  • We coordinate meetings between client and insurance carriers to review and resolve outstanding issues