We begin by understanding your unique circumstances, needs and goals through our detailed intake methodology.
We evaluate every aspect of your life, disability and absence programs utilizing both qualitative and quantitative metrics.
– As life and disability experts and advisors, we believe you deserve to know the truth as we see it. We owe you our best thinking.
We develop detailed strategies, plans and timetables to execute our agreed-to plan with exceptional precision and accountability.
We ensure all stakeholders are kept informed throughout the process and manage their individual expectations.
We help employees maximize the value of income protection through relevance, credibility and behavioral change.
With ongoing inquiry and customized research, we help you sustain a cycle of continuous improvement and satisfaction.
The approach Great Lakes Insurance Advisors takes towards plan management is both an art and a science.
We use science to ensure our recommendations are based on the most accurate and reliable data available. And art to ensure our recommendations are tailored to the interests of your organization’s specific goals and values.
A brief description of the plan management services we offer include:
Plan Design Review
Plans for each class of employee are examined to ensure you attract and retain the best, most productive talent.
We identify the issues and risk factors of being self-insured, fully-insured, or other mixed funding arrangement.
There is no “one size fits all” insurance contract. We make sure yours is written to support your unique needs and aspirations.
Claims Process Review
We help you identify and define an efficient claims process which can have a dramatic effect on the overall bottom line.
Using tools from groups like the IBI and DMEC, we can demonstrate how competitive your plans are to peer organizations.
We examine the coverage of your most valuable executives, so they receive the right protection for their individual situation.
For those employees with limited or no coverage, we can identify programs to provide them the necessary additional protection.
We can access non-traditional markets, like Lloyd’s of London, to cover hard-to-place risks, as well as other exceptional terms.
At Great Lakes Insurance Advisors, we appreciate just how difficult issues relating to FMLA, ADAAA, and legal compliance have become. That’s why we partner with subject matter experts who help our clients succeed in this complicated, ever evolving environment.
Whether it’s legal, tax, or other requirements, we hand-pick the right team of people, policies and communications for each client. Our goal is to provide clarity, consistency and above all, proactivity to your organization’s compliance management processes.
A brief description of the compliance management services we offer include:
With the growing complexity of FMLA, we help create a program that is accurate and consistent across your entire organization.
We have a unique partnership with two of the top law firms in this field to provide our clients with unparalleled protection and counsel.
We will make sure our clients are operationally and financial prepared in advance of this pending legislation.
Statutory Disability (State Mandated)
For your employees that live and/or work in these states, we make certain you have the proper coverage.
Given the number of tax issues that affect both employers and employees, we provide the necessary guidance to manage your IRS obligations.
Because federal regulations affect Life and Disability plans in numerous ways, we partner with top law firms to ensure compliance.
A key advantage Great Lakes Insurance Advisors offers with vendor management is our years of experience working for leading national Life and Disability carriers.
We have an insider’s knowledge on how to work with the different disciplines within an insurance company. We leverage this knowledge to maximize value and produce better outcomes for our clients and their employees. Quite simply, we can and do hold vendors to a higher standard.
A brief description of the vendor management services we offer include:
With our proprietary system, we evaluate the performance of your current vendors, and determine how well they are satisfying your organization’s needs.
Better programs are built with better RFP’s. We focus on the details; everything from experience information, to the claims process, to performance guarantees.
We have experience working directly with underwriters and the technical expertise to make sure you pay the right price for the right reasons.
Given our technical knowledge, we understand how risk is viewed over the long term. As a result, we can negotiate better terms and pricing.
Technology is both a catalyst for success and anxiety. That’s why we partner with a top employee benefits technology firm to provide you the most current and advanced solutions.