The employee then bills this account for the expenses as they occur. This results in even more savings for both the employee and the employer. No individual benefit plan exists in a vacuum. To achieve maximum effectiveness, it should be coordinated with both existing and future benefit plans so that it fits into an overall corporate fringe benefit philosophy. With this approach in mind, we work with management closely.
Fringe benefits play an important role in overall compensation, employee recruitment, and retention.
Management's attitude toward cost sharing with employees and the amount of inflation risk the company can shoulder must be determined. Tax ramifications and the cost of plan operation and administration affect the design of your plan. Additionally, the demographic makeup of your work force as well as employee perception and acceptance should be considered. Only after we carefully evaluate each factor do we recommend a plan or a combination of plans appropriate for you. Communicating a new benefit program is critical to the success of that program.