Employee Benefits

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

In our capacity as an extension of your benefits administration staff, PFC begins with an examination of programs in place, then identifies strengths, inefficiencies and possible 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. Many times, our recommendations will 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 ensure that they appreciate the benefits of the plan and use it most effectively. In short, you can hand us a problem with complete confidence that we will find the best solution - and that we will handle ongoing administration thoroughly and efficiently.

Benefit decisions should not be a bidding process among equal choices because consultants and brokers are not equal. Could your company benefit from the added value we offer?

Progressive Financial Concepts places group health, life, disability, long-term care, and dental plans for companies ranging in size from five 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 competitive rates and benefit 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 negotiating 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.