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Employee Benefits

The coverage you need. The guidance you trust.SM

At the core of each successful business is a skilled pool of highly motivated employees. Regions Insurance has the market access, experience and in-depth knowledge to help you ensure your workers are provided with the most appropriate employee benefits.

Whether you're looking for a competitive analysis of your company's employee benefits plan, a redesign of your plan structure, creative ideas in solving your human resource issues or for innovative employee training programs, Regions Insurance offers proven employee benefits solutions to help you demonstrate to your workforce that they matter.

The following are services that we are prepared to review with you:

Strategic analysis and planning:

  • Strategic planning with historical claims-based data and demographic elements
  • Benchmark survey review and common plan features (industry specific)
  • Review employee benefit plans to evaluate competitiveness of benefits, service providers, plan design and communications media
  • Markets and funding analysis (insured and self-funded plans)
  • Strategic cost containment planning
  • Renewal rating adequacy, including incurred but not reported reserve analysis

Plan design:

  • Plan design alterations modeling (financial and users qualification)
  • Plan payments and utilization analysis by cause, setting and population
  • Health improvements and wellness options, including external vendor and employer-based services/solutions
  • Disease-management planning, participation enhancements and return-on-investment analysis
  • Executive special compensation programs
  • Voluntary employee benefit plans management, including marketing, proposal assessments and communications/enrollment options
  • Pharmacy benefit management (PBM) audits, including rebate analysis, step therapies/prior approval medications and formulary review
  • Performance measurement systems, including performance guarantees for administrative functions and trends target marketing

Plan implementation and administration:

  • Group benefits marketing and proposal assessments – health, life, dental, disability income (short-and long-term) vision, etc.
  • Claims advocacy with carriers/TPAs involving problematic circumstances
  • Billing and census reconciliation services
  • Regulatory compliance assistance, including Form 5500 assembly, including associated schedules, COBRA, HIPAA, FMLA and ADA
  • Employment practices, training and development, including benefit plans eligibility analysis
  • Acquisition and merger services, including plan audits, plan terminations/mergers and vendor claims run out administration

Contact one of our offices close to you to find out more about Regions Insurance.

 

Regions Insurance, Inc, an affiliate of Regions Bank, receives compensation from insurance companies or their affiliates in the form of commissions, which are calculated as a percentage of the premium paid to the insurance company by a customer and additional compensation from some insurance companies based on incentive or contingent criteria such as the amount of the total premium collected by an insurance company, underwriting profitability, or other factors. The amount of additional compensation, if any, is not generally known until the completion of the underwriting year. Please contact 866-688-0658 if you have any questions.

The purchase of insurance is completely optional. Whether or not you purchase insurance will not affect any application for credit or the terms of any existing credit agreement.