Products and Services
Benefit Design Specialists (BDS) is a Brokerage and Administration Agency in one, all under the same roof. You will work with a single point of contact for all of the services listed below. There is no confusion for you or your employees, one phone call to handle all your needs.
Benefits Consulting for High Deductible Plan Designs & Administration
- Medical Expense Reimbursement Plans (MERP)
- Health Reimbursement Accounts (HRA)
- Health Savings Accounts (HSA)
- Reimbursing Employee Prescriptions (REX)
- Self-Funding
- Consortium Models
- Capability to MERP HSA Plan Designs to your desired plan
- Online services available to employers and employees for all of the above
Section 125/Cafeteria Plan & Section 132/Transportation Plan
- Full Cafeteria Plan design to coordinate with clients personal plan:
- Premium Only Plans (POP)
- General Purpose Flexible Spending Accounts (FSA)
- Limited Purpose FSA
- Dependent Care FSA
- Section 132 Transportation Plan FSA
- HSA
- FSA Debit Card administration
- Discrimination Testing
COBRA Administration
- Full service online COBRA Administration
- All notices and premium collection handled by BDS
- Employer involvement is limited to notifying BDS of new hires and terminations
Welfare Plan Documents
- 5500 Filing – Regular and Voluntary Correction
- Wrap Plan Documents
Brokerage & Consulting Services
- Design and Implementation of Benefit Plans
- Employer Forecasting and Benchmarking
- Renewal product/carrier analysis
- Employee benefit communications
- Persistent renewal negotiations
- All lines of coverage: Medical, Dental, Vision, Disability, and Life Insurance
Specialty Services
- National Account Health and Welfare Plan Brokerage
- Carve out Accidental Death & Dismemberment
- Global Travel Accident Plans
- International Safety Security and Out of Country Medical
- Expatriate Plans
- Special Risk
HRIS & Payroll
- Services can be bundled or broken down to fit employer needs
- Seamless system for handling all benefits information
- Payroll processed directly from the HRIS system in a few easy steps
- In-depth reporting for not only HR, but for business owners to finally get a handle on how their business operations and employees are performing
HR Assistance
- Senior HR Executive on staff to handle any questions or concerns in the HR Field
- No more guessing as to whether or not you are making the correct/legal decisions
- Resources are made available through online technology so HR Directors can stay on top of the regulatory updates
Voluntary Benefits
- Workplace voluntary benefits are available to employees for all lines of coverage, types of programs include: Accident, Sickness, Cancer, and Disability.
Wellness Programs
- Wellness programs are customized, by one of the industry leaders, to suit your company’s specific needs.
- Very intense monitoring and education of the wellness plan, throughout the year, to ensure high employee participation.
- Our services in this area are meant for employers that want to seriously modify their employee’s behavior for a real future ROI, this program is not meant for an employer that just wants to have a nice “value add.”
Personalized Claims Assistance
Employees have a direct contact to deal with any claims, processing, or approval problems they may encounter when dealing with any particular carrier. Instead of you or your employees wasting valuable time on the phone with the carriers, we handle the resolution of all of these issues for you. Rest assured that every issue is taken care of quickly and efficiently, with very little employee involvement.
