• Medical Insurance • Dental Insurance • Vision Insurance • Basic Life and AD&D Insurance • Voluntary Life and AD&D Insurance • Short / Long Term Disability Insurance • Flexible Spending Accounts • Health Savings Accounts • Individual Health Insurance
Service and Administration
Parnell Benefits Group has been committed to being a leader in anticipating and meeting our clients’ needs. Achieving this goal in today’s complex employee benefit environment requires an advanced level of knowledge and technical resources. Below is more detailed information about the services provided by Parnell Benefits Group.
Assistance in determining a complete and appropriate plan design and coverage for your employees.
Development of Fully Insured and Self Insured plans.
Interpretation of new laws and assistance in the implementation of new procedures to remain in compliance.
Service and assistance with the administrative functions of your employee benefit programs.
Maintain current knowledge of market trends and efficiently communicate them to our clients
Determine available carriers or administrators in the marketplace to meet organization’s specific needs
Determine compatible networks in the marketplace
Determine the actual cost of each benefit coverage in place
Determine plan funding options (self-funded, minimum premium, conventionally insured)
Analyze plan designs and contractual provisions
Determine a logical action plan to control future cost (plan design, waiting period, contributions, etc.)
Develop spreadsheets to show historical cost trends
Develop an RFP (request for proposal)
Educate and update client on industry trends and changes
Build spreadsheets for cost comparison and analysis of bids
Make recommendations for plan changes and cost considerations
Develop contribution strategy designed to meet the corporate budget
Coordinate open enrollment meetings with all vendors
Review carrier employee communication materials (benefit summaries, etc.)
Assistance in developing the open enrollment packets
Assistance in the development and execution of employee surveys