Employee Benefit Consulting
The employee benefits package offered by an employer to employees can significantly affect the hiring and retention process. In turn, these aspects also directly contribute to the bottom line with less turn-over and happier workers. It's understood that the more satisfied an employee is with their benefits package, the more loyal and productive a worker they will be. This is why it is critical for companies to work with an Employee Benefits Consultant firm.
Available as a fee-for-service, or most commonly as part of our comprehensive suite of services, WIA, Inc.'s Employee Benefit Consultants enable organizations to develop, organize and implement the benefits planning that they offer their employees. As an organization licensed to operate in all 50 U.S. states, WIA, Inc. leverages home office resources such as attorneys, CPAs, employee benefits specialists, underwriters, and experienced account managers to work directly with employers. WIA, Inc. supports thousands of agents and financial advisors across the U.S. to develop short, medium and long-term employee benefit strategies.
Our ultimate goal and measure of success is demonstrated when employers are able to reduce stress as we remove the difficulty in choosing the optimum employee benefit plan to suit everyone’s needs involved.
Benefit Design
Benefits, as a segment of administration, are the single most misunderstood aspect of compensation administration; this stems both from their complexity and from the difficulty of controlling their costs. Creative design can identify areas of cost structure with little benefit, which can lead to more efficient options both at the employer and employee level.
Many agents and agencies cut the benefits design process short by focusing only on carrier selection and component design of that carrier’s product as it relates to the goals of the employer and the needs of the employees.
At WIA, Inc. we believe that benefits design incorporates a third element as important as those listed above: benefit design communication. Benefits must be built in a way that allows for a mutli-phase communication process to the employees that incorporates initial education roll-out and a way to relay that information to a spouse or family. Lastly, it incorporates a strategy that highlights specific components of the design over the course of the benefit year.
Legal & Compliance Services
In today’s marketplace, it is critical to work with organizations that possess essential resources. At WIA, Inc., we enjoy an in-house legal department that is well versed in insurance law, contracts, regulatory compliance and employee benefits law. Our attorneys train employers across the U.S. in risk management techniques and compliance audits.
In addition to our in-house legal staff, WIA also has developed a strategic relationship with the law firm of Bushnell, Hiers, Hoppe & Drye, LLC to provide expanded services for our key client accounts and relationships.
Long Term Care Planning
More companies than ever are implementing long-term care plans into their employee benefits package. Leaders are recognizing that most American’s work hard all their lives to save a nest egg for retirement. With the retirement age getting older, the baby-boom generation preparing for retirement, and the potential instability of social security, long term care is the future of health care.
Employers are able to offer long-term care to their employees at a cost significantly discounted from the open market. These plans vary on how the organization can implement. First, long-term care can be entirely paid for by the organization, for which they may receive tax breaks. Second, they may have partial contributions, where employees share the cost of coverage, and lastly, voluntary coverage exists, where the employee covers the entire cost of coverage. All options have significant benefits by being offered through an organization and qualify for significant premium reductions to employees and thorough coverage.
Also, employees who may not qualify for coverage on the open market may qualify through an organization through simplified underwriting.
Contact WIA, Inc.'s long-term care division to see how you can implement long-term care into your employee benefits package.
Benefits Portal Hosting
Web portals are the latest development in the digital world of insurance-benefit offerings. Portals have become an increasingly popular means to present information and facilitate transactions without the need to completely rework a company’s technical infrastructure.
Successful businesses make it easy for clients to do business with them while keeping their processes transparent. This can be accomplished without the need to drastically alter the way you do business. Portals have the ability to hide your internal processes by creating a single point of entry for a user or client while retaining a consistent look and feel with your personal or business website.
We offer a number of advantages to agencies, agents, brokers, financial advisors, groups, and individual clients through a wide variety of solutions.
Our portal solutions include:
- Online Enrollment
- Web-based Training
- Audio and Video Webcasts
- Online Access to Client Policy Details
- Carrier Software Support
- The Latest in Insurance Information and News
Please give us to call to see how we can help our benefit portal hosting solutions can benefit you.
Special Risk Products
As a professional MGA, we deliver dynamic, innovative solutions for niche markets by offering a broad spectrum of unique special risk coverage’s. We support thousands of agents in all 50 states with a dedicated staff that works specifically in the Critical Illness, Cancer, Hospital Income and Student Accident marketplace for both individuals and groups worksite products. With a broad range of products all underwritten by leading carriers in the insurance industry, WIA, Inc. makes evaluation and placement of insurance risks easy. We believe in providing:
- Excellent insurance products
- Easy plan administration
- Thorough case management
- Responsive, comprehensive service
WIA, Inc. is dedicated to helping clients plan for the future. Contact WIA, Inc. to utilize our years of experience to build the best benefits plan that fits within your budget.
International Benefits Management
In today’s global economy, many of our client’s experience the challenges of managing international offices and personnel. At World Insurance Association, Inc. we can help you implement a global solution to employee benefits management. These solutions will include electronic communication of benefits, as well as, the selection of international medical carriers that know local jurisdictions and have international medical provider networks in place. As one of the leading providers of international medical insurance in the world, WIA, Inc. looks forward to developing a customized approach for you. Whether it is corporate in nature or as simple as protection while you travel the world for pleasure, WIA, Inc. is here to provide you with customized solutions.
National Enrollment Services
WIA, Inc. has made a commitment to growth through the ease of doing business with technology. As a national enrollment company for multiple large carriers, WIA, Inc. has the ability to offer worksite enrollment for large, multi-state companies and well as small employers and individuals. Online enrollment allows employees the opportunity to conveniently enroll from their office desktop, home office or while traveling. WIA, Inc. provides the flexibility to effectively coordinate employee benefit enrollments around the employee’s work schedule. Also, WIA, Inc. possess the capability of handling employer core benefits, flexible spending accounts, as well as voluntary benefits from multiple insurance carriers.
We offer a state of the art worksite product, that through the electronic application system, eliminates paperwork inefficiencies and simplifies the enrollment process for both the agent and the customer. Through the product illustration and application combination, agents are able to identity a customer's additional supplemental insurance needs in less time. Another time saving feature is that only one signature is required for multiple product applications.
When a prospective client phones for information, answering questions quickly might mean the difference between enrolling that client and having that client go elsewhere. If your enrollment needs a more personal touch, WIA, Inc. specializes in handling enrollments through our highly trained professional call center personnel. Click here for a quick overview how WIA, Inc. call center can benefit you.
It is WIA, Inc.'s belief that every party benefits from an approach that is comprehensive and tailor-made.