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Before
Moore Benefits, Inc. starts quoting plans for its clients,
we spend time and effort understanding client needs.
In addition, MBI helps clients build competitive benefits
packages by comparing the benefit features within their
industry, geographic area, and company size. MBI helps
companies answer these critical questions:
| 1.
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How
much should we pay towards benefits? |
| 2. |
What
plans are most valuable to our employees? |
| 3. |
Should
we make a retirement plan matching contribution?
If so, how much? |
| 4. |
Should
we offer our employees more than one medical plan
from which to choose? |
| 5. |
Which
voluntary benefits are really a bargain to employees?
(examples: disability, cancer, long term care)
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| These questions are often addressed through
a strategic planning process, which includes executive
interviews, employee focus groups, and/or employee
surveys. These services are provided to MBI clients
at little or no additional cost.
Once the plan design components are structured,
MBI markets the plans through multiple carriers,
and develops employer and employee contribution
scenarios. MBI helps the client determine the
cost to the company and its employees, based
on various percentages paid by employees, defined
contributions by the employer, and core/buy-up
strategies.
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