Employee Benefits Broker & Consulting Services Prepared for Try-It Distributing & Subsidiaries June...
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Employee Benefits Broker & Consulting Services Prepared for Try-It Distributing & Subsidiaries June 17, 2015
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Transcript of Employee Benefits Broker & Consulting Services Prepared for Try-It Distributing & Subsidiaries June...
Employee Benefits Broker & Consulting ServicesPrepared for Try-It Distributing & Subsidiaries
June 17, 2015
Today’s Discussion Introductions
About Lawley
Your Healthcare Costs
Managing Transition
Account Management
Communication & Education Resources
Compensation
Next Steps
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Lawley Benefits Group and Try-It
Our role is to partner with you and your stakeholders to ensure your financial, operational, and organizational goals and objectives are met.
We’ll match the right resources for your business so Try-It can efficiently purchase, manage, and deliver health insurance to your stakeholders.
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About Lawley• Family owned – accountable only to our clients
o Relationship Building, Respect & Integrity, Passion, Accountability, Community Partners
• Business Insurance, Risk Management, Workers Compensation, Surety Bonds, Specialty Lines, Personal Insurance
• 350+ professionals – more than 70 dedicated to employee benefits
• Lawley Benefits Group – Expertise in all aspects of employee benefits o Health Insurance, Group Benefits, Retirement Plans, Private Benefits Exchange
• Strong market knowledge, industry relationships and leverage
• Consistently recognized as one of the Top 100 Brokers in the U.S.
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Your Healthcare CostsOur strategies to bend your trend
•Analyses of your entire population
•Benchmark claims data
•Underwriting analysiso Lawley’s underwriting and reporting team
o Milliman actuarial services and reporting
•TPA selection
•Stop Loss marketing
•Cost containment strategieso Consolidation
o Stealth Pharmacy Benefit Management
o Specialty Cancer Care Network
o Medical Captive
o Wellness/Health Management
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Managing Transition – Our ApproachAssessment followed by a systematic process to ensure your goals and objectives are achieved.
I. Comprehensive Risk AssessmentComplete review of your entire employee benefits program to build the foundation for custom solutions.
o Strategic Planningo Identify Opportunitieso Development of Strategic Initiatives & Implementation Plan
II. Alternatives and RecommendationsThe tools, comparisons and benchmark data to develop a strong benefits program.
o Plan analyseso Benchmarkingo Financial analyseso Business Expansion/Acquisitions
III. Implementation and MonitoringExpertise, technology and comprehensive reporting to make informed decisions.
o Strategic Initiativeso Communication and Educationo Plan and Financial Performance
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Account Management
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CONSULTING TEAM SERVICE TEAM FINANCIAL TEAM
Provides leadership and oversight of the account team. Develops strategic initiatives
and cost-control methods. Provides expertise in benefit
strategies and industry relationships. Manages
negotiations, recommendations and
implementation.
Manages financial analyses, claims reporting and
utilization data. Provides specialized analyses and
reporting. Provides funding method analyses, contribution
analysis, benchmarking, trends and premium
renewals.
SPECIALTY TEAM
Provides expertise and strategies to better manage
your benefits program. Coordinates programs and
provides guidance and communication to meet your
benefit objectives.
Judy Kamens, Compliance Specialist
Julie Ciura, Wellness and Health Management Team Leader
Bob Madden, Benefits ConsultantMichael Szymoniak, Benefits ConsultantChuck Allesi, PartnerJohn Berger, Partner
Mary Lester, Client Relationship ManagerSue Bertola-BrownClient Service SpecialistDonna MellerskiBenefits Marketer
Nick Bozich, Senior Underwriter/Team Leader
Staff Underwriters
Milliman
Provides plan analyses, benefit comparisons and
alternatives. Coordinates all aspects of servicing, including
renewals, plan implementation, wellness,
compliance, open enrollment and administrative issues.
Our Services
•Ensure client compliance with federal, state and local laws
•Facilitate understanding and compliance with Affordable Care Act
•Coordinate preparation of Plan Document / Summary Plan Description
•COBRA administration and 5500 filing
•Provide mandatory notices and requirements
•Provide on-going educational training on new and revised federal and state legislation
•Consult with attorneys on legal interpretation of complicated regulations
Your Resources
•Judy Kamens, Compliance Specialist
•Alden Bianchi, Esq. Mintz Levin – nationally renowned
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Compliance
• MyWaveo Interactive benefits, insurance and human resources website
o Compliance and legislative updates
o Employee communication materials
o Health and wellness library
o MyWave Community
• Seminars and Roundtables
• Lawley Benefits U Resource Centero Health Care Reform
o Compliance
o Wellness
o Articulate presentations – interactive learning modules
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Communication & Education Resources
Stakeholder Engagement
• Open Enrollment support
o Customized materials and media
• Lawley Marketplace
o Defined-contribution
o Choice and consumerism
o Online enrollment and decision support
o Benefit resources for stakeholders
• Total Compensation and Benefits Statements
• Wellness and Health Management
o Assigned Wellness/Health Management Specialist, Julie Ciura
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Voluntary Benefits
If you had 10 minutes with each stakeholder, what would you like to say to them?
•Opportunity to deliver message to each stakeholder on one-on-one basis
o Enrollment solution
o Training
o Employee survey
o Company message from leadership
•Products based on stakeholder needs or wants – we can survey
•Tops Friendly Markets Case Study
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Compensation
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Lawley Benefits Group – Competitive Advantages• Lawley is family owned – accountable only to our clients
• Bob Madden and Michael Szymoniak– Lead Consultants for Try-It Distributing
• Financial and Underwriting Team– on staff to provide you with specialized analyses and reporting
• Milliman Actuarial Services
• Market knowledge and leverage – strong relationships and significant book of business with carriers
• Wellness and Health Management team
• Medical Captive – Lawley Proactive Health and others
• Private Regional Benefits Exchange – Lawley Marketplace
• SIIA membership
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Next Steps
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Thank You.
Michael Szymoniak
Benefits Consultant
Lawley Benefits Group
716.849.4347
Bob Madden
Benefits Consultant
Lawley Benefits Group
716.849.1570
