Benefit CONSULTING: Plan Design
At Hanratty & Associates, our benefit planning process begins by listening to you, understanding your program objectives, and establishing priorities to help you meet them. We’ll conduct an assessment of your current program and perform a thorough analysis of cost and demographic comparisons, health plan trends and available programs. Then we’ll help you determine if a redesign or a replacement strategy is appropriate and share our expertise in creating a comprehensive and strategic plan.
Achieving a balance between cost and value is important when designing an employee benefits plan. We will look closely at the types and levels of benefits you need as well as your existing probationary periods, eligibility requirements, employee contributions, flexible benefits, and member participation.
You’ll get advice on the best programs for your employees and plan participants based on employee demographics, benefit trends, financial considerations, current insurance market, and legal regulations.
Because Hanratty & Associates has affiliations with all of the major insurance companies and health plans, we are able to conduct a thorough analysis by carrier. You benefit from our experience and professional associations.
Our benefits consulting services don’t end with the design of your employee benefits plan. Throughout our relationship you receive guidance every step of the way—from the bidding process through enrollment. In addition, we maintain communication with you and your employees, whether it’s to inform you of the latest Health Insurance Portability and Accountability Act (HIPAA) change or to update employees about the appropriate way to submit a claim.