What makes Patterson Smith Associates truly unique is our five step Employee Benefit Evaluator process, which enables us to develop a custom solution specific to your organization.
Step 1: Identifying your needs and establishing your goals.
We begin with a comprehensive questionnaire to help you gain an understanding of the issues you face and determine where you want to go. This step also helps us understand your financial parameters, priorities and administrative capabilities.
Step 2: Evaluating your existing benefit programs and practices.
Once we work together to map out where you want to go, we’ll conduct a thorough review of your current coverages and the associated costs, as well as analyze your eligible employee population and contribution levels. In addition, we’ll assess the enrollment and communications process, and identify any relevant compliance or regulatory issues impacting you.
Step 3: Establishing your game plan.
Based on what you’ve told us, we’ll then prepare a written plan that specifically defines the actions and strategies your company should consider to achieve its goals.
Step 4: Implementing your game plans.
Perhaps the most important step in the process is acting on the plan design that best meets your needs. To help you do that, we can serve as your financial “quarterback” acting as your liaison between insurance companies and vendors and your company. We will also provide assistance with ongoing administration, including negotiation of renewals, enrollment, education and communication support.
Step 5: Monitoring your game plan.
Change is constant in today’s world. We recognize that over time, you may need to make adjustments to your plan in order to respond to different economic, legal or business circumstances. We will always be available to assist you in identifying opportunities and transitioning your plan to keep your goals on target.