Fickewirth and Associates Insurance Brokers and Consultants

Depending upon the complexity of your benefits, The Benefit Design Process™, will be a one day or one-half day offsite meeting hosted by F&A. The context of the meeting is along the lines of the question we asked above. You have been hired as consultants to a brand new organization, an organization exactly like yours. Your assignment is to provide them with a recommended benefit menu. Some of the items we will review together at the meeting are:

When is cash better than benefits?
How important are benefits in hiring the hiring process?
What benefits are most valued?
What is your budget for your benefits
program?
Is it important for participants to know what their benefits cost?
Are there cost savings in unbundling some parts of a medical plan?
How important is it that participant have someone to address their benefit questions to?
Does it make sense to build in financial incentives not to over-utilize benefits?
Should any of our benefits be self-funded?
Should your benefit menu promote wellness?

The Benefit Design Process™ is a great antidote to the all too common practice of benefits simply growing and accruing over time without a master plan. At the end of the The Benefit Design Process™ you may or may not want to keep the benefits you have. Even if you do, you will absolutely know what purpose each benefit serves.