Our Approach

Our Approach

We serve as an objective advocate for your company. We leverage our expertise to help you develop strategic benefits plans, find the right insurance products for your employees, and improve your bottom line. You can research products and solicit bids yourself, but too often, you end up choosing vendors based solely on price. Insurance reps are focused on selling you their product, so they are far from objective. The only way to ensure that you are getting expert advice and recommendations is by establishing a long-term relationship with an independent brokerage/consulting firm.

Compliance

Not only are employers concerned about the new PPACA provisions but concerns over HIPAA, COBRA, ERISA and IRS Section 125 still exist and carry penalties of their own for non-compliance. Very few people realize the potential penalties associated with these laws if their welfare plans are not administered properly.  Through our integrated approach we are able to help keep your benefits all “under one roof” and properly deliver the message to your employees.

Benefits Communication

In addition to being important to maximizing your ROI; communication and documentation are going to be key for an employer during the new regulatory climate under the Affordable Care Act. How you offer your benefits package to your employees will be as important as what you offer them.

NorthPoint has over 30 years of insurance experience between its Senior Partners.  We are at the forefront of this quickly changing industry and we work closely with our clients because we are fully committed to meeting and exceeding expectations. We believe that no one solutions fits every situation and you can rest assured that whatever solution we present will be the best fit for your case.

We are proud that so many of our clients have repeatedly turned to us for guidance and assistance with their financial futures, and we work hard to earn their loyalty every day.

The health insurance world is changing.  In years past many people looked to their P&C broker or a relative for assistance because they held a life and health insurance license.  Due to the new rules and regulations business owners need more guidance and should demand much more from their insurance broker.  We have found in our careers that, with very few exceptions, employers care as much or more than the employees about the benefits package that is being offered.  Our job is to provide employers with the appropriate solutions to offer the employees and comply with sticky government requirements.

Cost

While cost is not the only piece to a benefits package it is certainly the most important.  Costs will drive carrier choice, plan design, and eligibility decisions.  Having every carrier that operates in the state of Indiana at our disposal has served us well because we are able to implement the best possible plan for the least amount of capital investment.

Keys to effective cost management

  • Plan Design Construction
  • Consistent Claims Review
  • Wellness Initiatives (passive or pro-active)
  • Funding Strategies
    • Fully Insured
    • Self-Funded
    • Partially Self-Funded
  • Employee Education
  • Renewal Management
  • Effective Compliance Measures

Plan Design Construction

Building a plan that fits each and every employee is nearly impossible.  Almost every individual or family unit has a different need.  A well-balanced medical insurance program with effect well communicated ancillary and voluntary plans will go a long way to provide the appropriate solutions for each participant.

Potential Solutions

  • Dual Choice Health Insurance Offerings
  • Health Reimbursement Arrangements
  • Health Savings Accounts
  • Employer paid or voluntary disability offerings.
  • Dental Insurance
  • Vision Insurance
  • Voluntary Supplemental Benefits

Having access to each and every carrier helps us craft an appropriate blend of plans for your employees.  In many situations, we find carrier representatives “selling” plans to employees without regard to what they currently have provided to them by their employer.