Health & Welfare Benefits

Since 1993 FosterThomas has provided benefits administration, brokerage and consulting services for a diverse array of clients. We offer a sophisticated knowledge of benefits planning and administration. With our employee benefits consultants behind you—offering continued advice and support, as well as on-site assistance—you can rest assured that your benefits package will stand above the rest. Our strong carrier relationships ensure that you receive the best plan options at the most competitive pricing.

Our approach to employee benefits management starts with a strong HR consulting and client relationship foundation. We identify trends as they relate to your business and address cost pressures before they arise.

Strategic Planning & Consulting

FosterThomas provides strategic planning of group benefits and healthcare plans. Our consultants are available on a continuing basis to guide you on:

  • Health & Welfare Consulting
  • Plan Design
  • Consumerism
  • Wellness – Health Management
  • Healthcare Reform
  • Funding Alternatives
  • Cost Containment Strategies

Our strategic planning and consulting services assist your organization in dealing with the future of employee benefits:

  • Provide a strategic review of your benefits planning
  • Review of cost containment strategies and establish 3-5 year benefit plan objectives
  • Assist you in designing a benefits program that will help attract and retain the right employees
  • Mitigate financial risk and maintain compliance
  • Recommend plan(s) that will keep your employees healthy and productive
  • Benefit plan analysis, cost containment strategies, benchmarking, and market negotiations
  • Provide healthcare trends and surveys
  • Explore all funding options (self-insured and consumer-driven healthcare expertise)

Vendor Analysis & Recommendations

  • Carrier Liaison – utilize our leverage and strong carrier relationships to negotiate the lowest rates
  • Collect and compile alternate plan options from your current carrier and from competitive carriers
  • Evaluate current benefit offerings and review current claims utilization, trends, and large claims
  • Achieve ease in administration and price breaks by bundling carriers if possible
  • Proposal preparation, delivery, and recommendations

Plan Implementation

  • Educate employees about their benefit plan options, access to network providers, copays, coinsurance, deductibles, and their associated payroll deductions (if you so desire)
  • Coordinate annual employee open enrollment meetings with you and ensure carrier representatives are available in accordance with your schedule
  • Provide enrollment booklets, enrollment forms, provider directories, and benefit summaries
  • Assist in the collection of group applications, binder check, enrollment forms, and waivers
  • Deliver all enrollment documents to carrier for timely implementation
  • Follow-up with carriers to ensure proper enrollment elections have occurred
  • Coordinate current carriers’ termination of coverage if replaced
  • Ensure ease of transition from one carrier to another

Benefits Administration

Our services don’t end with the delivery of plans. Your FosterThomas Account Manager and Customer Service Representative are there to assist you with contract language, amendments, claims resolution, provide answers about plan options, provide enrollment information and orientations, and supply network forms and contact information.

  • Dedicated Client Account Manager (AM)
  • Dedicated Customer Service Representative (CSR)
  • Billing, Eligibility, Enrollment, and Employee Management
  • COBRA administration & HIPAA Compliance
  • Assist with adding new benefits or changing plan options
  • Access to senior level HR Consultant for general HR questions
  • Employee Call & Support Center
  • Healthcare Advocate (problem and claims resolution assistance)
  • Answer benefit questions about plan options, contracts and contact numbers
  • Provide enrollment packets, forms, and answer enrollment questions
  • Provide educational orientations by phone or in person upon request

Compliance

  • Provide management with benefits & HR compliance support
  • 5500 preparation (access to EFAST filings and will assist you with e-signature)
  • FMLA
  • COBRA HIPAA

Employee Communications

  • Provide ongoing plan communications and vehicles for communicating clearly with your employees
  • HRWebcenter access for all of your employees
  • Employee Wellness Program (telephonic and/or face-to-face depending on your preference)
  • HR Library
  • Online HR and benefit forms all in one convenience location

Renewal Management

  • Initiate your annual review 120 days prior to renewal
  • Meet with FosterThomas Client Management to discuss plan utilization and available options
  • Provide feedback to management of employee questions and issues
  • Evaluate current benefit offerings and review current claims utilization, trends, and large claims
  • Prepare RFP to be sent to alternate carriers and compile competitive carriers’ proposals
  • Collect and compile alternate plan options from your current carrier and from competitive carriers
  • Carrier Liaison – utilize our leverage and strong carrier relationships to negotiate the lowest rates
  • Double bid and negotiate with leading carriers then prepare a consolidated proposal
  • Achieve ease in administration and price breaks by bundling carriers if possible
  • Proposal preparation, delivery, and recommendations
  • Coordinate and run open enrollment renewal meetings with Staff and Carrier Reps

Voluntary Benefits

New trends in the demographic, economic and social landscape of the U.S. are emerging with a significant impact to the workplace. These trends are driving change, from how businesses recruit and incent workers to how they fund benefits. The changing workforce climate and how businesses are responding include the emerging trends in the offering of voluntary benefits.

Voluntary benefits such as Short-Term Disability, Critical Illness, Cancer, and Accident are not intended to replace medical coverage, but to provide additional coverage to help meet out-of-pocket costs.

Individual Medical Coverage 

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HR Outsourcing MD, DC, VA, PA