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New products and trends have emerged in the insurance industry over decades, such as the increased flexibility of a Health Spending Account (HSA), but there has been one constant: traditional, fully-insured group insurance. Group insurance offers benefits coverage to a defined group of individuals, such as employees of a company, members of an association, or union members. This type of insurance safeguards against the financial risks associated with illness or death.
An association is a group of businesses or companies that all provide the same type of services. These companies come together to form an association in order to protect and serve their mutual interests. Here’s a few examples of common industries and professions that might create associations
A TPA is an organization that handles the operational and administrative duties of an employee benefits plan and is different from an insurer. They are experts in benefits administration and can work with Insurers to provide benefits coverage and more personal service. TPAs were created to fill a gap in the insurance marketplace where administration needs were growing more complex (specialized employee eligibility requirements, hour bank systems, etc.).
A robust employee benefits plan not only promotes the well-being of employees but also fosters a more engaged and productive workforce. Serving as a pivotal component of the overall compensation package, a well-crafted benefits plan is instrumental in attracting and retaining top talent, thereby enhancing your organization's competitiveness within its industry.
Onboarding employees into your company's benefits plan might seem as straightforward as completing a few forms—and we strive to simplify it as much as possible. However, the process is nuanced and critical, with potential pitfalls such as improperly enrolling an employee or missing their enrollment, which could lead to inadequate coverage or no coverage at all, causing stress for both the employer and the employee.
Besides wages, employee benefits stand out as a crucial factor in both attracting and retaining valuable staff members.
Whether you’re starting a new insurance plan or you already have one – you want to get the best value for your money. An important part of making that happen is working with a specialist. A dedicated Group Insurance Advisor stands as a committed ally to your benefits strategy.  But what makes for a great group insurance advisor? And what exactly should your advisor be doing to support you?
As the Benefits Plan Administrator within your organization, you shoulder additional responsibilities beyond merely liaising with the employee benefits provider. Your role extends to the meticulous day-to-day upkeep of your company's benefits plan.
Group insurance plan administrators play a crucial role in the effectiveness of employee benefits schemes, bearing significant responsibilities and potential liabilities. It's vital to have a deep understanding of this role to excel as a plan administrator.

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