Employee Benefit Plans
Employee Benefits are a vital component towards sustaining the morale of employees resulting in increased productivity. Employees are the end users, and for a program to be successful, they must understand and embrace the value of what is available to them. This comes from open communication and employees feeling that they are a valuable part of the process. Knowledge and understanding allow employees to be better consumers, which can lead to meaningful improvements in outcomes and reduced cost for the employees and therefore, the company. Bridgeport Benefits yields results in the following key areas:
Vendor Programs – New hire enrollment, open enrollment and ongoing communication campaigns all provide opportunities for employees to better understand their benefits. Resources to manage claims, take advantage of wellness programs and the ability to provide maternity care, are just some plan features that often go underutilized, but can have dramatic results in employee plan satisfaction.
Prescription Drug Utilization – As prescription medications become a greater component of the medical plan dollar, helping employees understand their plans becomes more critical than ever. Efficient use of prescription plans improves health outcomes for plan members and helps the plan achieve savings in the long run.
Consumer Directed Plans – Maximum use of HSAs, HRAs and flexible spending accounts can help ease the transition in these times of greater employee cost sharing. They can also help employees in the consumer driven process. These plan innovations provide new opportunities for employee and plan savings. Bridgeport Benefits helps educate employees about these available savings opportunities.
Voluntary Benefits – No employer can provide company paid plans for every type of coverage. Given the variety of employee situations voluntary benefits can help the employee meet personal and family needs without an additional expense to the employer.
Long Term Care – As an employer, we can help you recognize the value of Group Long Term Care as a tool for recruitment and improved productivity for your employees. A Group LTC plan gives you the edge in the fight to help you recruit and retain good employees and is an essential part of any employee retirement package.
Technology – Technology affects not only internal plan operations, but also improves employee productivity. Web based enrollment, claims look-up and provider directory assistance allow for employee self-sufficiency while reducing the burden of the administrative staff. We improve plan satisfaction by helping clients communicate to employees on how to navigate and utilize these tools.
