Self-Funded and Fully-Insured Health Plans

Fully-insured plans are more traditional than self-funded plans. However, fully-insured plans are generally more expensive for employers. Canary Blomstrom is here to help our clients better understand the complexities of both.

• Access to participant web site regarding their claims and balances
• Quality control on all claims to prevent eligibility issues
• Full subrogation and cost of benefit administration
• Bundling and unbundling capabilities and full code review
• HIPAA policies and privacy standards
• Flexible and fully programmable claim system
• Forms 834, 835, and 837 file and acceptance capabilities
• HRA

Voluntary Benefits (Offered Through Employer)

Our Canary Blomstrom team will develop plans based on employer and employee needs, including but not limited to:

• Permanent (Whole and Universal) and Term Life Insurance
• Critical Illness Insurance
• Hospital Indemnity Insurance
• Accident Insurance
• Short and Long-Term and Supplemental Disability
• Pre-Paid Legal, Identify Theft, Auto and Home and Pet Insurance
• Group Purchasing Programs

Executive Benefits

Significant risk may hide in your executive benefit plans:

• Standard group coverage for long-term disability often won’t replace bonus income which makes up a significant portion of executive compensation.
• Standard group coverage for life insurance is based on salary, not bonus, and often has a cap of $500,000.
• A target retirement income replacement rate can’t be reached for many executives based on contribution limits.

Benefit Communication Platform

Canary Blomstrom is uniquely designed to provide full-time, highly trained Benefit Communication Specialists (BCSs) who permanently integrate with your HR team. Our specialists are dedicated to educating your employees about the benefits you offer through:

• Benefit Concierge
• Orientation Sessions
• Reorientation Sessions
• Open Enrollment
• Quality Assurance

Benefit Plan Services

Turn to Canary Blomstrom to help identify risk, develop plan designs and funding strategies. We can help you secure the coverage to recruit, retain, and reward your most valuable assets. Ask us about opportunities with:

• Nonqualified and Supplemental Retirement Plans
• Benefits Restoration
• Key Employee Protection
• Insurance Company Owned Life Insurance (ICOLI)
• Corporate Owned Life Insurance (COLI)

COBRA Administration

COBRA (Consolidated Omnibus Budget Reconciliation Act) is a benefit plan that provides continuing coverage of group health benefits to employees and their families upon the occurrence of certain qualifying events where such coverage would otherwise be terminated. At Canary Blomstrom, we know the intricacies of the program can be complicated—we are here to help our clients navigate and better understand plan details, triggering events and options.

• All required notices for your total COBRA administration
• An ERISA attorney
• Answers to your COBRA questions
• Deal directly with COBRA participants
• Carrier reporting and billing management
• HIPAA Certificate

FSA/HSA Administration

FSA/FHA plans can be complicated for both the employer and employee. Our dedicated professionals are here to help clients better understand the intricacies of this program.

• Debit card availability
• Health care and dependent care accounting
• Online account management
• Dedicated customer service team
• Direct deposit capability
• Quarterly statements

Compliance & Regulations

Regardless of your industry, all businesses share similar challenges. Legislative and Human Resources compliance regulations are constantly changing. Effective health and wellness employee communications can reduce health costs. Benchmarking helps employers make smarter business decisions. Canary Blomstrom understands that it takes, money, and resources in order to stay up-to-date and in compliance.