Customized Benefits: A Powerful Solution
BEK Resources offers a full range of services to meet the needs of both the employer and the employee. We consult in the following areas and can create solutions to meet the specific needs of each business and their dedicated workforce.
Group Health Insurance
Health coverage is the most common benefit offered by employers, but it’s also the most expensive. The health insurance market is continually shifting to fit the needs of employers of all sizes. In years past, Self-Funding was not available or even considered for groups with fewer than 100 employees. Today, carriers have Self Funded and Level Funded products down to smaller groups, allowing them to break away from the constructs of fully insured plans. For larger employers, considering payment methodologies like reference-based pricing can be a viable cost-containment solution and a more strategic approach to manage claim spend. Our experts will be able to guide you through the different options and platforms for your group’s coverage.
Group Ancillary Benefits & Worksite Benefits:
Ancillary products such as Group Vision, Dental or Life insurance are a powerful compliment to a benefits package, supporting a whole-body approach to health and wellbeing. Worksite Benefits are a cost-effective solution to help employees offset out-of-pocket medical expenses. These benefits are employee-paid and can help your employees fill the gaps created by high deductibles and rising copays, providing the financial security they need and deserve.
Bek Resources Can Offer the Following on a Group-Sponsored or Voluntary Basis:
Dental Insurance
Affordable way for employees to control or reduce dental care expenses
Hospital Indemnity
Reduces employees’ out-of-pocket expense for hospital stay
Critical Illness/Cancer
Bridges the gap between traditional medical coverage and disability
Long-Term Disability
Type of insurance policy that can provide financial benefits to an employee who is unable to work for a long period due to an accident, illness or injury
Vision Care
Reduces employee costs for eye exams, prescription eyewear and other services provided by eye care professionals
Accident Insurance
Helps with out-of-pocket costs that health insurance may not cover for injuries due to an accident
Short-Term Disability
Provides income protection if you’re unable to work for up to six months due to severe injury or illness
Short-Term Disability
Provides income protection if you’re unable to work for up to six months due to severe injury or illness
Compliance and Regulatory Services
HR professionals are constantly reacting to new regulatory challenges. The legal and regulatory landscape is complex but can be managed. We’ll work with you to develop a compliance and reporting strategy that will help you steer clear of costly penalties.
Federal & State Employee Benefits Legislation
Welfare Benefit Strategic Planning
ERISA
Internal Revenue Code
Aca Mandates, Reporting, Penalties & Taxes
Third Party Administration
Plan Sponsors spend valuable resources designing their health care benefits to ensure that the costs are being properly controlled. Expert administration of the program can safeguard against unnecessary expenditures in plan management.
Benefit Audits With Discrepancy Reports
Single Point Billing and Invoice Reconciliation
Dependent Audits and Collection of Eligibility Criteria
Guidance to Claims Adjudication Procedures
Employee Benefit Services
Employee Benefits Administration
HR technology platforms are changing the way companies look at employee benefits management. We can implement solutions with powerful HR technology platforms to:
- Improve Efficiency in Recruitment and Retention Efforts.
- Automate Tasks for Increased Time Management and Productivity.
- Generate Reports to Gain Insight Into Program Performance.
- Optimize Employee Self-Service and Learning.
Employee Benefits Automation
Human resource information systems (HRIS) and human resource management systems (HRMS) help benefits teams streamline everyday management tasks with full integration into larger systems including payroll, HCM, carriers and TPAs. This connectivity can eliminate time-consuming duties throughout the enrollment management experience.
Have any questions for us? Contact us today!
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