Employee Benefits
At PSA, we are experts who provide a wide range of health and welfare benefits brokerage and consulting services. We partner with each client to develop a program that delivers benefit solutions to attract and retain top talent while controlling costs. Our knowledge of the industry and extensive experience allow us to provide effectively designed benefit programs that meet your needs and the needs of your employees. As a full-service brokerage and consulting firm, we offer Fortune 500-type benefit plan designs and services to companies large and small, including benefits brokerage and consulting, administrative solution consulting, regulatory compliance, customized communication materials, call center services and wellness initiatives.
Our benefit consulting staff averages over 20 years of experience in the industry. Our services include plan cost analysis, claims utilization analysis, payroll deduction modeling and industry benchmarking for all benefits offered. Funding options are reviewed to determine whether alternative arrangements like self-funding or minimum premium would be beneficial. We prepare carrier RFPs, negotiate renewals on your behalf, manage vendor relationships and review carrier contracts. We also bring to you the best administrative solutions for enrollment, billing, COBRA administration and flexible spending account administration.
Our benefit consultants are exhaustive in the analysis of your benefit plan options and recognize the importance of providing superior customer service throughout the year.
We are well-versed in the benefit plan issues that can arise when an acquisition or divestiture occurs and can assist with the due diligence process. Our services include benefit plan comparison and contract review, disposition decisions for existing benefit plans, discussion of COBRA, FMLA and flexible spending account issues, and assistance with benefit plan provisions in employment or separation agreements.
It is essential that employees understand the benefits you offer so that they can appreciate their value and make the best use of them. We can provide you and your employees with customized communication materials, including employee benefit enrollment brochures or booklets and newsletter articles. We will also facilitate employee enrollment meetings and prepare open enrollment presentations.
We offer your Human Resources staff and your employees customer support via telephone and e-mail. Our Client Service Team is available via an 800# to assist with benefit and eligibility questions, as well as complicated claims issues that may arise.
A full range of regulatory compliance services is provided, including advice on COBRA, HIPAA, FMLA, Medicare Part D, HSAs, HRAs, cafeteria plans and flexible spending accounts. To comply with Department of Labor requirements, we will prepare the Form 5500 filing, Summary Annual Report and Summary Plan Description for your health & welfare plans. In addition, our Compliance Services staff is available to provide guidance on a wide range of benefit taxation issues. Current developments and new law updates are disseminated via our monthly Benefit Minute newsletter.
Recognizing the importance of a healthy workforce, we will work with you to develop wellness solutions that positively impact your benefit costs. Our approach provides a strategy that addresses three major categories of health risk management: worksite health promotion, disease management and care management.
