Employee Benefits Consulting and Administration
The Melita Group can help you turn the potentially time consuming task of benefits selection and implementation into a process that yields positive results for both you and your employees.
Maintaining a comprehensive, flexible, cost-effective employee benefits program is not a “one size fits all” proposition. There are many factors involved in the proper evaluation, negotiation, and implementation of a benefits program that is well-received by employees and within your organizationís budget.
Our benefit consulting services include:
As a licensed brokerage firm, The Melita Group represents insurance carriers and vendors throughout the employee benefits marketplace. Our product portfolio includes the following types of programs:
- Health Savings Accounts (HSA) Administration
- Life Insurance
- Short and Long-Term Disability
- Section 125 and Flexible Spending Accounts (FSA)
- COBRA Administration
- Employee Assistance and Wellness Programs
- Voluntary Products
To evaluate the multitude of products, we utilize proprietary tools and methods to assist our clients in identifying the key qualitative and quantitative characteristics of each product. This ensures that each client assembles the optimal portfolio of products for their particular employee program.
Product Evaluation and Plan Design
Our depth of industry knowledge allows us to provide extensive analysis of the benefits product marketplace. Selecting the right employee benefit products and services is a critical component to the overall structure of a quality, cost-effective benefits program. Given the difficulty to measure qualitative factors associated with insurance products, it is necessary to conduct a thorough evaluation of all qualitative and quantitative factors of the numerous products available. At The Melita Group, we take this task seriously. Our methodology for providing our clients with the data necessary to make educated, informed decisions is unparalleled in the industry.
Because every clientís goals, objectives, and demographic factors are unique, there is no single best type of benefits program for all organizations. Additionally, the marketplace is changing and new and innovative benefits programs are continuously emerging. When consulting with you, we take a practical approach to evaluating all relevant factors to assist you in determining the optimal funding mechanism for your benefits programs. Making informed decisions also requires relevant and accurate data. We also provide industry benchmarking data to assist you in making the decisions necessary to maintain a competitive benefits program.
With insurance premiums rising, it is important that you implement various traditional and non-traditional strategies to minimize the costs associated with providing benefits to your employees. At The Melita Group, one of our key responsibilities is to advise you of such strategies and to help keep costs at a minimum without impacting the quality of your benefits program.
The Melita Group understands the importance of evaluating the effectiveness of benefits programs on an ongoing basis, not just at renewal time. Our semi-annual review meetings allow our team to discuss programs that can be tailored to meet your individual needs.
Administration and Communication Services
Our experienced Client Services team is committed to benefits education and communication offering valuable tools such as:
- Employee self-service technology
- Comprehensive benefits statements
- Onsite health fairs
- Company sponsored fitness/health programs
In addition to providing comprehensive benefit overviews/enrollment kits, open enrollment presentations and other important communications materials, our team is experienced in working with clients to implement tools and strategies to further increase employee benefits awareness.
An important element for organizations is ensuring compliance with benefits. The Melita Groupís experienced team assists you with increasing compliance through valuable compliance-driven resources such as:
- HIPAA Privacy Guide
- Federal Group Health Plan Mandates Resources
- Periodic newsletters and MelitALERTS related to legal and compliance issues
- Comprehensive year-end compliance checklist and annual Employment Law compliance seminar
- Learning Events focused on seminars and webinars on HR benefit trends and compliance updates
- Comprehensive Benefits Audit
Merger and Acquisition Assistance
Acquiring or merging with another business is a major undertaking for HR. The ultimate success of the integration of both companies resides in part to a successful transition process. We work with you to perform detailed plan analysis and due diligence, comprehensive transition plan, employee communications, and the many other factors important to the process.
In our ever-expanding global economy, even smaller businesses are now doing business and hiring employees in foreign countries. In partnership with our international consulting partners, The Melita Group can assist you in understanding the legal and competitive markets in which you operate and compete.
In addition to consultation services, we may also provide proposals for various benefits packages and assist with the implementation of the following programs:
- Design and implementation of overseas pension programs
- Benefits and compensation for expatriates and third country nationals
- Multinational pooling
- Investment vehicles for overseas pension plans
- Consolidation through mergers and acquisitions
- Communication programs
- Corporate policy development
Given the complexities, variations, and constantly changing international environments, it is virtually impossible to properly and thoroughly evaluate, implement, and manage effective international benefits programs alone Ė another advantage to partnering with our team.
Contact us today to learn how Melitaís service and solutions can meet your needs.
As with all brokers, The Melita Group is compensated through commissions paid by your insurance carrier. It is our practice to fully disclose our commissions in advance of engaging our firm so that our clients can establish expectations and hold us accountable for our performance based upon our service commitments. Insurance services provided through Melita-McDonald Insurance Services, Inc. (license #0B78370).