Benefit Consultation
Groups
Mosaic Benefit Solutions functions as a link to the insurance industry
on your behalf. As consultants, Mosaic designs employee benefit plans
for our clients. We endeavor to assist our clients with the most cost
effective purchase of insured employee benefits that best fit our client’s
budget, needs and objectives.
The degree of service provided by the insuring company is always a
valuable component to the selection process. Insured employee benefits
plans include:
Mosaic provides retirement services for its clients. We can design
and administer plans and help with investment decisions. Programs include:
- 401 (K) plans
- Profit Sharing plans
- Defined Contribution plans
- Defined Benefit plans
- Simplified Employee plans (SEP)
- Non-qualified Deferred Compensation plans
- Executive Compensation plans
Individuals
Tailored benefit packages for individuals include:
- Life insurance
- Long-term Care insurance
- Accident insurance
- Cancer insurance
- Disability insurance
- Critical illness insurance
- Medical / Dental insurance
Tailored Benefit Packages
Groups
We provide benefit statements that clearly outline all benefits such
as vacations,
holidays, FICA taxes, workers' compensation, unemployment insurance,
and educational reimbursement allowing employees to clearly see personalized
benefit information.
Individuals
Mosaic provides a comprehensive breakdown of all benefits every individual
has obtained through Mosaic.
Evaluation of Benefits
One of the most valuable components of a total compensation plan for
your employees is a quality benefits plan. Mosaic will sit down with
you one on one to outline what benefit options are available for your
budget, and what voluntary benefits to offer.
Business Insurance Plans
Key-Man
With key-man coverage, your business will be protected if one of your
important employees were to pass away. Nearly every business has at
least one “key” employee that is absolutely necessary for the success
of the business. In fact, many businesses have several key employees.
Some typical types of key employees include:
- CEOs
- Owners
- Presidents
- Vice Presidents
- Accountants
Buy / Sell
Within a closely held corporation, shareholders are often concerned
about what might occur if one of the owners dies. Will the deceased
shareholder’s family retain the economic value of the corporate
interest? Can the surviving owners avoid interference from the deceased
shareholder’s family? Will the survivors have the economic resources
to redeem the deceased owner’s interest? Given these concerns,
corporate owners might be best served by entering into a buy-sell agreement
while they are all alive.
Any buy-sell agreement requires a decision regarding the type of insurance
policy to purchase. Let us help you choose the type of policy that
is most suitable for your agreement.
Retirement Planning
401Ks
Annuities
IRAs
Profit-Sharing Plans
Deferred Compensation Plans
College Funding
Let us sit down
with you and help you evaluate your needs and help customize a plan
to meet your child's or grandchild's educational goal.
Enrollment Services
Mosaic has a custom enrollment and benefit administration solution
that allows for the efficient enrollment of your core, supplemental
and voluntary benefits, no matter how distinctive your benefit program.
Mosaic enrolls clients using a variety of methods including traveling
field staff, providing one-on-one communications for paper and laptop
enrollments, and a call center staffed with benefit professionals.
Our expert enrollment staff members are licensed professionals and
proficient in many types of benefits. Mosaic provides superior service
by satisfying employee needs during the enrollment process and comprehensive
employer communication and reporting at enrollment close.
Mosaic provides benefit enrollment services to entities with varying
needs through:
- On-site employee group meetings
- On-site management enrollment training meetings
- On-site one-on-one employee meetings with qualified benefits consultants
who:
- are licensed professionals for insured benefit enrollments
- are knowledgeable in pre / post-tax payroll deduction benefits
- are proficient in the communication of voluntary insured benefits
and all employer sponsored plans
- can provide laptop data collection
- can provide paper carrier application collection and processing
(as needed)
- Printed employee communication materials
- Call center staffed with experienced and qualified benefit professionals
- Electronic enrollment file processing for employer payroll and
carrier benefit submission at enrollment close to the client / carrier
specifications
Standard Enrollment Implementation Services
- Establish timing and benefits to be communicated
- Select enrollment service method
- Set schedules and make travel arrangements for on-site enrollments
- Order printed materials as needed from carriers / vendors
- Establish data exchange parameters
- Understand and communicate rate and benefit structures to be enrolled
- Train enrollment staff on benefits to be enrolled and carrier requirements
- Prepare test data exchanges for demographic, eligibility and enrollment
files
- Preload demographics, benefits and rate information into BenCentral
for on-line, or laptops for on-site enrollments
Standard Enrollment Services
- Communicate benefits to eligible participants through elected
method ( on-line, on-site, call center, employer distribution, or
U.S. mail )
- Collect and upload benefit enrollment information to EBS systems
for both pre-tax and post-tax
- employer contributions
- employee contributions
- Receive and process election terminations and changes during enrollment
period
- Review enrollment data and paper applications for accuracy
- Communicate collected enrollment information to payroll, HR / benefits
and / -or carriers, as agreed
- Process paper and electronic applications and provide to carrier,
as required
- Communicate any enrollment or application adjustments to employer
and carriers, as needed
Standard Customer Services
- Toll-free live customer service center support
- Customer service available via e-mail
- Dedicated enrollment manager at client level
- On-going carrier support for application processing
Standard Renewal Services
- Update plan design and data exchange requirements
- Update plan year benefit information and census data in systems
- Establish timing and benefits to be communicated
- Train enrollment staff
- Order printed materials, as needed
- Provide enrollment services as outlined above
Optional Services (additional fees apply)
- Custom or divisional reports
- Custom programming or data mapping
- Custom enrollment confirmation communications
- On-going benefits eligibility tracking (EBS becomes system of record)
- On-going invoice reconciliation support for all benefit invoices
- On-going new hire and status change enrollment support
Benefit Statements for Employees
Utilizing personalized employee benefit statements
helps you communicate the total value of your employee benefits
program.