SCENARIO
Metropolitan School District scenario
Assumptions:
- past issues with section 125 provider
- happy with Colonial/Aflac provider
- very budget conscious
- interest in using technology to solve human resource hurdles
- no program in place that addresses employee need for long-term care
Plan of action:
- demonstrate a technology system that solves eligibility management challenges, life event management, and enrollment management challenges while creating awareness of concept of "total compensation"
- demonstrate dependit audit as an option - employer annual savings approximately $250 times number of dependents on the medical plan
- address long-term care with a voluntary program that compliments (not replaces) the Aflac/Colonial
- offer a replacement section 125 administrator for school district to consider
Cost:
- implementing plan above, Connection Point Benefits waives the cost of the dependent audit and the setup cost tied to the human resource technology system, and the setup and renewal cost of the section 125 provider
- monthly administrative fee based on number of employees for the human resource technology system
making a difference with voluntary benefits
