 BENEFITS GROUP The Baldwin Center 655 Eden Park Dr. Suite 100 Cincinnati, Ohio 45202 p: 513.579.9800 f: 513.579.9880 |
Our ServicesConsultative Brokerage ServicesWellness Programs Actuarial Services Advocacy Legislation & Compliance Communication Leveraging Technology Benchmarking Data Education Employee Self-Management Options Mergers and Acquisitions Labor Relations Plan Administration Individual Medical Products Voluntary Programs Executive Benefits |
Consultative Brokerage ServicesAttacking your benefit costs on multiple fronts is the only way to stay on top. As your consultant, we work to understand your needs. As your broker, we utilize our relationships to implement the creative and innovative solutions your program needs to succeed. The stages of benefit plan management flow from one into the next to create a continuous cycle. Plan management is an ongoing process - not an annual event or renewal strategy.“Bailey & Company is a true partner and valuable asset to TQL. When advising us, they act as if they are one of our shareholders. I'd give them a 9 on a scale of 1-10. When they figure out how to get us free benefits, I will give them a 10.”CommunicationCommunication is paramount to any successful business plan. Whether you're rolling out the latest products to your clients or sharing information with your employees, a strong platform for effective communication is a must. Bailey and Company has many ways to help you reach your audience through multiple mediums, whether your employees are in one location or spread throughout the world.“We renew our benefit plans on June 1. I was surprised when our Account Executive at Bailey & Company told me how many other Bailey clients renewed their plans on that same date, because the consistent customer service and responsiveness we receive always makes me feel like we are their only client.”Legislation & ComplianceThe fact is you can’t ignore employee benefit rules. It’s simple - if you’re not in compliance, you could lose your entire tax deduction for your benefit plan contributions. Your employees could also be forced to pay taxes on thousands of extra dollars’ worth of employee benefits. Or worse, you could face steep IRS excise tax penalties.Common areas where missteps occur are self funded medical plans, HRAs and HSAs, cafeteria plans, group term life insurance plans and Form 5500 filings. We have multiple ways to help keep you ahead of the changes. Our team can help you ensure proper compliance by analyzing your particular situation and offering solutions and suggestions specific to you. “Bailey & Company can help you succeed in the ever-changing world of employee benefits.”Benchmarking DataOur benchmarking platform allows you to visualize the competitiveness of your employee benefit plans.A S.W.O.T. analysis is commonly done for many components of a business, but what about the employees? If you want to attract, retain and compete for the best talent, you have to know that your benefit package can stand up to your competition. Read More… EducationToo often for employers the education stops when the time clock begins. This practice is a recipe for disaster. Without proper training, professionals can fall behind their peer group and become stale. Bailey & Company provides numerous options for keeping the team sharp. All of the programs are included as part of our service package, so cost will not be a factor in continuing one’s education.Read More… “We plan and innovate well together. The result? Our employees enjoy benefits and delivery systems that reinforce how much they're appreciated.”AdvocacyOur clients will tell you that superior service is why they partner with us. It's simple - we treat our clients the way we want to be treated.Bailey & Company has a dedicated group of individuals to take care of your benefit plans. We are here to be an advocate for you and your employees when issues arise. We provide you with prompt responses to all your questions and needs. “Everybody makes promises, but Bailey & Company actually delivers. That is why they are a critical part of our team.”Mergers and AcquisitionsCompanies are growing through acquisitions and mergers in an effort to expand operations and remain competitive. Prior to a transaction, the ability to assess certain risks and liabilities within the welfare and benefit plans is crucial. Bailey & Company is skilled at performing these analyses for its clients regardless of the size, industry or location involved.“Everybody makes promises. Bailey & Company actually delivers. That is why they are a critical part of our team.”Labor RelationsWe are frequently requested to represent employers' positions during labor negotiations. Our contributions include:
“Trustworthy and prompt service is the crucial ingredient in working with a consultant to provide creative and cost-effective options for health insurance. Bailey & Company continues to exceed our expectations each year. In a kingdom of few nobles, they are royalty.”Individual Medical ProductsOver the years we have found it helpful to provide our group clients an outlet for individual insurance plans. There are many reasons an employee or dependant might need benefits outside of the group plan, and we are able to guide these individuals to the right place.
Retirees
Under 65-private coverage
Recent college graduates Part-time employees 1099 employees Temporary coverage between jobs Voluntary ProgramsMany companies no longer provide all of the protection each employee or family requires. Therefore, it is often the best solution to allow employees to select their coverage from a menu of voluntary, payroll-deducted benefits.We review and make plan recommendations based on the desired product offerings. Disability, dental and life insurance are just a few of the programs that sometimes fall into the category of voluntary products. A full review is necessary to determine tax liabilities for the employees and the employer. Employee education and training are important for a successful voluntary product launch, and we have the means to effectively guide this communication process. Executive BenefitsMany organizations want the same benefits for all employees, but we often find that ownership or top management cannot take full advantage of the benefit programs. The most common areas of deficiency include the inability to participate in an FSA or HRA savings vehicle (due to IRS regulations) as well as insufficient life insurance, disability insurance and retirement programs.Read More… “Our benefits program had been derailed by out of control costs. Bailey and Company got us back on track and has kept us there. In our business, that's very important.”Actuarial ServicesDetermining where the renewal should start is the key to all renewals. Without this knowledge, it's almost impossible to negotiate a fair renewal. Our actuarial services will determine the starting point. There are several tools used in this process.Read More… Plan AdministrationPlan administration is a very different business than benefit consulting. Bailey & Company has evaluated many TPA's and has carefully selected the best administrator to deliver top quality plan administration. When dealing with COBRA, FSA, HSA and HRA contributions, only the best is acceptable.Read More… “We have high expectations and Bailey & Company consistently exceeds them. As a result, they have become a trusted part of our organization.”Leveraging TechnologyTechnology plays an important role in many of our daily activities. Advances in technology have given us the power to keep people informed through many different mediums.We'll help employees learn about your benefit program to enhance their appreciation of the entire package. Communicating with baby boomers, Generation X and Generation Y can require many different methods. Our toolbox includes a number of mediums from which to choose. Read More… “Bailey & Company is the only vendor I work with who follows-up quickly and always does what they say they are going to do.”Employee Self-Management OptionsYourCompanyLink.com is available to your employees to educate them and their dependants about your benefit package. This HR web portal includes information about items such as medical benefits, dental plans, retirement plans and vacation schedules. Your site is determined by you – it is created to fit your needs and be part of your company's intranet or Web site.The site is loaded with tools to ease the work load of the benefits department and to enhance your company's wellness program. Features include a wellness library, personal health records, company forms, modeling tools, health assessments and contact information. Read More… Wellness ProgramsWellness is a culture for some companies. For others, it's a dream world. When put together with forethought, it's more than a program to prevent absenteeism and presenteeism - it is a lifestyle change that is integral to addressing rising healthcare costs and utilization.Read More… “The best way to lower employer healthcare costs is to improve the health of the plan's members. It's that simple.” |
