A: It’s best practice to go through a broker selection process as far in advance of your benefit plan renewal date as possible.
A: That’s where we come in! There are many strategies used to reduce benefits costs while maintaining a competitive benefits package. To begin, we will reevaluate your current benefits package. Let us identify the most valued benefits, eliminate unused benefits, and evaluate whether offering a tiered benefit package based on factors like tenure or salary would be beneficial. Let us also explore cost-sharing options like plans with higher deductibles, Health Savings Accounts, and Flexible Spending Accounts.
A: The following methods can be used to measure employee satisfaction with your company’s benefits package: Employee surveys, focus groups, exit interviews, benefit utilization data, employee engagement surveys, and benchmarking Let’s talk about where to start!
A: As your broker, we keep up to date on all federal, state, and local laws that affect our clients’ benefits. Our team of experienced benefits advisors and HR professionals are well versed in key benefit laws including ERISA, ACA, COBRA, FMLA, and ADA. We also help ensure you have well documented policies and procedures. It’s imperative that employees receive annual communication about these policies and their benefits. We partner with our clients to provide copies of required benefits documentation including Summary Plan Descriptions, ACA Notices, and COBRA Notices.
A: We want to introduce you to Employee Navigator! Even groups under 50 can enroll paperless.
A: That’s what we love to do! Our passionate team of experts have been navigating the benefits enrollment and claims process for our clients for over 25 years. Let us take this off your plate as your broker so you can focus on other important matters for your business.
A: Yes! These are often our favorite items to prepare and review with clients. Understanding how your employees use the benefits your offer is key to making decisions on adding, removing, or adjusting your employee benefits package.
A: We keep up to date with trends across the benefits arena so we can make the most informed recommendations to our clients. adjusting your employee benefits package.
A: We offer a 5-pronged approach rooted in education as the primary tenant, to managing employee benefit programs. We focus on client relationships, staying up to date on industry trends, conducting regular benefit needs assessments, offering comprehensive benefit solutions, and providing exceptional client support.
A: Yes! In fact, that’s what makes us unique here at UFG Benefits. We offer comprehensive employee benefit services through UFG Benefits, but are also partnered with UFG Advisors where we can enhance your employee benefits plan with a suitable group retirement plan.