Gmb Gbs Presentation Template

Group Benefit Services, LLC

Prepared by Brent Blakely

Group Benefit Services, LLC

Prepared by Brent Blakely

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1. Overview 1. Overview

2. Strategy 2. Strategy

3. Communication 3. Communication

4. Partners 4. Partners

5. Notes5. Notes

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GMB Group Benefit Services

Who we are… GMB Group Benefit Services is an independent consulting firm focusing primarily on employer sponsored benefit programs such as:

•Group Medical

•Group Dental and Life Insurance

•Group Disability

•Buy Up benefit coverage’s

Our Mission…We are dedicated to providing our clients with a unique benefit strategy tailored to their specific needs based on their demographics and goals. This strategy is not an annual transaction, but an ongoing program that will allow each client to keep up with market trends and changes.

Our Focus… Our goal at GMB Group Benefit Services is to provide seamless administration, as well as employee communication for each and every client. Each employee deserves one on one education in order to both understand and appreciate the benefit programs that their employer provides.

This understanding is paramount in today’s insurance environment. Benefit Costs are always grabbing headlines, but understanding of benefits and the impact to lifestyle as well as paycheck help to improve employee morale and appreciation for what their company provides for them on a daily basis….

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Total Benefit Strategy

TEXT

TEXT

TEXT

TEXTTEXT

Your Business Here!

SupplementalInsurance

Property / Casualty

Workers Comp

Group

Retirement

Planning

Individual

Planning

Services

Personal

Lines

Major Medical

Ancillary Benefits

Retirement

Planning

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Stage III - Implementation

This stage consists of all the necessary steps to make the right vendor and product selections, insure a smooth and successful rollout, and put in place the appropriate resources for ongoing support:

Benefits Analysis & RecommendationsReport —A report containing a detailed cost and bid analysis of the required products and resources

Benefits & Systems Rollout —Professional resources and assistance to insure the effective implementation of your plan

Stage II - Planning

Here, we hold sessions with HR & benefits management to develop a strategic benefits plan:

The Benefits & Systems AssessmentSession —A detailed assessment of your current employee benefits programs, communication and needs.

The Benefits Blueprint Session —Helps you develop a step-by-step blueprint for the appropriate products, strategies and time required to achieve your goals

Stage IV - Review

Finally, we provide periodic reviews to make sure your current programs and plans are still in synch with the business as it grows and changes:

Wrap-Up Review

Mid-Year Review

Pre-Renewal Review

Stage I - Discovery

We help you assess your current situation and develop a clear and powerful vision for your benefits programs. The first step is to rate the effectiveness of your company's employee benefits program. We will also evaluate short term objectives and review long term goals.

After you have worked with GMB Group Benefit Services

you will: Have comprehensive benefit coverage that your employees will understand

Have a multi-year benefits strategy that will insure your needs as markets change

Have assurance that concepts in marketplace are understood

Save Time and Money

Discovery Planning I Implementation Review

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Benefit Survey

Asking the right questions…

Employee benefits contribute significantly to an employee’s commitment and loyalty to an organization. Due to the expense of these products, it is critical that employers use their benefit dollars wisely.

The Benefit Survey is the first step in assessing the needs of your employees and their overall commitment to your organization.

Your representative will work with you to design a tailor made survey specific to the information we need to extract.

Surveys are designed to address areas such as:

• Current benefits package

• Employee budgets or financial constraints

• Future product offerings

• Retirement benefits

• Communication of benefits

• Employee morale

Critical…

As the importance of benefits in fostering employee loyalty grows, providing the right package is critical to organizational success. Designing the right benefits package requires the direction and focus that only a tested, validated assessment can provide.

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Benefit Survey Example

ABC Co.Employee Survey

ABC Co. strives to provide useful, valuable, comprehensive, and affordable benefitprograms for our employees. Each year, we review our current programs,particularly our health and dental plans, to ensure they live up to these goals andare meeting our employees’ needs.

Please take a few moments to complete this survey and help us with our annualbenefits review process. Your input is important to us, regardless of whether or notyou currently participate in any of the programs.

Please return the completed survey to ___________ by ________. Thank You.

1. Are you currently enrolled in the employeehealth care plan?

Yes No Covered under spouse’s plan

2. Are you currently enrolled in the employeedental care plan?

Yes No Covered under spouse’s plan

3. What do you consider the most effectiveresource for learning about your benefitplans?

Additional/better written material Slide or video presentation Employee meetings My supervisor Insurance carrier

4. Which benefits are most important to you?Rank the following benefit plans in order ofimportance, with number 1 being the mostimportant and number 6 being the leastimportant.

Health Plan ……………………Dental Plan ……………………Short Term Disabilty …………Long Term Disability …………Life Insurance ………………...Voluntary Products (i.e. Cancer,Accident, Critical Illness) …….

5. If you participate in the company’s healthplan, how would you rate the benefitsprovided by ABC Health Co.?

Excellent Above average Average Below average Poor Explain:

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Why do you offer Employee Benefits?

Employee Benefits are often put in place as a recruitment and retention tool. Without effective communication, this can become an inefficient program to hire and maintain key employees.

A good program poorly communicated is a poor program in the eyes of the employee.

A recent study found that 63% of employees underestimate the total costs of healthcare and 69% overestimate the percentage they pay.

GMB Group Benefit Services works with employers to develop a tailor-made communications plan that helps increase employee’s understanding and appreciation of their benefits while reducing the administrative burden for the HR and benefit staff.

Some of the communication services available from GMB include:

Custom communications and benefit education plans for employees.

Pre-filled enrollment and communication pieces designed to make the enrollment more efficient and easier to understand.

One-on-one communications with employees, to help them better understand their benefits.

Multi-state enrollments with professional, trained enrollers.

Employee benefit surveys, benefit statements & benefit fairs.

The more employees understand about their benefits program, the more value they will see in both the benefits and their employment with their company.

Communication

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July 18, 2004 Dear John Q. Smith: This personal benefits statement is a brief outline of the benefits ABC Co. provides to you. It summarizes each benefit and illustrates the significance of your benefits package as part of your total compensation. Please review the information carefully and direct any questions to your benefits administrator. Personal Data: Employment Data: Name: John Q. Smith Date of Hire: 1/1/00 SSN#: 123-45-6789 Annual Base Salary: $30,000 Date of Birth: 01/01/1950 Department: Knitting Address: 123 Main St. Job Title: Supervisor City, State Zip Statesville, NC 28687 Supervisor: Joe Smith Benefit: Description Annual Cost Employer Cost: Employee Cost: Medical BCBS Family Only

Coverage $5,083 $2,652

Hospital “GAP” Program

Family Coverage $504 $0

Dental Family Coverage $359 $390 Basic Life/AD&D Flat $20,000 $60 $0 Short Term Disability

Pays 66 2/3% of Weekly Salary to a max of $500

12 weeks duration

$171 $0

Long Term Disability

Pays 60% of Monthly Salary up to Age 65

$135 $0

Vacation Two Weeks Paid Vacation $1,154 $0 Total Benefits Cost $7,466 $3,042 Plus Annual Salary $30,000 Total Compensation $37,466 Cost of employer-sponsored benefits as a percentage of total compensation

24.89%

Total CompensationExample

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Major Medical Ancillary Supplemental/WorksiteBlue Cross Blue Shield Guardian HumanaUnited Healthcare MetLife American FidelityCigna UnumProvident Mutual of OmahaAetna Hartford Reliance StandardGuardian Assurant Benefits American HeritageUnicare Reliance Standard UnumProvidentAssurant Health Standard of Oregon Jefferson PilotPrincipal HumanaStarmark US AbleHumana UnicareWellpath Ameritas

Great West Jefferson Pilot Cobra AdministrationMutual of Omaha CobraServ-Ceridian

Individual Medical Sun Life

Blue Cross Blue Shield Companion Section 125Humana Principal ColonialAssurant Health Aetna American FidelityWellpath Cigna CeridianGolden Rule AUL

Other ProductsMedicare Supplement LTCBlue Cross Blue Shield Individual LifeHumana Individual Disability

At Group Benefit Services, we bring years of combined experience that includes developing working relationships and strategic alliances with some of the industry's leading insurance carriers and service providers. Through these relationships, Group Benefit Services offers comprehensive solutions to your benefit needs.

We seek relationships with providers who share our goals and demonstrate financial stability, superior service commitments and high industry ratings.

Our Partners