Employee Benefits Consulting
SAVING MONEY on employee benefits is a must in today’s economy. The cost of providing benefits is rising significantly, while employees consistently seek more and more from their benefits packages. Many employers struggle to balance employee needs with their own capabilities and bottom lines. Helping you meet these divergent objectives is our specialty.
For years, BSP has been providing insurance and employee benefits consulting services to the business community. Built upon a tradition of integrity, industry leadership, and excellence, we are committed to delivering tailored benefit solutions with thoughtful strategic planning, valuable professional services, and technology-based solutions.
Other Insurance
- Life and AD&D
- Accident
- Short and Long Term Disability
- Long Term Care
- Wellness Programs
- Employee Perks & Discounts
- Executive Benefits
> Buy-Sell
> Key Man
Group Health Insurance
- Medical (including analysis of various funding mechanisms)
- Dental
- Vision
COBRA Administration
- HIPAA
- COBRA
- Healthcare Reform
- ERISA
- Section 125
Our Specialties
Our staff of experienced benefits professionals can develop benefits programs that make sense for your company and your employees. We have specialists in all lines of employee benefits, with the experience and know-how to keep your programs running smoothly and your employees happy.
BSP is committed to innovative and supportive solutions that help manage your business not get bagged down by complex compliance concerns or human resource issues.
That’s why we’ve partnered with Mineral – real-time expert HR and Compliance support.
Mineral provides practical, on-demand Human Resources services to help address the issues that every company confronts in today’s competitive business environment. BSP’s partnership with Mineral provides clients with the breadth and depth in all functional areas of Human Resource Management – HR consulting, including compensation, recruiting, training and development.
A few of the items available: Job descriptions, state specific compliance guidelines, performance review tools, HR compliance checklist.
- Periodic webinars on timely subject matter, including at least four webinars per year that offer HRCI and SHRM CE’s (must watch live to get CE’s). All webinars are archived for you to watch later if needed.
-Live, certified, senior HR experts available to answer questions, provide advice and follow up with research as needed. Hours of service are 9:00 AM – 8:00 PM EST.
- Live, online chat available.
- Over 200 online training courses and chat with their experts to develop quick and easy customized training.
- Multiple, pertinent Newsletter distribution:
> Trending HR topics, employment law alerts, training opportunities, expert Q&As and more.
> Curated selection of news on current workplace issues (compliance, HR best practices, healthcare and benefits etc..)
Please contact BSP with any questions about how to take advantage of this valuable resource
Employee Discount Perk Program
BSP enhances client benefits offerings without adding cost. One of the most pressing topics for companies is improving employee morale. Some of the most effective ways to improve employee morale and attract and retain employees is by investing in their well-being in both work and life.
Through our partnership with Working Advantage, we provide clients with an employee benefits perks & discount program at NO COST to them.
Working Advantage allows you to invest in your employees’ well-being, is cost-free to you and employees, is simple to use and offers a spectrum of choices designed to suit every employee’s stage of life, location, and interests.
Working Advantage’s one-stop shop includes savings on:
- Working From Home Essentials
- Streaming Services
- Attractions, Shows, Sporting Events and Concerts
- Hotels and rental cars
- Health & Wellness
- Insurance, Home Security and Protection Services
- Food & Wine
- Financial Services
- And so much more!
Contact BSP to learn more and start saving!
Disclaimer: this Discounts and Perks program does not guarantee the lowest cost or best terms available. It is designed as an additional work perk that is used to find discounts, and comparison shop to find the best discounts for employees, members and clients.
Benefits EDGE
Gain an EDGE on the renewal game
BSP introduces Benefits EDGE, a new HIPPA compliant claims retrieval program.
A game changer
BSP is changing the renewal “game” by 180 degrees. Until now, insurance carriers have held all the cards. Offering medical plans and pricing off their menu has meant little plan choice and restrictive plan pairings based on what their actuaries want. Without providing claims data, there is little to no room for negotiation - and you pay a premium for this model.
Access
With support from you, the employer, and your employees, BSP can now access your medical and prescription drug claims data, so we have better control over the healthcare renewal process to make informed decisions.
Analyze
Benefits EDGE augments our process-based approach to help you maximize the impact and efficiency of your healthcare benefit plans. This will help us assess future potential healthcare liability and create financial strategies to minimize risk. With claims data, we can analyze multiple lower costs and custom health plan options.
Align
Align your benefits with financial planning. With the right data, employers can drive better decisions to match plan offerings with participants’ needs. This translates to a real long-term strategy and winning the renewal game.
NeedyMeds Prescription Discount Program
BSP is pleased to offer its clients access to NeedyMeds, a discounted Rx program. You can easily download the app and take advantage of the discounts as a supplement to your health insurance prescription drug plan or for employees who aren’t on a company’s health plan.
The Drug Discount Card App locates 65,000+ pharmacies nationwide with discounted prescriptions. The drug pricing tool estimates the price of the drug when you pick it up at the pharmacy. From your mobile device, show the drug discount card to the pharmacist to save up to 80% off the cash price of your prescriptions. The discount also applies to over-the-counter medications and medical supplies (if the doctor writes a prescription) and human-equivalent pet prescriptions purchased at a pharmacy.
On-site Mobile Vaccination Clinics for Clients
BSP can help coordinate on-site mobile vaccination clinics for clients. We work with a specialized pharmacy provider who concentrates in vaccines only, and will come to you and provide a convenient immunization service.
- Pneumoccal
- Hepatitis
- Varicella
- Td/Tdap
- Meningococcal
- Shingles
- Routine
- School and College
- Travel
- Workplace
- Covid-19
- Influence
Please let us know if you’d like to discuss the process, and how we can plan a successful vaccine clinic.
*Please allow 4-6 weeks lead time to schedule a clinic.
Online Benefits Administration Technology
BSP provides clients with multiple no-cost technology-based employee benefits administration platforms. Clients can choose the platform that best suits their needs. This helps clients manage the lifecycle of their employees year-round. Our system combines integrated Technology, Enrollment, Administration, and Marketing advantages with exclusive benefit solutions – all designed to save clients time, effort, and money, while improving efficiencies.
Upwards of 74% of companies have either migrated to a remote/hybrid workforce, or are in the process of doing so, and our solution supports clients with meeting the needs of this changing workforce.
BSP’s no cost technology platform helps clients:
- Provide clear and consistent employee communication, and management, of their employee benefits.
- Manage benefits year-round.
- Offer Fortune 500 type benefits (higher maximums, enhanced contractual terms, and lower costs) to mid-market clients.
- See higher rates of employee engagement through easy, flexible enrollment.
- Onboard new employees more efficiently and easier through a self-onboarding option before employees’ first day.
- Consolidate employee HR information and reduce time entering information for benefits.
- Data file eligibility transfers to and from insurance carriers.
- Consolidated invoicing for most carriers
- Ensure data integrity
- Improve the renewal process.
Strategic Partnerships & Other Services
BSP has partnerships with high quality service providers to refer services including:
- Retirement Planning
- Business Insurance
- Attorneys (ERISA, Employment, Immigration, etc..)
- PR & Marketing
- Bookkeeping
- Accounting
- Outsourced CFO
- Banking
Disclaimer: BSP does not receive financial compensation for referring these services and fees charged by other service providers are handled between the client and service provider.
Health Welfare White Papers
We provide information about various health welfare topics that can benefit you! These documents include:
- How to Deal with High Cost Rx Medications
-How to Increase Employee Engagement
-Handling Workplace Burnout & Mental Health
-Diversity, Equity, and Inclusion in the Workplace
-The Difference Between Fully Insured and Self-Insured
-Standard and Additional Employee Benefit Offerings
-The Importance of Understanding Your Benefit Offerings
-Is a Professional Employment Organization Right For You?
We are happy to discuss any of the white papers in greater detail!
Disclaimer: BSP assumes no responsibility or liability for any errors or omissions in the content of this document. The information within this document is intended to be informational only and is not intended to be legally binding or applicable to any specific employer.
Medicare Education & Guidance Services
Whether you are eligible for Medicare now, or about to become eligible for Medicare, it can be daunting to understand how employer coverage interacts with Medicare, all of the available options, and when it may make more sense to choose Medicare instead of employer coverage.
BSP provides clients with complimentary access to a dedicated employee benefits professional who specializes in providing Medicare education and enrollment services. People are provided the necessary information to understand the best options to take and are provided assistance with enrolling in the most appropriate Medicare plans.
Please contact us if you’d like to discuss the service in more detail or to schedule times for employees to meet with our Medicare professional.