Health Management Services
Retirement Plan Advisory Services
Employer Administrative and Technology Services
HR/ERISA Compliance Services
CarePlus Benefits Exchange
McGriff Insurance Services, Inc.
BB&T Insurance Services of California, Inc.
McGriff, Seibels & Williams, Inc.
Precept Insurance Solutions, LLC
ProView Advanced Administrators, LLC
Precept Advisory Group, LLC
Long-Term Cost Management
Industry: Aerospace & Defense
Funding Type: Self-Funded
Health and Welfare Premiums: $35 Million
Explaining the lax enforcement in the past
Merger and acquisition activity caused inconsistent protocol of dependent eligibility verification
No amnesty period was provided
Align Plan Documents with administrative procedures
Realize cost savings by removing ineligible dependents from plans
Address Sarbanes-Oxley concerns
Increase accuracy of enrollment data
Implement protocol for future enforcement
Develop and distribute communication documents requesting proof of eligibility such as: full-time student status, domestic partner, Incapacitated child
Establish a help desk to address employee questions pertaining to the instructions audit instructions
Communicated ineligible records to carriers and employees
Process supported by required audit controls
Updated current enrollment data
Savings of $1.5 million
Eliminated future financial exposure
Established proactive and ongoing protocols to proactively manage and enforce dependent eligibility rules outlined in an "Enrollment and Administration Workflow"
HEALTH CARE REFORM
©2019 FBP Insurance Services, LLC, ProView Advanced Administrators, LLC. All rights reserved
Insurance products are offered by McGriff Insurance Services, Inc., a subsidiary of BB&T Insurance Holdings, Inc. CarePlus is a brand of F.B.P. Insurance Services, LLC, CA
license #0747466. McGriff Insurance Services, Inc., CA license #0C64544. BB&T Insurance Services of California, Inc., CA license #0619252. Precept Insurance Solutions, LLC,
CA license #0747466. McGriff, Seibels & Williams, Inc., CA license #0E83682.
Insurance products and services offered through McGriff Insurance Services, Inc., a subsidiary of BB&T Insurance Holdings, Inc., are not a deposit, not FDIC insured, not
guaranteed by the bank, not insured by any federal government agency and may go down in value.
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