hen it comes to managing your benefits, Laurus Strategies goes above and beyond to ensure that you are never surprised. All client relationships are based on trust and full disclosure. And because we’re an independent health and employee benefits advisor, we provide sound solutions-without bias.
With Laurus Strategies as your partner, you get a high-touch, proactive approach to benefits and financial management - with strategic consulting, plan management, and performance monitoring and measurement-day after day, all year long. Our consultants augment your HR team in issues related to compliance, contract and claims, and plan implementation and enrollment. We develop year-long communication strategies and customize co-branded benefits communications and wellness pieces on your behalf. And we take the hassle out of working with carriers, administrators, vendors and other strategic partners, because we do it for you.
IT’S THE PERFECT BLEND OF EXPERT CONSULTING AND DAY-TO-DAY PLAN MANAGEMENT...
We take the time to really get to know you, your business goals and your unique challenges. Then we go to task to create and present only the highest-quality data analysis, opportunities and solutions. And we stay on the job, following a disciplined, dedicated approach to partnering with clients in order to:
- Integrate business, human resources and benefits strategy
- Manage and monitor benefit expense risk and quality of care/services
- Improve and simplify the benefit administration process
- Negotiate with and manage plan vendor relationships
- Develop and implement a successful communication strategy
Insurance Benefits
- Medical benefits—objective, unbiased and expert guidance to identify the health plan that delivers exceptional value while maximizing employee health and productivity
- Dental benefits—custom plan designs ranging from administrative services only to maximum coverage levels
- Disability benefits—income continuation plans in the event of short- or long-term disability
- Life insurance—protection for your employees loved ones through a variety of options, including term life, accidental death and dismemberment (AD&D), group universal life and more
Workforce Management
- Absence management—assessment, program development and implementation—resulting in benchmarks and recommendations for improvement
- Workforce productivity—a proven approach to decreasing absenteeism, improving morale and increasing productivity
- Paid time off programs—smart program design and implementation for companies wanting to move from traditional vacation and sick schedules
- Return-to-work programs—solid-cost-effective approaches to transitioning ill or injured employees back to productivity
Benefits Administration
- Transition sourcing—ensures a seamless transition of claim administration from in-house to an outsourced operation
- Vendor management/coordination—a disciplined approach to assessing and coordinating vendor services to maximize employee recovery and productivity
...DELIVERED BY STRATEGIC THINKERS WHO FOCUS ON ACHIEVING THE DESIRED RESULTS.
Client Strategy and Relationship
Extensive market knowledge and experience ensures that our lead consultants :
- Manage the client relationship and achieve client satisfaction
- Translate client business goals into immediate, short-term and long-term benefit plan objectives and strategies that are aligned with client objectives
- Present only the highest quality work, analysis and opportunities
- Act as the final review in our quality control process
Client Management
Acting as an extension of your HR team, our proactive Client Management consultants :
- Act as your liaison with carriers, administrators, vendors and strategic partners regarding plan management, plan design and legislative/contractual review and compliance
- Develop a timeline for annual projects, renewals, meetings and achieving established objectives
- Project manage implementations, annual enrollment, strategic planning and execution, and communications
- Serve as a day-to-day resource for compliance, contract and claims issues
- Review Summary Plan Description (SPD) and Summary of Material Modifications (SMM)
Financial Management
Is your benefits program being managed to your company’s best financial advantage? Laurus Strategies addresses this vastly underserved aspect of employee benefits. Our experienced, dedicated team of analysts will :
- Develop and monitor annual and ongoing plan performance–costs, utilization, program effectiveness, operations
- Evaluate plan design options and costs
- Establish annual benefit plan budgets
- Analyze provider network discounts, accessibility and disruption
- Structure employee contributions and provide modeling scenarios
- Manage the entire Request For Proposal process
- Negotiate renewals including fixed costs, claim costs and claim reserve analysis, annual premium equivalent calculations, employee contributions and COBRA rate calculations for self-insured plans
