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Now more than ever, organizations are recognizing the value of well-managed employee benefits programs as part of an attractive total compensation package. Faced with increasing costs, these organizations are looking for innovative ways to manage employees’ health and satisfaction while containing costs.
Our role as consultants is to ensure that our clients make the most informed decisions possible, whether they are evaluating insurer rates and services, the value of participating in a volume-purchasing arrangement, or the relative merits of flexible and traditional benefit plans.
BMA’s clients range from sole proprietorships to national associations and leading national employers. Today, our practice offers a wide array of services-from purely core consulting services to highly specialized, value-added solutions.
Our Flexibility
We specialize in providing knowledgeable, innovative advice that assists our clients in meeting their current and long-term insurance and benefit needs. We listen to, understand, and appreciate our clients’ objectives and develop with them the most appropriate solutions. Along with our industry-leading administrative solutions and additional consulting practices, we provide clients and their employees with dynamic and practical approaches to managing their health and financial security. |
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| Group Benefit Solutions |
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Core Consulting Services
- Renewal analysis and negotiation
- Financial reporting analysis
- Policy documentation
- Financial and cost management
- Provide performance management
- Legislative changes
- Provide search and selection
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Value-added Solutions
- Personalized Customer Service
- Traditional and flexible program
re-design
- Strategic plan design review
- Disability management
- Risk and funding analysis
- Benefits bench marking
- Claims audit
- Plan governance reviews
- Quarterly claims reporting
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Today’s typical broker/advisor initiates a relationship by providing a prospective company with a group benefit plan quotation.
- We don’t quote, we audit.
- Accountants don’t make recommendations until they obtain the full financial picture... why do most group insurance advisors claim that they can save a client money before seeing the whole picture?
- Our philosophy is simple: We want to earn your business and provide a valuable service to you, our client.
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The ABPA Approach
Review all aspects of the plan for the client:
- Financial - Review previous 3 years of current carrier’s renewal reports
- Plan Design - Review all documentation including benefit booklets and contracts to ensure the suitability of benefits offered
- Cost Containment - Review cost-efficiency of present plan
- Plan Administration - Review all aspects of administration from the method of premium payments to how claims are administered.
- Written Report - A report is delivered that summarizes the findings of the audit with one of two results:
- The plan is sound and no changes are necessary
- Deficiencies are found with respect to cost, plan design, cost containment, administration or any combination.
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| The next phase consists of meeting with the client and presenting findings, making recommendations and, where applicable, taking steps to implement the necessary changes. |
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