Data Analytics Helps Enhance Employee Benefit Strategies
Your employees are critical to the success of your business.
Group Benefits
We are here to support you in delivering employee benefits that are conscious of your corporate goals.
We listen. We customize. We care.
We are committed to working hard to get to know you and your company, and to creating a customized plan that offers cost-effective strategies. Our team is experienced in the design, administration, and management of employee benefits programs, as well as identifying best-in-class resources and tools to support you.
We do more than just work with you to acquire the basics, such as: Dental, Vision, Life & AD&D, Short-Term Disability, Long-Term Disability, Critical Illness, Voluntary Benefits. Our team thrives on understanding your unique needs and providing solutions that are efficient and effective for your company and employees.
Customized Group Medical Plan
We know that your employees are your most important asset. In today's complex insurance marketplace, having the knowledge and support of an experienced team of insurance professionals on your side who can assist with balancing comprehensive employee health care coverage while managing costs associated with health care plans.
From simple HMO plans to complex self-funded plans, we can help you choose the right group medical plan to meet your company’s objectives.
Services include:
- Carrier network analysis and RFP management
- Premium negotiation: plan design and alternative funding analysis
- Captive model evaluation
- Claims reporting
- Underwriting analysis
- Stop loss and reinsurance assessment
Pharmacy Consultation
With the increasing complexity of insurance rules and the rising costs of prescription drugs, it's important to understand your options. We offer prescription drug coverage that can be tailored to fit the specific objectives of your company.
We assist you with exploring traditional group pharmacy programs, co-pay alternatives, and mail order plans to manage escalating costs of prescriptions. We can help you identify the pharmacy benefits manager that meets your goals and helps keep costs under control.
Services include:
- Pharmacy benefits manager contract evaluation
- RFP management
- Plan design
- Network maximization
- Rebate opportunities
- Reinsurance options
Wellness Programs
Boost your benefits offerings and your bottom line through benefits and incentives that encourage healthy choices. Healthier employees can ultimately have a positive impact on medical costs.
We will serve as a consultant, working closely with you to analyze claims data, understand your organization's challenges and find the right solutions. We help you implement those programs, educate employees, and track the results.
Examples may include:
- Wellness and stress management
- Financial literacy
- Health and fitness incentive programs
- Preventive health screenings
- Discount programs
Additionally, we can assist you with finding and implementing health risk mitigation programs and recommend additional strategies to help your employees stay healthier – seeking to contain or reduce costs.
Self-Funding Solutions
You may choose self-funded (or self-insured) plans as an alternative to fully insured solutions, which can be more heavily impacted by rising health care costs and taxes. Instead of using a standard plan from the insurance carrier, self-funding gives you the flexibility to design a plan that more fully meets your employee and organizational needs and allows for cost-controlling adjustments along the way.
Our team is experienced to efficiently handle the many details of launching this funding arrangement – and the ongoing claims analytics to help you proactively manage costs and risk exposures.
Services include:
- Plan design and implementation
- Claims data analysis
- Claims risk management
- Claim and cost projections
Simplify your Experience
Through our relationships with industry leading providers, you can count on us for comprehensive, customized solutions. We work together with the external vendors that best meet your needs, including payroll, human resource outsourcing, and wellness programs.
Online Account Management
Creating simplicity for you is our top priority. Save time with Client Connect, a personalized online portal that provides access to the account information you need when you need it. It also keeps contact information for both our Account Management team and the insurance companies in one easy-to-find location, which can help speed up the process.
Employee Navigator
Employee Navigator’s end-to-end benefits administration software helps you offer your employees an extensive benefits package. Enroll new hires, compare and select plans, monitor employee enrollment status and deadlines, manage contribution levels, review customizable reports, and more.
Benefits Resources
Access HR resources for you and your team. Download and share content including general benefits insights, compliance, legislative changes, and tools for your employees. Brought to you by Zywave, a leading provider of insurance technology.
Resources & Insights
How to keep remote employees engaged
Managers at companies of all sizes and industries are grappling with supporting and engaging employees during this extraordinary time.
Resources & Insights
Self-Funded Group Plans
Self-funded plans offer employers a potentially cost-saving alternative.
Resources & Insights
Insurance Market Brief Spring 2021
As the pandemic continues, many businesses have yet to experience a full 12-month cycle of changes in their insurance program.
Our Team
Benefit from working with a team of seasoned industry-specific specialists who think like you do. Our team has come from diverse aspects of the Employee Benefits business including working at carriers and other brokerage companies. Their collective knowledge and expertise is your advantage.
Read about the Benefits Group Difference (PDF) >
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Client Connect Resources >Access your customized portal for account resources and documents including your Account Management team and insurance company contact information. |
Insurance Products offered are: NOT FDIC Insured • Not a deposit in, obligation of, nor insured by any federal government agency • Not guaranteed or underwritten by the bank • Not a condition to the provisions or terms of any banking service or activity.
Insurance products are offered by M&T Insurance Agency, Inc., not by M&T Bank. Insurance policies are obligations of the insurers that issue the policies. Insurance products may not be available in all states.
The content of this page is for informational purposes only. It is not designed or intended to provide financial, tax, legal, investment, accounting, or other professional advice since such advice always requires consideration of individual circumstances. Please consult with the professionals of your choice to discuss your situation.