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Employee benefit plans must be designed and managed with great
care and thought. It represents a significant business expense
and has an effect on the company's ability to attract and retain
staff.
Our strong network of relationships and expert knowledge of the service
offerings and managed care providers ensure that we can tap the best
and most cost effective resources available to serve your organisation.
Mercer's employee benefits specialists and insurance
professionals can help you design, set-up and administer your
employee benefits plan. Our goal is to help you to make informed
decisions with confidence.
Benefits Strategy
Our specialists will work in partnership with you to review and
objectively:
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Analyze your present plans
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Assess the benefits needs of your employees
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Provide local market information on statutory
requirements and competitive benchmarks
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Identify your risk exposures
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Design the benefit solution suited to your
needs while optimising the cost
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Determine the appropriate insurance strategy
and insurance providers for your plans
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Arrive at meaningful benefit decisions
Benefit Design
A typical benefit design will not only focus on the traditional
insurance plans for death, disability and health benefits
but may include alternative funding mechanisms such as self-insured
plans or alternative medical delivery systems such as Managed
Healthcare.
Traditional Indemnity Plans include:
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Group Life
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Group Accident
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Group Travel
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Group Hospital and Surgical
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Group Major Medical
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Group Dread Disease (or critical illness)
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Group Disability Income (short or long term)
Where fully or partially self-insured arrangements are part of
the ultimate solution, Mercer offers a claims administration service
to ensure the workability of that solution.
Managed Healthcare
Managed Healthcare is the "catch-phrase" of the new
decade. Many healthcare options exist today that did not exist
10 years ago. These choices require thoughtful evaluation. Our
specialists will help you evaluate and select the system that
is appropriate for your company's needs.
Flexible Benefits
Flexible benefits is an emerging trend in employee benefits planning.
Flexible benefit programs provide basic coverage for major areas
of risk (for example, death, disability and medical expenses)
and offer a choice of additional benefits to meet individual lifestyles
and coverage needs.
Our specialists can help you assess whether flexible benefits
is feasible for your organization by looking at your benefit
needs and goals, and your financial and administrative constraints.
Multinational Pooling
A multinational pool links together the world-wide insured
benefit plans of a multinational company. Its major advantages
are:
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Substantial cost savings
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Improved financial information, leading
to greater company control of benefit plans
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Improved service and facilities
Our consultants provide company specific advice on:
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The advantages of multinational pooling
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The most efficient pooling arrangement
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How to negotiate and set up multinational
pools
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Evaluation of international accounts
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The possible use of alternative financing
arrangements.
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