Employee benefits are vital for attracting and retaining top talent — but they’re also one of the top three largest expenses for most organizations. For these reasons, taking a proactive approach to risk management for your group health and welfare plans is critical. Doing so will help you avoid costly financial losses from inefficient plan administration and legal fees — as well as balance the sustainability and affordability of a comprehensive total rewards strategy.
We can guide your organization through these complexities, because we’re not just employee benefit brokers — we’re benefit advisors. We help organizations optimize their benefits programs to effectively manage costs, maintain compliance, identify administrative improvement opportunities, and stretch each dollar further. In other words, we blend a cost-focused approach with a people-focused mindset that allows your organization to spend more effectively, without reducing employee benefits or shifting costs to employees.
Here’s what makes Plante Moran Group Benefit Advisors different from other firms:
- Unlike insurance brokers, we’re not tied to specific carriers or vendors. We avoid “preferred status” relationships involving commissions, overrides, and bonuses that could infringe on independent advice.
- Our partnerships with leading health and pharmacy benefit providers give our clients access to enterprise-level solutions that aren’t usually available to small or midsized organizations.
- We believe in full transparency and disclose all payment arrangements that affect the cost, financing, and administration of your plans. You choose the compensation method that’s the best fit for your organization, whether it’s commission-based, fee-based, or a combination of the two.
Comprehensive services delivered with a personal touch
We’ll help your organization create a plan that provides high-quality benefits and protection for the future, balancing cost, administration, compliance, and employee satisfaction. Our full suite of services includes:
- Cost management solutions
- Plan financing, risk management, and risk transfer
- Underwriting and actuarial support
- Resolution of billing, claims, and eligibility issues
- Compliance support: State and federal
- Vendor evaluation and stewardship
- Benefit renewals and RFPs
- Benefits administration technology and services
- Benefits communication strategies
- Data analytics: Benchmarking against peer organizations through partnership with Springbuk
