At INSPRO, a Marsh & McLennan Agency LLC Company we understand that the traditional approach to providing employee benefit plans is no longer effective. We bring employers new and innovative solutions to mitigate the continual rise in the cost of employee benefit plans.
The constant change of regulations has created the opportunity for more efficient cost containment tools, availability of measurable supportive data and has increased consumer awareness. You can be confident that INSPRO will deliver employee benefit solutions that fit your business's specific needs.
The days of simplicity in administering employee benefit programs are long gone. INSPRO can help you find an HRIS partner to create efficiencies for your Human Resource duties and enhance consistent communication of your benefit plans to your employees. Integrated services can save hundreds of hours by eliminating paper enrollments, employee downtime and missing data, and can streamline the process of administering employee benefit programs.
Employee benefit compliance is critical and often one of the most overlooked and misunderstood components by “plan sponsors” – who by ERISA definition, are the Employers. We will perform a thorough compliance evaluation with all clients. Although your employee benefits compliance will often require the service of other professionals — such as employment attorneys, tax attorneys and accountants — we can work with you and other professional advisors to help meet compliance requirements. Additionally, we can also recommend professionals that may be a good fit for your specific business circumstances.
As healthcare costs have risen, tax-favored plans are on the rise. These tax-favored plans are designed to give individuals and businesses tax advantages to offset premium and health care costs. These plans include POP, HRA, HSA and Cafeteria plans. We can help you decide what's best for your benefit plan.
When you have healthy employees, your company reaps the benefits. A correctly designed wellness program can increase productivity, boost morale and reduce stress. Wellness programs help employees make smart and healthy choices that can reduce health care costs, increase vitality and diminish absenteeism. Employee wellness programs can appear different at various companies, and that is a good thing. Wellness programs should be tailored and made relevant to your employees—not the other way around. We have several options to help you build your company's wellness program.
INSPRO partners with Wakely Consulting, a world class actuarial partner, for larger, more complex group medical clients. With a 40-million-life national database we bring you Fortune 500 analytical power; assisting with budget and forecasting projections most employers need to navigate future healthcare costs. Wakely’s data helps us negotiate more favorable renewals; helping our clients eliminate hundreds of thousands in unjustified healthcare increases.
