Review and Adjudicate Insurance Renewal
We will review your renewal exhibit in detail- claims vs premium, validate future claims cost and expenses; question underwriting on anomalies and propose solutions to problematic renewal actions.
Evaluate Products and Funding We will look for alternatives with your current carriers and shop with other vendors as needed. For health coverage, NewCorp will also evaluate funding scenarios involving fully insured, high deductible (HRA/HSA) and self-funded. NewCorp is not captive to any insurer or administrator; we deal with over 50 vendors.
Implement Plan/Product Design NewCorp will field underwrite your group to ensure all appropriate data and paperwork is provided to your insurance company.
Annual Employee Communications NewCorp provides customized enrollment materials, including personalized benefit summaries, instructions and enrollment forms.
Conduct Annual Open Enrollment Meetings NewCorp will promote your benefit plan and conduct group meetings to make sure your employees are informed of their open enrollment options. Representatives are available for confidential employee matters.
Consulting on Section 125, FSAs, Health and Welfare Plans, Retirement Plans, COBRA, and HIPAA
NewCorp is available to be your technical resource. We retain counsel to ensure your program is compliant with Federal and State laws. NewCorp will also keep you advised of new and pending legislation.
Perform Government Compliance Audits We will field audit your materials and procedures, including Plan Documents, SPDs, Form 5500, Nondiscrimination Testing, COBRA and HIPAA. NewCorp will advise you of any technical issues or potential liabilities with your program and recommend corrective action.
Complex Employee Claim Intervention Employee claim issues cost employers in the time necessary for staff to resolve these matters. Also, privacy issues come into play due to HIPAA privacy regulations. NewCorp will act as a HIPAA Business Associate to your plan. We will save your staff time and mitigate your HIPAA privacy exposure. Our professionals will prepare employee appeals to the insurer - we are your advocate.
