Brown & Brown’s employee benefits practice makes your people our business. Backed by our national strength, our local service teams utilize our knowledge and experience to optimize the value created by your employee benefits program. Whether improving employee attraction and retention, getting the most out of your vendor partners, or helping you assess the most suitable technology to meet your needs, our thoughtful and customer-specific solutions give you peace of mind.
Offerings
Investing in health and performance programs is becoming increasingly important to attract and retain top talent. Engaging employees to increase ownership in their own health and financial well-being empowers them to become a smarter consumer and a more active participant in creating positive results. With studies showing that employees who are actively involved in their healthcare experience have better outcomes, the return on investment for organizations is high. At Brown & Brown, we make your people our business. You can create an employee benefit plan with our comprehensive portfolio of solutions to fit your company’s unique needs.
Medical
Getting the Most from Your Medical Benefits
Compliance with applicable State and Federal regulations
Renewal negotiations and vendor procurements
Budget development and ongoing financial monitoring
Actuarial support and analysis
Vendor management and customer advocacy
Plan document and employee communications review
Developing medical plans that work for you
Constantly increasing medical costs is an agenda item in any budget discussion.
Managing the cost of a medical benefit program while improving engagement, retention, and satisfaction can be tricky to balance. Brown & Brown helps you manage your medical benefits spend by developing competitive programs that offer the right combination of quality and cost.
Pharmacy Benefits
Providing Independent Prescription Benefit Consulting Services that Fit Your Needs
Clinical, financial, and Pharmacy Benefit Manager (PBM) oversight
CMS compliance guidance
Copay assistance program
Manufacturer rebate audit
Medicare data validation
Ongoing surveillance and annual pricing audit
Rejected claims analysis
RFP services
Strategic pharmacy vendor management solutions
Making Pharmacy Benefits Work for Your Company
Pharmacy can be your highest utilized health benefit. Choosing the right vendor is critical to minimizing your prescription drug spend. Brown & Brown offers independent, data-driven auditing and consulting services to get and keep your pharmacy benefit costs under control. Our practical guidance can help you maximize your financial outcomes, eliminate pharmaceutical waste and abuse, and increase member satisfaction.
Dental
Offering Dental Plan Designs that Promote Well-Being
Plan design, pricing, and funding review
Plan marketing and implementation
Cost to the consumer assessment
Claim and process audits
Claims analysis
Plan integration with health and well-being programs
Network evaluation (access, utilization, net effective discounts, and quality)
Education, communication, and enrollment support
Good Oral Health is Key to Good Overall Health
Employees rank dental as one of the most valued benefit coverages. It is important to ensure the best dental benefits are being provided for your employees. Brown & Brown can help you build an evidence-based dental plan that complements your health and well-being initiatives while creating a stable risk pool and driving optimal utilization.
Vision
Promoting Overall Vision Health and Well-Being
Plan design, pricing, and funding review
Plan marketing and implementation
Cost to the consumer assessment
Claim and process audits
Claims analysis
Plan integration with health and well-being programs
Network evaluation (access, utilization, net effective discounts, and quality)
Education, communication, and enrollment support
Creating a Truly Transparent Vision Benefits Program
Brown & Brown’s consultative approach to vision benefits along with our research into current trends and customer-specific data allows us to recommend vision plan design options that promote overall health and well-being. Our strong relationships with carriers additionally ensure that plan participants receive high-quality educational tools.
Disability and Leave
Uncovering the Most Effective Disability Plans for You
Plan design, pricing, and funding review
Claims and reserve analysis
Process improvement
Benchmarking
Claim and process audits
Return to work and ADA advisory services
Vendor management/development and monitoring of performance guarantees
Marketing and implementation of coverages
Protecting Your Employees’ Income and Your Workforce
Ensuring your employees’ income is protected while also maintaining optimal workforce productivity and overall profitability can be challenging. Brown & Brown’s expertise around streamlined claim processes, plan design risk management, and competitive pricing can help you achieve this balance. We work with you to review your disability plans and determine how you can save time and money, reduce employee absences, and be in compliance with applicable laws.
Life
Creating Robust Group Life Insurance Plans for Your Employees
Plan design and pricing analysis (contract, SPD, and certificates gap analysis)
Underwriting analysis (premium, claims, reserves, expenses, and trends)
Plan participation review and targeted enrollment campaigns
Life and accident claims audits and social security master file death sweep audits
Group and individual life options
Financial review (claims analysis, waiver of premium analysis, funding options, retiree liability, and buy-out)
Ongoing program support through our “adviser on retainer” service model
Boosting Your Employee Loyalty with Robust Benefits
Life and accident insurance may appear simple, but it takes an in-depth understanding of these products to build the most competitive programs. Brown & Brown is an experienced advisor and delivers group life and accident insurance solutions that enable you to drive savings and enhance your employee benefits program.
Voluntary Benefits
Bringing More Value and Resources to Your Employees and Their Families
Group Discounts
Entertainment
Travel
Health and Wellness
Life Event Protection
Auto/Home
Life Insurance
Disability
Long-Term Care
Group Legal
Identity Theft
Financial Wellness
Tuition Programs
Student Loan Programs
Health and Well-Being
Accident
Critical Illness
Hospital Indemnity
Helping You Attract and Retain Top Talent
Attracting top talent is a key priority for any organization to continue to grow and thrive. A robust voluntary benefit program can attract and engage a multi-generational workforce and bring a high level of value to any organization. Brown & Brown makes voluntary benefit program implementation, enrollment, and communication easy for you.
Population Health & Well-being
Optimizing Employee Well-Being and Company Performance
Identify cost drivers – conditions, geographies, business units, networks, etc.
Review current solutions/programs in place
Perform a clinical and/or pharmacy assessment
Leverage on-site clinics
Develop a high-cost claimant prediction, warning, and monitoring system
Condition or issue-specific solutions
Driving Employee Engagement While Reducing Healthcare Costs
Healthier employees are more productive and higher performers. They have lower healthcare costs and are more likely to stay with their employer. Brown & Brown works with you to develop a comprehensive well-being strategy that will align with your business objectives and empower your employees.
Benefit Administration Systems
Providing Independent Council and Cost-Effective Technology Solutions
Strategic fit for your organization and your employees
Needs assessment
Cost
Current and emerging benefits administration technology platforms
Evaluation of vendors and technology partners
Education and decision-making support tools
Full program integration
Marketing and full-service implementation
Ongoing monitoring of solutions
Procuring Technology Partners that Fit Your Needs and Your Budget
The constantly evolving benefits technology marketplace can make selecting a first-time benefits administration partner, or upgrading your current partner, seem like an overwhelming task. Brown & Brown has undergone a significant vetting process, so we can recommend and implement a technology partner that fits your particular needs and budget.
Saving You Time and Money with Specialized Flexible Spending Account Options
Maximizing your employees’ tax-saving opportunities is not just ideal for current employees; it also aids in attracting top talent. Managing the complexities of these accounts, however, can be challenging for you and your employees. Brown & Brown’s employee benefits team helps you increase your flexible spending account plan’s efficiency and participation while easing the burden of administration.
Employees get the benefit of tax savings and the convenience of payroll deductions
Contributions are 100% tax deductible, similar to an IRA
Employees maintain control over when to use funds
Since an HSA is a personal account, it belongs to the employee and is 100% portable
Withdrawals to pay for qualified medical expenses are never taxed
You benefit by not paying payroll taxes on employee contributions
Easing the Burden of Future Healthcare Expenses
A Health Savings Account (HSA) combined with a high-deductible health plan strategy provides employees with a valuable long-term healthcare solution. It is also a valuable tool in containing escalating healthcare costs. In addition to HSAs being used to accumulate tax-free contributions to pay for healthcare costs, they can also be rolled over from year to year for future use, including in retirement. Brown & Brown helps you evaluate and implement these programs.
Key Differentiators
Your exposures are unique and deserve equally unique options that provide appropriate coverage to reduce risk. By leveraging our experience, scale, and market strength, we work to guide you through the buying process.
With a team that is as connected locally as it is nationally, Brown & Brown provides the personalized, dedicated service you want from a local agency, while delivering the peace-of-mind that you expect from a top ten brokerage.
Cost Control Strategies
Increasing Your Employees’ Well-Being with Cost-Effective Employee Benefits Strategies
Consumer-directed health plans
Defined benefit contribution
Strategies to reduce drug cost
Population health and well-being programs
Favorable provider contracting
Stop-loss coalition
Self-funding/hybrid funding
Accountable care organizations
Reference-based pricing
Private exchange
Providing Independent Council and Cost-Effective Employee Benefit Solutions
Managing the ever-increasing costs of employee benefit plans can be a daunting task. Brown & Brown helps you manage your medical benefits spend by developing competitive programs that offer the right combination of quality and cost. Through our unique decentralized model, you can profit from the significant purchasing power and knowledge of one of the largest insurance brokers in the United States, while still receiving the personalized service and attention you deserve.
Compliance
Keeping You in Compliance and Out of Distress
Healthcare reform/ACA compliance (1094/1095)
Form 5500/summary annual report
Wrap document/summary plan documents (SPD)
FMLA, Cobra, Section 125/cafeteria plan
Compliance notices (GINA, market exchange, Medicare Part D)
Employee Benefit laws and regulations are constantly evolving. Having a broker you trust can help keep you informed of changing regulations and support you with needed employee communications. Utilizing our collective knowledge and technology services, Brown & Brown can assist you in staying abreast of changes in regulations to help keep you in compliance.
Contact us to learn more about our employee benefits
