Sapers & Wallack

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For Businesses

Group Benefits

Case Study:
Group Benefits

Do your Group Benefit Plans achieve their objective?

Benefits are one of the single greatest capital expenditures for most companies. With health insurance consuming an ever-larger portion of overhead, fiscally responsible employers are concerned with cost containment. At Sapers & Wallack, we pride ourselves on our ability to design programs to provide the desired levels of coverage for an economical price. Too often, group benefits are seen as a commodity and pricing as the only decision factor.

In our capacity as an extension of your benefits administration staff, Sapers & Wallack begins with a comprehensive review of your current programs, then identifies strengths, inefficiencies and potential areas of regulatory non-compliance. We evaluate different plans and funding alternatives, negotiate with carriers, and deliver a summary of recommended plan provisions, cost and benefits. Our recommendations often result in improving tax efficiency of existing plans, making benefits more meaningful to the recipient. Once the plan is chosen, we assist with the myriad details involved in implementation and administration. We recommend and spearhead methods for proper communication with employees to improve their appreciation of the plan and to use it most effectively. In short, you can hand us a problem with complete confidence that we will find the best solutions – and that we will handle ongoing administration thoroughly and efficiently. Additionally, our process is strategic, developing a longer term strategy to maintain benefit efficiencies while limiting disruptions.

Benefit decisions should not be based solely on price because the different levels of service, resources, advice and intellectual capital among benefit consultants are not equal. Could your company benefit from the added value we offer?
Sapers & Wallack places group health, life, disability, long-term care, dental, auto, legal, homeowners and travel accident plans for companies ranging in size from 25 employees to many thousands, providing the following services:

Defining client objectives and designing plans that meet those objectives.
Providing an in-depth annual review of all programs to ensure compliance, competitive rates and proper design.
Re-bidding of insurance contracts periodically and analyzing competitive quotes.
Recommending modifications as necessary to comply with changing government regulations and shifts in the marketplace.
Reviewing and coordinating employee communications programs, including staff meetings, notices, booklets, certificates, ERISA information, COBRA notices, and contracts (in the event of benefit and/or carrier changes).
Serving as our clients’ representative in negotiation with insurance carriers and providers in areas such as rating, disputed claims, contract interpretations and administration disagreements. We also work directly with our clients’ employees to solve any claim questions.

Through our partnership with NFP, Sapers & Wallack is proud to offer our clients the following tools:

Human Resources Solutions web site

Sapers & Wallack knows that Human Resources (HR) plays a critical role in the success of any company, that’s why Sapers & Wallack employees work closely with and often become an extended member of our clients’ HR teams. From recruiting to retention to termination, HR is involved in every step of an employee’s life with their company. Sapers & Wallack provides its clients with a Human Resources Solutions website which is designed to help our clients’ human resource departments with many of their day-to-day HR operations. The web site is a tool for several areas of interest, including Family Medical Leave Act, workplace safety and accommodations, including OSHA, ADA, emergency preparedness, and workers compensation state resources, compensation issues, including Fair Labor Standards Act (FLSA), recruiting, termination, and labor and employment.

Human Capital Services

Our group benefits professionals work with clients to develop sustainable and cost effective HR solutions for their businesses. Our industry experts coordinate closely with our clients’ human resource department so that we can help address the every day and HR challenges, so that the in-house leadership can focus on their business. Our Human Capital Services are centered around these main areas; HR compliance, process, training and development, and compensation consulting.

The HRFocus

The HRFocus call series is an additional service our advisors provide to help address our clients’ HR concerns. In this monthly series, industry professionals discuss timely HR topics during a 30-45 minute call session. These presentations are recorded and made available online so that our team can access them and also so that we can easily share the sessions with our clients.

Compliance Corner Newsletters

Compliance Corner, Sapers & Wallack’s bi-weekly newsletter contains valuable and timely information on compliance and regulatory issues. In addition to this distribution, our group benefits professionals also provide timely regulatory alerts via email to our clients addressing changes in reporting and also offering expertise to assist in meeting new standards. Although most of our clients’ businesses are headquartered in New England, we do send out regulatory alerts that will pertain to all 50 states and we can advise in most states or refer our clients to our partner firms. If a corporate entity has multiple locations across the United States, we can keep our clients informed to regulatory changes in each state in which they do business.

D2Hawkeye

We automate the analytical process for our large clients so that they can make medical management and financial decisions in a timely fashion. D2Hawkeye, a medical data reporting and analytics solutions, allows our clients to integrate all of their employees eligibility, medical claims, pharmacy claims, health risk assessment and case management data, and then applies a wide range of medical rules in order to predict individual and aggregate risk in that population. Through the use of intensive data mining techniques, D2Hawkeye automates the analytical process, enabling our clients to make medical management and financial decisions in a more effective and timely manner.

MyBenefitsView

MyBenefitsView is a web site that provides comprehensive resources for communicating the strengths of benefits packages to employees for our corporate clients and HR managers. Access to this site is exclusive to our clients and additional resources are available as well. Our professionals train clients to maximize the value of this site.

MyBenefitsView is the most advanced benefits and health management system available to employers — no matter the size. This Web-based tool helps companies demonstrate their dedication to employees by putting them in touch 24/7 with benefits, health, compensation and human resources programs.

The smart, friendly employee portal becomes the first place employees and family members go to take care of themselves. Here they can:

With MyBenefitsView clients can

Find information and documents related to benefits and HR programs, or links to other resources.
Get assistance in evaluating benefit choices and recording elections.
Research virtually any health and wellness topic from a huge library of physician-reviewed health content.
Access decision support tools to make more informed decisions regarding their healthcare.
Store and view personal information.

MyBenefitsView is comprised of four major centers that help employees stay informed and work smarter, in turn allowing employers to retain talent and improve efficiencies.

The Benefits Center delivers rich resources tailored to your benefits package.

Employees can research programs, get assistance with planning, and take action.
It is packed with decision support tools, such as multimedia presentations about benefit plans, tips on how to use plans and a plan comparison tool.
A Ready…Enroll^TM module is available so consumers can evaluate benefits options and record their elections all within one portal.

The Health and Wellness Center delivers the best health content available.

The portal contains a vast collection of explanations, health risk assessments, illustrations and videos covering thousands of medical and wellness topics.
It is highly visual, interactive and consumer-friendly, making it very informative to employees and family members.
This is the same knowledge used by hospitals and medical schools around the world.
The content is current, well-researched, physician-reviewed and unbiased.

The My Info Center allows our clients to store personal data.

The communications portal can let employees create personal health records, filled with details about their doctors, immunizations, tests and more.
This information is secure and for the employee’s eyes only.
Total compensation statements can be created through the Real Value Statement^TM module.
Plan election data and flexible spending account data can also be accessed here as well.

The MyHRView site is an online resource and reference center that allows HR professionals access to a library of employee benefits, HR/employment, and personal financial planning information. Sapers & Wallack offers access to this site free of charge.

Access to this application for HR Directors and Managers can be provided for a very low cost, allowing our clients to deliver a deep content site for HR issues, questions, research and suggestions.

The Real Value Statement is an extraordinary new approach for communicating pay and benefits to our clients’ employees. We find that most employers are chronically frustrated with the fact that employees don’t know the real value of the company’s financial investment in them. Benefits are often left out of the equation. Employees need to be educated about the “buried treasure” represented by the amount their employer contributes towards their benefits. Sapers & Wallack fix for this dilemma is the Real Value Statement. This total compensation statement will give employees one place to go to see the dollars-and-cents value of their cash compensation and benefit programs.