EMPLOYEE BENEFITS

SOLUTIONS

More than a “one-size-fits-all” solution.

Our Services

From compliance to communication, CoVerica can provide the full spectrum of solutions for you and your company. We understand the unique challenges you face. Let us do the heavy lifting.

Our Approach

We’re more than brokers. We’re advocates. When navigating the world of insurance, it helps to have someone who goes on the journey with you and speaks the language.

Our Technology

Our employee self-guided enrollment system allows your employees to look up their own benefits, while also enabling your HR department to keep tabs on payroll, track assets, and so much more.

Our Services

EXCEEDING EXPECTATIONS

As an employer, you have a full spectrum of needs when it comes to benefit solutions. From insurance guidance, analytics, compliance & legislation guidance, online enrollment, and communication resources, CoVerica provides the full package.

From Brokers

The average broker meets your basic needs when it comes to claims, plans and renewal negotiation. What about open enrollment? New legislation? Department of Labor (DOL) compliance?

From Technology Companies

New tech giants can be focused on curing the pains of HR, such as benefits administration and small compliance issues, but lack the personal touch and insurance expertise that an independent broker like us provides.

Did You Know?

32%

32 percent of business plans audited by the DOL received fines of over $10,000.

No need to worry—you can rest easy with our regular compliance newsletters, articles, action plans and support to keep you up to date and in the know.

89%

89 percent of employees expect decision-making tools during open enrollment.

Our decision support tools match your industry, region and company size from a plan design perspective. We’ll provide medical and prescription analytics, employee retention plans and open enrollment assistance specified to your business needs and goals.

54%

54 percent of employees say selecting a health plan is more complicated than solving a Rubik’s Cube.

Take the guesswork out of plan selection and simplify your day-to-day operations with our streamlined online enrollment, vacation tracking and more on a customized intranet site.

34%

Only 34 percent of employees were aware of wellness plans offered by their employer. An inactive employee can cost you up to $1,500 extra in health costs per year.

Communication is the most important part of any relationship. Let us help you engage and educate your employees by providing health and wellness plans, benefits guides, and numerous safety and awareness materials.

Our Approach

WE’RE YOUR INSURANCE ADVOCATE

We’re proactive when it comes to saving you money. In fact, if we find a comparable offering for a better price, we’ll let you know.

Do we want you to stay with us year after year? Absolutely. But more importantly than that, we want you and your employees to have an insurance solution that’s affordable and effective.

Fortunately for us, our dedication to finding better and better solutions for our clients usually results in a continued partnership.

The Benefits Selection Process

Plans

We review them all, every single one available to you, and then we create an easy-to-understand way for you to compare them. This saves you time, minimizes confusion, and streamlines the selection process.

Cost

The goal is to provide the right amount of insurance for the right amount of money. In fact, over time you’ll save more and more money with our proactive approach to shopping for bigger and better deals.

Advocates

When an employee has a claim, they’re never alone. Not only are we advocates for your business, but we’re advocates for the people who work there. We can explain the claims process, the claim itself, and how to appeal if necessary.

Carriers

You may not speak the language that insurance companies use, but we do. That means you get time back—we’ll talk with your insurers on your behalf, and you spend your time doing what you need to do.

Our Technology

TO AMPLIFY YOUR BENEFITS

Our employee self-guided enrollment system allows your employees to look up their own benefits, while also enabling your HR department to keep tabs on payroll, management duties, track assets, and so much more.

Employees: Allow your employees to enroll in benefits, request time off, sign important documents, and so much more from one easy-to-access portal. And the best part? They can do it all from their smartphones.

HR Department: Whether you have a room of HR professionals or one person, our portal can help them navigate and keep track of everything from employees to company assets. Stay on top of new hire onboarding, payroll, paid time off, COBRA and ACA, and so much more—all from one easy system.

Customized Resources to Fit Your Needs

BENCHMARKING SERVICES

How does your business measure up?

  • An attractive benefits program is vital for your recruiting and retention efforts, but it is also a significant expense. We can provide you with quality benchmarking data that allows you to analyze how other companies are structuring their plans, as well as the strategies they are using to cut costs, which may help make your own benefit plan decisions easier.

Are you curious about how other companies are responding to rising health care costs?

  • Knowing how other employers are addressing their benefits decisions can allow you to anticipate the shifting benefits landscape and evolve before your competition responds. We can provide you with data on how rising health care costs are affecting other employers.

Do you want more than just benchmarking data for health care costs?

  • Whether you are curious about how your voluntary disability benefits stack up or are wondering if your paid leave program is comparable to competitors, we likely have benchmarking data available.

HEALTH PLAN DESIGN BENCHMARK SUMMARY

See how your organization’s health plan offerings—including plan type, deductible and out-of-pocket maximums—stack up against national and regional competitors with the annual Health Plan Design Benchmark Summary.

EMPLOYEE BENEFITS BENCHMARK SUMMARY

See how your organization’s health plan offerings—including plan type, deductible and out-of-pocket maximums—stack up against national and regional competitors with the annual Health Plan Design Benchmark Summary.

HEALTH PLAN DESIGN BENCHMARK SUMMARY

See how your organization’s health plan offerings—including plan type, deductible and out-of-pocket maximums—stack up against national and regional competitors with the annual Health Plan Design Benchmark Summary.

HEALTH PLAN DESIGN BENCHMARK SUMMARY

See how your organization’s health plan offerings—including plan type, deductible and out-of-pocket maximums—stack up against national and regional competitors with the annual Health Plan Design Benchmark Summary.

BENCHMARKING SERVICES

ENROLLMENT SERVICES

Are your employees getting the most out of open enrollment?

  • An attractive benefits package won’t retain employees if they don’t fully understand the benefits being offered. Our agency can deliver the resources you need to effectively communicate with your employees about benefits enrollment.

Are your employees wise health care consumers?

  • Our Know Your Benefits series, along with benefit announcements, emails and posters, provide your employees with the information they need to make informed decisions when selecting benefits.

Could your enrollment services be more effective?

  • With our checklists, presentations and informative articles, we provide your staff with all the tools they need to succeed during open enrollment season.

COMPREHENSIVE GUIDES

Comprehensive enrollment guides are a crucial information source for employees during your open enrollment period. Each guide can be customized to fit your specific needs.

EMPLOYER RESOURCES

Open enrollment is vital to the success of your benefits program, but it is a complex and demanding process with many components, legal obligations and responsibilities. Let’s work together to make your next enrollment period more efficient and effective with employer-facing resources.

OPEN ENROLLMENT FORMS

Use customizable, interactive benefits election forms to make open enrollment easier.

EMPLOYEE EDUCATIONAL RESOURCES

Health and other insurance coverages are valuable benefits for employees, but individuals can only take full advantage of them if they understand what the benefits are and how they work. Access an array of employee educational pieces.

EMPLOYEE COMMUNICATIONS

One key for successful enrollment is effective employee communication. Provide your employees with hundreds of customizable employee communications, including posters, payroll stuffers, flyers and presentations.

ENROLLMENT SERVICES

HEALTH CARE COSTS SERVICES

Are you concerned about the rising cost of providing employer-sponsored health care benefits?

  • It’s no secret that the price of health care in the United States has increased over the past several decades. Our resources will help you explore the reasons for the rising cost of health care, and help you create a cost-containment strategy at your organization.

Do you want more information on health care consumerism or other cost-saving strategies?

  • Employers are becoming more proactive in instituting strategies and programs to reduce overall health care costs. Review our benchmarking data, educational articles and plan design options to learn about your organization’s options to manage costs.

Are your employees wise health care consumers?

  • Low health literacy often results in higher utilization of expensive health services like emergency care and inpatient visits, the costs of which add up quickly. Empower your employees to take charge of their health care. We have the resources to educate your employees on health care consumerism—and save you money.

EMPLOYER EDUCATION

Become educated on the reasons for the rise in health care costs, as well as how you can effectively manage these rising costs without completely cutting benefits, with our easy-to-read suite of employer educational materials.

CONSUMERISM SUITE OF RESOURCES

Learn more about health care consumerism, an emerging trend that can result in reduced medical costs and improved quality of health care by requiring employees to take charge of their health care decisions, with our expansive suite of consumerism resources.

BENCHMARKING REPORTS

Knowing how other employers are addressing their benefits decisions can allow you to anticipate the shifting benefits landscape and evolve before your competition responds.

INTERACTIVE HEALTH PLAN DESIGN BENCHMARKING TOOL

Let us help you create a customizable report to illuminate exactly how your organization and its health plan offerings compare to your competitors’. This tool allows us to work together to focus on your region, industry, plan type and group size to create a detailed benchmarking report.

EMPLOYEE COMMUNICATIONS AND EDUCATION

We have the resources to help you properly educate your employees and empower them to become wiser health care consumers. Tackle your mounting employee communication concerns with customizable benefits announcements, employee newsletters and presentations.

HEALTH CARE COSTS SERVICES

HIRING AND ONBOARDING SERVICES

Could your hiring process be more effective?

  • To help avoid the expense of hiring an unqualified employee or defending a discrimination claim, employers should have a controlled hiring process. The hiring process consists of a needs assessment, recruiting, screening, selecting and finally, hiring.

Does your organization have a detailed onboarding program?

  • According to a study by the Wynhurst Group, employees who go through structured onboarding are 58% more likely to remain with the organization after three years. Creating an effective onboarding program provides employers with a solid starting point during which they can communicate their values to their employees and explain why they do what they do.

Are you compliant with federal, state, and local laws regarding hiring?

  • Employment practices, including the hiring and interview process, are subject to numerous laws, many of which protect against various types of discrimination. Let us help you remain compliant and avoid the serious consequences of noncompliance.

COMPLIANCE

Before beginning your interviews, you should gain a basic understanding of the federal and state laws that affect the hiring process. Choose from a variety of attorney-reviewed Compliance Overviews and HR Q&As to learn more about federal and state employment laws.

HR INSIGHTS SERIES

Use the HR Insights series to learn more about various hiring and onboarding best practices and topics, like how to hire to fit your company’s culture and how to create an effective hiring and onboarding program.

HR TOOLKITS

Access the comprehensive HR Toolkits to become educated on interviewing, hiring and onboarding. Each guide provides an in-depth overview of the specified topic and offers best practices for implementation.

BENCHMARKING REPORTS

An attractive benefits program is vital for your recruiting efforts, but it is also a significant expense. We can provide you with quality benchmarking data that allows you to analyze how other companies are structuring their plans.

VOLUNTARY BENEFITS

According to a recent study by Aflac, 88% of employees view voluntary benefits as a crucial part of a comprehensive benefits package. Use our resources on voluntary benefits to learn what types of offerings will be beneficial for your organization.

HIRING AND ONBOARDING SERVICES

PLAN DESIGN SERVICES

How does your business measure up?

  • We can provide you with quality benchmarking data that allows you to analyze how other companies are structuring their plans, as well as the strategies they are using to cut costs, which may help make your own benefit plan decisions easier.

Would you like to know more about specific plan offerings?

  • Uncover the details of various plan offering designs with one of many comprehensive Plan Design articles.

Are you curious about what your employees think of your plan offerings?

  • Despite how well-designed your plan offerings are, they won’t be effective if your employees aren’t using them. Gathering employee feedback on your benefits offerings can not only help you adjust your offerings to better suit your workforce, but can also improve employee morale.

COMPLIANCE

Staying up to date and in compliance with all of the rules and regulations governing employee benefits and their changes—many of which are complex and involve mandatory notices and numerous deadlines—is a hefty task. Use the timely Compliance Bulletins and comprehensive Compliance Overviews to remain abreast of employee benefits compliance.

BENCHMARKING

Review annually updated benchmarking data to analyze how other companies are structuring their plans, as well as the strategies they are using to cut costs, which can help you make your own benefit plan decisions.

COST ANALYSIS TOOLS

Analyze costs on various plans with our suite of cost analysis tools. These tools include cost analysis for dental, vision and prescription drug costs.

PLAN DESIGN EDUCATIONAL RESOURCES

Choose from hundreds of regularly reviewed articles to learn more about certain plan designs.

EMPLOYEE FEEDBACK

Distribute anonymous surveys to your employees to gather feedback on your benefits plan offerings. Knowing how your employees view and use your benefits can give you insight into what you need to change or add.

PLAN DESIGN SERVICES

VOLUNTARY BENEFITS SERVICES

Do you want to improve your organization’s recruiting and retention efforts?

  • According to a recent study by Aflac, 88% of employees view voluntary benefits as a crucial part of a comprehensive benefits package. Expanding your voluntary benefits offerings can help you improve retention and recruit qualified employees.

How do your voluntary benefits stack up?

  • See how your organization’s voluntary benefits offerings stack up against national and regional competitors with annual benchmarking surveys.

Are your employees using your valuable voluntary benefits?

  • Stay ahead of the game with our educational articles. These resources walk you through offering retirement benefits, and includes articles on how to establish different types of plans, checklists and to-do lists.

EMPLOYER EDUCATION

Use the monthly HR Brief newsletter, the Voluntary Benefits Employer Guide, and the HR Insights, Benefits Insights and HR Q&A series to remain educated on the ever-changing rules, regulations and trends regarding voluntary benefits in the HR industry.

PLAN DESIGN

Want to know more about a certain voluntary benefits plan design? Uncover the details with one of many comprehensive articles.

TOTAL COMPENSATION STATEMENTS

Use the customizable total compensation statements to show your employees the true value of all of the benefits you provide.

BENEFITS EDUCATION AND COMMUNICATION

Help employees understand and take advantage of your voluntary benefits offerings with a variety of customizable articles, presentations, posters and emails, as well as a comprehensive Voluntary Benefits Employee Guide.

VOLUNTARY BENEFITS SERVICES

WELLNESS SERVICES

Is your workplace wellness program saving your organization money? Are you looking for a comprehensive insurance solution?

  • We have all the necessary resources to help you develop a wellness program that reduces health care costs. We will assist you in creating a program that suits your employees’ needs while also meeting your financial goals.

Does your broker provide monthly newsletters and flyers that promote employee health and wellness?

  • Whether it’s a simple monthly wellness newsletter or a comprehensive plan, we’ll help you develop a wellness program that fits your needs.

Are you too busy to build your own wellness program from scratch?

  • We can provide you with several completely customizable options that deliver everything you need to develop and implement a results-driven wellness program, including posters, guides and surveys to help you gauge your return on investment.

WORKPLACE WELLNESS GUIDES

The Workplace Wellness guides are comprehensive and cover topics like initiative implementation, health fairs and disease management programs.

STAND-ALONE WELLNESS PROGRAMS

Round out your wellness program with stand-alone programs focused on smoking cessation and weight loss. Our program guides are available in both employer- and employee-facing versions.

WORKPLACE WELLNESS SERIES

The Workplace Wellness series features over 50 articles designed to help employers create and implement their workplace wellness programs.

WELLNESS COMPLIANCE

Wellness programs must be carefully structured to comply with both state and federal laws. We have a variety of attorney-reviewed articles providing guidance on how to ensure your wellness program is compliant.

EMPLOYEE COMMUNICATIONS

Access a variety of employee-facing flyers, newsletters, posters, emails and guides designed to help employees live a healthier life.

WELLNESS SERVICES

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