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TBR Associates - The Benefits Resource

TBR Associates - The Benefits Resource But what do we really do and... why is it different from any broker – It’s just medical insurance right? If you think that you are paying way too much and getting way too little. It’s about strategy, communication and service.

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TBR Associates - The Benefits Resource

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  1. TBR Associates - The Benefits Resource But what do we really do and... why is it different from any broker – It’s just medical insurance right? If you think that you are paying way too much and getting way too little. It’s about strategy, communication and service. TBR Associates - The Benefits Resource

  2. The Benefits Audit- The blueprint for our relationship with our clients • It is a strategic planning and review process undertaken within the context of the company’s corporate goals and initiatives. • Employee benefits represent a significant portion of the company’s total budget and an employee’s total compensation. • Cost control is critical; so is offering the right benefit package, at the right price. • The right plan can actually help the company’s bottom line. • It helps with employee recruitment and retention and the company’s overall corporate goals. TBR Associates - The Benefits Resource

  3. So what does the audit do? • It assesses the current offerings. • It benchmarks the plans. • It provides recommendations for an improved, usually less expensive, benefit plan. • It provides a multi-year strategy. TBR Associates - The Benefits Resource

  4. Still not convinced there’s a TBR Difference? Let’s review a recent case study: • We provide services to a Boston based biotech company with approximately 85 employees. • This client received an 18% increase from their current medical carrier and was not in a position to absorb such an increase. • TBR marketed the medical coverage to other carriers, but also proposed reviewing high deductible plans with a Health Reimbursement Account (HRA) for potential savings. TBR Associates - The Benefits Resource

  5. The Result • After careful review and consideration, the client moved to a different medical carrier but also implemented the high deductible on both their HMO and PPO plans. • The savings from the plan design change enabled the employer to fully fund the deductible while saving the company $112,000 annually. • The transition to the new carrier and plan design was flawless due to extensive employee education and a strong relationship between TBR and our client. TBR Associates - The Benefits Resource

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