BTA Benefits Plans

Overview Plan Design Communication BenefitsReview.com

BTA consultants use a 7-step process to design benefit programs for our clients:

Step 1: Information Gathering

BTA's goal is to offer you the best possible fact-based advice on benefit plan design, financing, administration, communication, and compliance issues. In order to achieve this goal, we listen and learn from you about:

• your products, services, customers
• the demographic make-up of your work force
• the details of your current benefit plan; what works, what doesn't
• benefits expectations from your employees
• your financial objectives and goals for the short- and long-term
• your human resources objectives and goals for the short- and long-term
• your corporate culture
• your tolerance for risk
• the role your benefits play in recruiting and retaining talent
• your administrative and decision-making processes

Step 2: Analysis of Current Plans

Next, we conduct a thorough analysis of your current plans including:

• plan provisions
• limitations and exclusions
• funding arrangements
• claims history
• plan expenses
• contribution methodology
• cost containment features
• provider networks
• employee eligibility
• enrollment and plan participation
• employee communications
• plan administration
• compliance

At this stage, we combine the results of the analysis along with information gained from our initial meeting with you to:

• identify areas of concern and opportunity
• propose alternatives
• discuss implications

Step 3: Benefits Marketing

Should competitive marketplace analysis become necessary at this point, we will send out requests for proposals to various carriers and vendors. BTA presents you to the marketplace in a thorough, concise, and professional manner that enhances our ability to obtain accurate proposals in a timely manner.

BTA's excellent relationships with insurance carriers and vendors guarantee that you will receive the competitive attention you deserve.

Step 4: Evaluation

Upon receiving information back from the marketplace, BTA thoroughly analyzes each proposal from every carrier that bid for your business to identify the most competitive and comprehensive solutions. In doing so, consideration is given to:

• the richness and comprehensive nature of the proposed benefits
• cost factors
• your company's goals, objectives, and expectations
• your employees' expectations
• administrative requirements
• provider network availability
• employee communications

We then illustrate a variety of employer/employee cost-sharing methodologies and examine the impact of potential change for each scenario.

Step 5: Implementation

We believe this to be one of the most critical phases of the benefit plan design process. The best designed benefit plan will not produce employee satisfaction if it is not communicated and implemented properly.

To promote an accurate, thorough understanding and appreciation of the benefit plans you are offering to your employees, BTA:

• provides customized communication materials
• prepares employee election forms and presentations
• facilitates employee meetings
• provides a web-based resource for your employee benefits information

Click here for more information and samples of BTA's employee benefit communication materials.

Step 6: Compliance

Throughout the entire benefit design process, we incorporate compliance with all federal and state regulations. When new legislation is enacted, or current regulations are modified, BTA not only apprises you of the changes, we give you the tools you need to comply.

Click here for more information on compliance services that BTA provides.

Step 7: Ongoing Review and Service of Benefit Plans

Central to all BTA activities is our focus on service. Our dedication to service is unparalleled, and our attention to detail ensures customer satisfaction. As your benefits consultant, BTA acts as liaison between you and carriers and other vendors to resolve all administrative issues involving enrollment, claims, eligibility, and billing. We also perform ongoing analyses of your benefit plans to ensure they continue to meet your organization's financial and business objectives.