Our Approach

Experience Knowledge and Support

With Benefits Consulting Plus you are working with a benefits partner that will listen to you and wants to understand your goals and objectives.

Our Approach to Employee Benefits 

Our approach to managing group benefit plans for our clients focuses on four keys:

Client Focused Recommendations

Proactive Support

Ease of Administration

Respecting Your Premium Dollars

The BCP Benefits Process

                                                                                                        

                                                                                                  

                                                      

                                                                   

Experience

  • You are working with a benefits consultant who has over two decades of experience specializing in employee benefits
  • You want to work with a benefit provider who has experience working with both small and large businesses. BCP works with companies of all sizes including both independent and unionized work environments.
  • Your individual, family, and corporate insurance needs will be handled by a professional with almost 20 years’ experience helping individual insurance clients
  • You want strong solutions and our experience will help you achieve that outcome.

KNOWLEDGE

  • You are working with advisors who hold respected industry designations such as the Certified Financial Planner (CFP) and Certified Health Insurance Specialist (CHS)
  • You have a BCP benefits partner who understands how the insurance carriers price and renew employee benefits plans. BCP applies this knowledge to secure competitive pricing and encourages insurance carriers to compete for your business.
  • Your individual insurance needs are met with solutions designed with your unique situation and budget in mind

SUPPORT

  • You call us first. No question is too big or too small
  • Training is provided for your plan administrator
  • Time saving excel templates are provided to your plan administrator
  • Your employees are supported, BCP will help them navigate their benefits questions
  • Employee meetings are held at your request
  • Ongoing service and support is provided to all our clients

We HAVE Coverage (Companies with existing coverage)

Discovery

(During our first meeting with you):  

  • Our first meeting is normally completed face to face. We want to get to know you and for you to get to know us
  • We want to learn about your goals for providing coverage
  • We will gather information that will be used to create a request for proposal (RFP)
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Analysis

(behind the scenes – after our meeting with you):  

  • BCP will complete a detailed assessment of whether your existing benefits coverage matches the current goals of your company
  • Through our request for proposal (RFP) process we engage reputable insurance carriers to compete for your business
  • We analyse the outcome of our RFP process and prepare for our next meeting with you
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Presentation / Recommendation:

  • We arrange our next in person discussion to review the results of the RFP and provide you with a recommendation of which insurance carrier best meets your needs

Implementation

If the current insurer is found to be your best option:  

  • We’ll share the results of our RFP process with you
  • There are no administrative changes for the employees, but your company’s service will be enhanced by having Benefits Consulting Plus working for you

If your company changes insurance carriers:

  • Benefits Consulting Plus will oversee and assist with the implementation of your new benefits plan; and
  • With your permission we will conduct an employee meeting to explain the change in coverage and answer questions

Annual review and in-year update meetings

ANNUAL REVIEW
  • BCP proactively negotiates your renewal in advance of our annual renewal meeting
  • We provide you with a review of the past plan year
  • We complete a general review of your plan design to ensure the plan continues to meet the needs of your employees as well as to highlight new product options for your consideration
IN YEAR UPDATE MEETINGS
(Semi-annual or Quarterly at the client’s request)
  • These meeting are intended to discuss how the plan is operating and if there are any issues with the insurer, plan administration or claims that should be addressed now
  • We’ll also use this meeting to share with you new and emerging trends in employee benefits.
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Ongoing Client and Policy Support

  • We work for our clients NOT the insurance carrier
  • We are your first point of contact. No question is too big or too small
  • We provide training for your plan administrator
  • We provide time saving excel templates to your plan administrator
  • We support your employees and will help them navigate their benefits questions
  • We will conduct employee meetings at your request
  • We have an individual insurance specialist available to assist with insurance needs of both the business owner as well as employees and their family

We WANT Coverage (Companies without existing coverage)

Discovery

(During our first meeting with you):  

  • Our first meeting is normally completed face to face
  • We want to get to know you and for you to get to know us.  
Our first meeting is normally completed face to face.  We want to get to know you and for you to get to know us
  • We want to learn about your goals for providing coverage
  • We will gather information that will be used to create a request for proposal (RFP)
g

Analysis

(behind the scenes – after our meeting with you):  

  • 
BCP will complete a detailed assessment of the benefit plan design options that match your goals

  • Through our request for proposal (RFP) process we engage reputable insurance carriers compete for your business
  • We analyse the outcome of our RFP process and prepare for our next meeting with you
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Presentation / Recommendation:

  • We arrange our next in person discussion to discuss the results of the RFP and provide you with a recommendation of which insurance carrier best meets your needs

Implementation

  • Benefits Consulting Plus will oversee and assist with the implementation of your new benefits plan
Benefits Consulting Plus will oversee and assist with the implementation of your new benefits plan

  • With your permission we will conduct an employee meeting to explain the benefits plan and answer questions

Annual review and in-year update meetings

ANNUAL REVIEW
  • BCP proactively negotiates your renewal in advance of our annual renewal meeting
  • We provide you with a review of the past plan year
  • We complete a general review of your plan design to ensure the plan continues to meet the needs of your employees as well as to highlight new product options for your consideration
IN YEAR UPDATE MEETINGS
(Semi-annual or Quarterly at the client’s request)
  • These meeting are intended to discuss how the plan is operating and if there are any issues with the insurer, plan administration or claims that should be addressed now
  • We’ll also use this meeting to share with you new and emerging trends in employee benefits
+

Ongoing Client and Policy Support

  • We work for our clients NOT the insurance carrier
  • We are your first point of contact.  No question is too big or too small  
We are your first point of contact.  No question is too big or too small
  • We provide training for your plan administrator
  • We provide time saving excel templates to your plan administrator
  • We support your employees and will help them navigate their benefits questions
  • We will conduct employee meetings at your request
  • We have an individual insurance specialist available to assist with insurance needs of both the business owner as well as employees and their family

Annual review and in-year update meetings:

Annual Review

  • BCP will proactively negotiate your renewal in advance of our meeting
  • Provide you with a review of the past plan year
  • Review your plan design and to ensure the plan continues to meet the needs of your employees as well as to highlight any new product options for your consideration

in-year update meetings

  • Discuss how the plan is operating and if there are any issues with the insurer, plan administration or claims that should be addressed now
  • Share new and emerging trends in employee benefits

Our Approach to Individual Insurance

At Benefits Consulting Plus we understand that individual insurance planning means something different to each person.  Whether your goal is to have insurance in place to protect yourself, your family, or your buisness we are here to guide you.

Discovery Talk
  • At our first meeting we begin the process of getting to know you
  • We want to learn about your goals for owning insurance and encourage you to ask any questions you may have
  • We will gather information that will be used as the basis of your insurance plan
Analysis & Design (behind the scenes work)
  • After our meeting we assess how much insurance you need today based on the priorities you outlined during the Discovery talk
  • We thoroughly review your existing insurance coverage to confirm that you have the right plan design in place.  We also determine if the amount of coverage you currently own reflects your actual need or whether you own too little or too much insurance.            
  • We then design recommendation(s) that reflect your current insurance needs, timeline, and budget
Presentation & Recommendation
  • During this meeting we will review the Discovery meeting and the results of the analysis we completed on your behalf. 
  • We will explain whether your existing plan is meeting your current goals.  Rest assured if your plan is on track we will tell you but if there is room for improvement we will present you with recommendation(s) that will put you back on track.
Implementation
  • Once you decide to move ahead with a recommendation the next step is to complete an insurance carrier application and the underwriting required for your application. 
  • When a policy is approved you will be notified and we can arrange a time to meet to review your contract
  • At this meeting feel free to ask any questions you may still have before signing to accept your new policy
Client Service
  • We are proud to provide ongoing client and policy support.  Should you have any questions please do not hesitate to contact us directly.  Please also contact us for changes in banking or address and to review your coverage if a life change occurs (birth of a child, a move, change in job, etc.)
  • We also encourage clients to come in and complete an insurance review periodically even if they feel nothing has changed. 
  • We look forward to building a good relationship with you and helping you with all your insurance needs for many years to come.     

I’d like to learn more about working with Benefits Consulting Plus

 

t: 613 546-2282
toll free:1-844-546-2282
e: info@bcpbenefits.com