Life and Disability benefits may not have the same pricing impact to practices like medical and pharmacy coverage, but they are just as important to the family who lost their only source of income. Often overlooked, non-medical benefits provide additional protection for your employees, their families, and their way of life. Our team can help your practice structure a non-medical benefit program, selecting the right mix of coverage and different benefits for your staff. These benefits can be Voluntary (Employee-Paid) or Employer-Paid, and include:
- Dental Coverage
- Vision Coverage
- Life and Disability Insurance
- Accident, Critical Illness, Cancer Coverage, and other Voluntary Worksite Benefits
- Identity Theft Protection
- Pet Insurance
- Student Loan Refinancing and Repayment Programs
- Employee Assistance Programs (EAP)
- Flexible Spending Accounts (FSA)
- and more!
As practices are increasingly forced to compete with larger corporate-owned hospital groups to attract and retain talent, non-medical benefits are playing a more important role in offering a competitive benefit program. On average, practices are offering the following benefits to their doctors and staff:
Strategic Plan Design Consulting
Our comprehensive review will identify opportunities to enhance your current benefits package. Whether it’s cost reduction, increasing the competitiveness of a benefits package, offering different benefits to different employee-classes (doctors vs. staff), or harmonizing the overall total rewards offering for employees, we partner with our clients to help them achieve their benefit plan goals.
Contract Review and Analysis
Ensuring the accuracy of carrier contracts and provisions is critical, particularly as a new plan is being implemented. We provide a thorough review of all carrier contracts and Summary Plan Descriptions (SPDs), including written recommendations to assist your practice in writing or updating your SPDs. When moving to a new carrier, it is also crucial to ensure that all contract provisions are accurate and reflect the final plan provisions.
Arguably the most critical aspect of a successful program is implementation, which is one reason why our dedication to our clients’ plans does not end with the RFP (quoting) process. We are fully engaged in the implementation process, monitoring the carriers’ progress, confirming that the final plan design and rates are accurate, and assuring performance guarantees are executed when appropriate.