Answering Your Questions
If you're still not sure how the allmybenefits® approach works, have no fear. Ginger is here to answer many of the questions our clients have before signing on.
I am! And I really do have red hair. Have you seen Flo from Progressive, or the GEICO Gecko, AFLAC Duck, Mayhem from Allstate, or Jake from State Farm? That’s me, except our prices are too low to put me on TV. Who says employee benefits can’t be FUN?!- ABOUT US -
Q | Who is Ginger?
I am! And I really do have red hair. Have you seen Flo from Progressive, or the GEICO Gecko, AFLAC Duck, Mayhem from Allstate, or Jake from State Farm? That’s me, except our prices are too low to put me on TV. Who says employee benefits can’t be FUN?!
Q | ARE YOU A START-UP COMPANY?
Nope. We have the exciting vibe of a start-up, but all the wisdom that comes with an established business. allmybenefits® is actually powered by intellicents®, an employee benefits consulting firm whose roots stem back 40 years.
Q | WHAt Size CLIENTS DO YOU TYPICALLY WORK with?
Our sweet spot is employers with 50 to 1,000 employees. Our largest client has over 2,800 employees, and we have numerous clients with less than 25 employees.
Q | DO I GEt A CHOICE OF BENEFIT PLANS AND CARRIERS TO MAKE AVAILABLE TO MY EMPLOYEES?
Yes. You can keep the exact benefit programs, carriers, and providers that you have today. Or you can work with our Consultants to explore alternatives that may better fit your employees’ needs, or that are less expensive. Bottom line, we're here to save you cash and headache.
Q | ARE YOUR PEOPLE FULLY LICENSED?
Of course! Completely licensed, and non-certifiable. You see, we like to have fun, but in all seriousness, our team of experienced Consultants and Relationship Managers have all the appropriate insurance and investment securities licenses to service you and your employees.
Q | HOW CAN allmybenefits® SAVE MY COMPANY AND EMPLOYEES MONEY?
We can actually help you save money four ways:
BUNDLING – The more employee benefits services you put with us, the more your potential savings. We are kind of like the cable company that way.
EFFICIENCIES – Our allmybenefits® Bright Choice Exchange not only gets rid of paper enrollment forms, but can also send enrollment information electronically to your HRIS, payroll provider, insurance carriers, and benefits providers – streamlining your benefits program administration and helping your HR department go paperless.
PLAN DESIGN – We can show you how taking a “Defined Contribution” approach to your entire employee benefits program can not only give you predictable benefits costs, but save you money.
- BENCHMARKING – By comparing you costs against industry averages we can negotiate your current carriers and benefit providers lower. For example, we have helped other employers just like you cut administrative fees on their 401(k) by over 50%.
Q | HOW DOES THIS “DEFINED CONTRIBUTION” APPROACH WORK?
Think about your retirement plan. You set a contribution amount, put together a menu of funds, and then it’s up to your employees. Why not take the same approach with your other employee benefits? Instead of giving your employees a “one-size-fits-all” or limited menu benefits program, why not just give them money to buy the benefits that they actually need and that fit their budget? Your employees then use the Bright Choices Exchange, to shop for the benefits that give them the best protection for their personal situation. Think about it – you effectively get out of the “benefits business” – and our surveys show that 96% of employees prefer to choose their own benefits rather than have their employers choose for them.
Q | WHAT IS AN EXCHANGE?
In a nutshell, our Bright Choices Exchange is an online benefits administration system that also includes robust decision support tools to help your employees enroll in a benefits program that best fits their actual needs.
Now you may be thinking this sounds like your current HRIS system through your payroll provider or the ben admin system that your current benefits broker has brought to you. Well our Bright Choices Exchange provides your employees a Personal Benefits Shopper. They answer a few questions about their health, finances, and personality, and then receive a personal recommendation on a benefits package that fits their needs and budget. In addition, our team of experienced advisors will provide one-on-one consultations to assist your people with their benefits questions and needs.
Q | HOW CAN ALLMYBENEFITS® HELP CONTROL ALL THE RISKS OF OUR BENEFIT PLANS?
We can make your benefit costs predictable. In addition, we can take all the fiduciary responsibility of selecting and monitoring the investment funds in your retirement plan off your shoulders.
Q | HOW CAN ALLMYBENEFITS® HELP CONTROL OUR HEALTH INSURANCE COSTS?
We can take away the annual “juggle” of your health insurance costs. Every year you either pay more, change carriers and plans, limit coverage, or shift costs to employees. We will help you set a “Benefits Budget”, and then work with your employees to help them control their budget by providing them our allmymoney Financial Wellness app. People spend money more wisely when it’s their own.
Think of it as a “long-term employee benefits strategy” that provides
Predictable Benefits Costs;
Streamlined Benefits Program Management; AND
Increased Employee Satisfaction.
It all adds up to less time spent on sorting out and managing your benefits needs, and more time growing your business!
Q | HOW DO I PAY YOU?
The same way you are currently paying your agent, advisor, and payroll provider—only less.
Q | WHAT IS YOUR SERVICE STRUCTURE FOR MY FINANCE AND HR STAFF?
You will have a Consulting Team that will quarterback our relationship with you. In addition, both a Group Insurance Relationship Manager and a Retirement Relationship Manager will be assigned to you to assist with day-to-day employee benefit questions/issues and lead employee education/enrollment efforts.
Q | DO I HAVE TO CHANGE ANY OF MY CURRENT BENEFIT PROGRAMS IF I CHOOSE TO GO WITH YOU?
No, but you can. Sometimes a change can lead to even more savings. Talk to one of our allmybenefits® Consultants.
Q | IS THERE ANYONE ELSE OUT THERE WITH THE SAME APPROACH TO BENEFITS AS YOU?
Yes. The most notable at this point is Zenefits out of California that has recently entered the upper Midwest market. We encourage you to compare our service to theirs. Then, well, let's be honest...we can't wait to hear from you.
Q | WHAT'S WITH THE CHEESY DORITOS?
We're NACHO traditional approach to employee benefits, so how better to tell that story but with the best nacho cheese chips in the universe? And we don't even have an endorsement deal! Yet.
- GROUP INSURANCE -
Q | WHAT CARRIERS ARE YOU LICENSED WITH?
Good news! allmybenefits® can work with any carrier or insurance company.
Q | HOW WILL MY ANNUAL HEALTH CARE PLAN RENEWAL BE HANDLED?
Your allmybenefits® Group Insurance Relationship Manager will be responsible for compiling the renewal package on all your group insurance benefits. After internal review and analysis by your allmybenefits® Consultant, the finalized renewal package (including any necessary competitive bids) will be delivered to you in person for a thorough review.
Q | CAN MY EMPLOYEES GET HELP ON WHICH HEALTh insurance PLAN WILL BEST FIT THEIR NEEDS?
Yes. Our Bright Choices Exchange offers them a number of health plan options – plans that provide good coverage with low deductibles, and plans that have low premiums with higher deductibles. Our “Tell Me More” education resource hub has articles, videos, and FAQs that explain insurance terms without jargon. Our online Personal Benefits Shopper will recommend a plan that fits their health, wealth, and personality; or they can meet with our professional staff in person, or call us to get all their questions answered on their entire benefits package. We put the control of personal decisions in their hands, but give them both technology and in-person help to make their choices.
- RETIREMENT PLAN SERVICES -
Q | WHO WILL BE THE ADVISOR AND/OR AGENT ON MY PLAN?
Q | CAN YOU REDUCE MY FIDUCIARY RISK FOR MY RETIREMENT PLAN?
Sure thing! We can take on all fiduciary responsibility and risk of selecting and monitoring the investment funds in your retirement plan off your shoulders. Some call it risk-aversion, others call it 3(38) services - we answer to both.
Q | WILL I HAVE A CHOICE OF INVESTMENT OPTIONS WITH MY RETIREMENT PLAN?
You betcha. Our investment professionals (yes, some from the Minnesotan tundra) can search the entire fund universe for suitable options for your retirement plan.
Q | WHO WILL MONITOR THE INVESTMENT OPTIONS IN MY RETIREMENT PLAN?
We will. Our investment professionals, led by our Chief Investment Officer, will either assist you with this fiduciary responsibility, or will completely take on this fiduciary responsibility for your plan. Either way, quarterly, you will receive a report card benchmarking the performance of your retirement plan’s investment options, along with any recommendations or actions taken.
Q | HOW WILL MY EMPLOYEES KNOW HOW MUCH TO SAVE FOR RETIREMENT?
Every year we will provide your employees with a Retirement Readiness Report, detailing not only how much money they will have to accumulate to have a comfortable retirement, but also how much they need to save to get there. In addition, our team of retirement professionals will come onsite to answer your employees’ retirement questions.
Q | CAN MY EMPLOYEES GET HELP ON HOW TO INVEST THEIR RETIREMENT PLAN MONEY?
You can bet on it! Our Consulting and Relationship Management staff is fully licensed to help your employees with their retirement plan investment needs. This service is available both during our onsite one-on-one consultations, and also via toll-free telephone access. AND… at termination of employment or retirement, we have a specialized group of wealth management investment professionals to assist with your employees’ questions and investment needs. We call it allmymoney® and we're standing by to help your employees with it all.
Q | HOW WILL THE allmybenefits® BRIGHT CHOICES EXCHANGE HELP MY EMPLOYEES WITH THEIR BENEFITS QUESTIONS AND DECISIONS?
The Bright Choices Exchange helps employees easily select a benefits portfolio that meets their coverage needs. With robust, simple to use decision-support tools and educational materials, Bright Choices is there for employees, all year round. It guides employees to select the right coverage for themselves and their family - and makes it simple and enjoyable. Just the way we believe employee benefits shopping should be. The individual simply has to complete the following:
COMPLETE A PROFILE – Employees fill out a simple questionnaire about their health, wealth, and personality.
SHOP FOR BENEFITS – Next, they receive a personalized recommendation based on their answers. Employees are then free to choose the recommended portfolio or continue to shop for benefits in the exchange.
- Once enrolled, employees can access information about their benefits, track expenses with Simplee®ONE and make enrollment changes due to life events.
- PAYROLL + HRIS + BENEFITS ADMINISTRATION -
Q | WILL allmybenefits® integrate with our PAYROLL and hris systems?
Q | WILL YOUR PEOPLE COME ON-SITE TO TRAIN US ON YOUR PAYROLL AND HRIS SYSTEM?
Yes, you bet! (Did we mention Ginger is from Minnesota?)
Q | WILL MY EMPLOYEES BE ABLE TO ENROLL IN THEIR BENEFITS ONLINE?
Yes. Enrollment will be paperless for your HR department via our Bright Choices Exchange.
Q | can allmybenefits® ASSIST WITH OUR ACA REPORTING and compliance?
Q | HOW WILL allmybenefits® HELP WITH MY MONTHLY BENEFITS ADMINISTRATION DUTIES?
Our Bright Choice Exchange gets rid of paper enrollment forms by sending information electronically to your HRIS, payroll provider, insurance carriers, and benefits providers – streamlining your benefits program administration and helping your HR department go paperless. But that’s not all… it provides consolidated billing, and assists with monthly/eligibility and with the ‘not so fun’ ACA reporting and compliance.
- SERVICES TO YOUR EMPLOYEES -
Q | WILL YOU BE ABLE TO HELP MY EMPLOYEES WITH ALL OF THEIR BENEFITS QUESTIONS?
Yep! Our Consultants and Relationship Managers have the training, experience, and licenses to help your employees with all their benefit questions. Meet our team; you'll be glad you did.
Q | WILL YOUR PEOPLE COME ON-SITE TO HELP OUR EMPLOYEES MAKE BENEFITS DECISIONS?
Yes. Unlike our national competitors with a similar business model, our service isn't just about technology and a call center. Our service also includes experienced employee benefits professionals who will come on-site to help your employees with their benefits questions and decisions. Call us old-school, but we say face time still trumps screen time.
Q | HOW OFTEN DO YOU COME MEET ON-SITE WITH EMPLOYEES?
Our standard service includes annual participant group meetings and one-on-one consultations with your employees; but we can come more often if you would like.
Q | can my employees reach you by phone for their benefits questions?