Health & Welfare Administration

iStock_000006623745XSmallThe Preferred Group has been offering the tools for Brokers and their clients for over 20 years.  Employers are constantly searching for full service Brokers who offer ways to lower their costs while maintaining a high level of benefits.  By using The Preferred Group as your preferred TPA you will provide a quality benefit to your clients without the nuisance of administration.  Call today and find out about The Preferred Group’s broker commission program.

The Preferred Group can assist your client’s employee association, union trust fund, and employer group with the establishment and ongoing maintenance of a Heath and Welfare Fund Benefit Plan.  We will consult with your organization to help determine the best benefits for the available funds.  Self funded benefit plans offer significant advantages over insured plans in both flexibility and cost containment for such employee benefits as dental, vision, prescription drug, flexible supplemental health, legal and other insured or self-insured benefits the trustees or employer may wish to offer.  The Preferred Group’s full service administration is fully HIPAA compliant and will take the problems out of ensuring your organization has the best benefits at an affordable cost.

Health & Welfare Trust Administration Services offered:

  • Design of benefit plan
  • Adjudication of claims
  • Maintain eligibility
  • Process collections from employers
  • Prepare reports to trustees
  • Consult with trustees
  • Maintain fund database
  • Accumulate benefit history
  • Handle appeals
  • Prepare monthly and annual reports
  • Process pre-determination of benefits
  • Obtain stop-loss coverage
  • Retain actuaries, accountants and attorneys as required
  • Full accounting
  • Other specialized services upon request