Find the Right Benefits Plan for Your Business

Businesses & Benefits Come in All Shapes & Sizes. MBA Can Help.

Our local experts guide you through the complexities of planning, identifying your needs and budget, reviewing carriers and plans, managing the process, as well as seamless online enrollment, communication of benefits to employees, and superior servicing. These elements come together to take the pressure off you and your team -- so you can get down to business.

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How We Help Companies Like Yours

My Benefit Advisor brings together local professionals, industry leaders and a wealth of resources for clients. Taking on your challenges to create a cohesive benefits program that overcomes obstacles and offers solutions that work is integral to what we do. Tap or click the buttons below to read case studies demonstrating how MBA turned a challenge into opportunity.

CASE STUDY: BENEFITS CONSULTING

Find the Right Plan

Your MBA licensed agent is backed by a team of benefits professionals who have decades of experience placing clients in the right plan with the right tools and resources.

Client Profile

Location: Philadelphia/Southern New Jersey
Employees: 28
Coverage: Medical

Issue: Cost Containment
Result: Zero Premium Increases Since 2020


Issue

This professional firm offered their employees and potential new hires the very highest level of benefits on their Blue Cross carrier’s platform. It was important to the company’s shareholders to give their employees platinum benefits to attract and retain the best and brightest. The client wanted to continue offering top-tier coverage in the most fiscally sensible manner.

Solution

MBA recommended and implemented an insured HRA for the employees, while installing an HSA for owners who were not eligible for the HRA.

Financial Impact

After four years of this program, the firm has continued with platinum level benefits, guaranteed cost savings through the insured HRA, and a total premium for 2024 equal to their 2020 premiums. This allowed the employers to offer additional ancillary benefits for their employees. In addition, the shareholders have been able to reduce their tax liability through HSA contributions to offset current and future medical expenses.

CASE STUDY: BENEFITS CONSULTING

First-Class Service

Our Benefits Service Center is always available to employees and HR/administrators. Clients can count on our service specialists for help 24/7, 365 days a year. Likewise, MBA’s industry-leading HR support tools empower owners and administrators with an array of resources that most competitors can’t offer.

Client Profile

Location: Pennsylvania and surrounding states
Employees: 47

Issue: Outdated HR Practices
Result: $20,000 Net Savings


Issue

Our client wanted to improve efficiency and streamline operations to stay competitive with larger rivals. MBA was engaged to show how modifications to the company’s benefits program could help the client achieve their objective despite challenges:

  1. Manual processes had human resources tied-up in paper documents, emails, and forms
  2. Multiple offices made communication and coordination difficult
  3. Data security was complicated by the company’s rapid growth
Solution

After studying the situation, MBA recommended the acquisition of comprehensive HR technology. This integrated tech included modules for recruitment, onboarding, performance management, employee self-service, and analytics -- all customized to the client.

  • Working with the technology vendor, MBA conducted comprehensive training for HR and employees.
  • Multiple management strategies were employed to ensure integration of the new platform with the clients existing IT infrastructure, including email, payroll and related systems.
Financial Impact

By automating processes, improving communication, and leveraging data driven insights, the company overcame its HR challenges. Increased efficiencies were estimated to save $20,000 after the cost of the new technology.

CASE STUDY: COMPLIANCE GUIDANCE

Staying Compliant

In a shifting regulatory environment, MBA keeps you informed, sharing the latest news, explaining the impacts, and your next steps under local, state and federal requirements.

Client Profile

Location: Wilmington, DE
Employees: 85
Coverage: New Prospect

Issue: Misclassified Documents
Result: $75,000+ in Potential Fines Avoided


Issue

The owner of this business met with MBA to determine how his growing business could know with confidence that they were in compliance with all appropriate regulatory requirements around benefits and human resource processes.

Solution

Our team suggested an audit of general business, human resources, and benefits practices and procedures, as well as the company’s employee handbook, employee personnel files, the compensation system, performance evaluation procedures, employee and management training programs, specifically assessing compliance with:

  • Health Insurance Portability and Accountability Act (HIPAA)
  • Occupational Safety and Health Act (OSHA)
  • Age Discrimination in Employment Act (ADEA)
  • Affordable Care Act (ACA)
  • Fair Labor Standards Act (FLSA)
  • Uniform Guidelines for Employment Selection Procedures
  • Consolidated Omnibus Budget Reconciliation Act (COBRA)
  • Family and Medical Leave Act (FMLA)
Financial Impact

The audit showed that there were significant issues to be addressed, including misclassification of some 1099 and W-2 status employees, missing I-9 forms, and uncertainties surrounding their new screening process that could be perceived as discriminatory. Had the issues not been identified, the company could be exposed to fines in excess of $75,000.

CASE STUDY: COMMUNICATION & ENROLLMENT

Benefit Communication

Our guidebook technology gathers, organizes, updates, and customizes benefits for client/employee distribution, helping to ensure that employees clearly understand their benefits.

Secure online technology puts the employee in charge of the enrollment process, saving HR time and limiting input mistakes.

Client Profile

Location: Conshohocken, PA
Employees: 100
Coverage: Medical

Issue: Unsatisfactory TPA and Inadequate Technology
Result: $65,000 First Year Savings


Issue

When first approached, this prospect was experiencing an array of challenges related to the poor performance of their employee benefits consultant, including:

  • Substantial increases in the cost of their healthcare
  • Issues managing eligibility of their dependent population
  • Accuracy concerns linked to their third-party administrator (TPA)
Solution

MBA reviewed the company’s claim utilization data and employee demographics, then conducted an analysis of their HR and benefit administration technology, and enrollment process. We recommended a 3-part strategy:

  1. A market analysis to identify a suitable TPA replacement
  2. Implementation of a new benefit administration system
  3. A comprehensive eligibility audit and retooled enrollment process emphasizing accuracy and compliance
Financial Impact

The installation of a new TPA lowered the administrative fee structure, while the new benefit administration system reduced costly enrollment mistakes. Overall first years savings were $65,000.

CASE STUDY: Professional Employer Organization

Professional Employer Organizations (PEOs)

PEOs allow businesses to access outside administrative and HR expertise for vital tasks like payroll, taxes, recruitment, Workers’ compensation, COBRA and other important responsibilities without the added salary and benefits of a dedicated HR team.

Client Profile

Location: New York, NY
Employees: 48
Coverage: Medical

Issue: Overwhelmed Human Resources
Savings: $80,000


Issue

This mid-sized client had quickly doubled their employee population after acquiring other companies. The business owner worried that a lack of HR expertise could impact their ability to remain fiscally and structurally sound.

Solution

MBA recommended a Professional Employer Organization. A PEO is designed to assist a business in managing key HR and administrative duties without acquiring costly staff:

  1. Compliance
  2. Risk and safety
  3. Payroll processing
  4. Taxes
  5. Hiring and recruitment
  6. COBRA administration
Financial Impact

The switch to the PEO relieved the firm of multiple administrative hassles, freed up management resources for growth, and saved the client an additional 15% in benefit costs for a net savings of $80,000.

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This information is designed to highlight various employee benefit matters of general interest to our readers. It is not intended to interpret laws or regulations, or to address specific client situations. You should not act or rely on any information contained herein without seeking the advice of an attorney or tax professional.

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