Com­pa­nies across the mar­ket­place are now choos­ing to work with a qual­i­fied Sono­ma Coun­ty employ­ee ben­e­fits con­sul­tant to ensure their team has the sup­port they need in select­ing ben­e­fits pack­ages. There is a great finan­cial imper­a­tive in col­lab­o­rat­ing with a con­sul­tant and so with­in this lat­est post, we’ll explore the finan­cial ben­e­fits com­pa­nies achieve in work­ing with their employ­ee ben­e­fits consultant.

Esti­mat­ing pro­ject­ed costs

A Sono­ma Coun­ty employ­ee ben­e­fits con­sul­tant can help com­pa­nies save mon­ey by pro­vid­ing pro­jec­tions based on their cur­rent ben­e­fits and based on poten­tial health­care reform changes in the short-term future. This can help com­pa­nies mit­i­gate poten­tial­ly expen­sive mis­takes in their ben­e­fits pro­grams and ensure firms are ready for upcom­ing insur­ance mar­ket changes that will impact their industry.

Stream­lin­ing the enroll­ment process

Reduc­ing the time involved in the enroll­ment process can help ensure employ­ees are pro­vid­ed with their required ben­e­fits in a con­sol­i­dat­ed time­frame. There is a sig­nif­i­cant finan­cial advan­tage to this process because it ensures that tal­ent­ed indi­vid­u­als are imme­di­ate­ly inte­grat­ed with­in the company’s pro­gram, help­ing com­pa­nies retain their skilled work­force for the long-term.

Min­i­mize out of pock­et expenses

In cas­es where the health­care mar­ket­place evolves to inte­grate new laws that relate to the com­pa­ny and its work­force, a con­sul­tant can help to mit­i­gate the cost of these changes to the firm. They can help the firm set out a strat­e­gy that ensures their work­force is cov­ered by the required insur­ance while lim­it­ing the poten­tial for finan­cial penal­ties such as those set out with­in the ACA (Afford­able Care Act).

Reduc­ing unnec­es­sary programs

Waste has a sig­nif­i­cant cost to the small busi­ness when oper­at­ing their employ­ee ben­e­fits. A bro­ker can help a busi­ness own­er ana­lyze their pro­grams, deter­mine how employ­ees are using these pro­grams, and then cut out any wast­ed ser­vices not being uti­lized. It’s a process that can have imme­di­ate finan­cial ben­e­fits in the ear­ly weeks of work­ing with a Sono­ma Coun­ty employ­ee ben­e­fits consultant.

Our expe­ri­enced team at Arrow Ben­e­fits Group is here to help guide your firm in choos­ing ben­e­fits pro­grams. To learn more about our work and our ser­vices, please call us today.