Human Resources Management & Administration
 

HR Management

• Strategic Planning
• Workforce Planning and Retention
• Human Resources Development & Training
• Compensation & Benefits Performance Management
• Worker’s Compensation Administration
• Employee & Labor Relations
• Workforce Health, Safety & Security

HR Administration

• New Hire Orientation
• Employee Handbook Development and Distribution
• Policy Acknowledgement Training
• Conflict Resolution
• Employee Incentive Program
• Exit Interviews
• EAP Administration
• HR Communication & Fulfillment
   

Life, Health, Supplemental & Voluntary Insurance Brokerage

• Major Medical (PPO, POS, HMO)
• Dental
• Vision
• Universal Life
• Short Term Disability
• Long Term Disability
• Term Life Interest-Sensitive Whole Life
   
• Whole Life
• Cancer Critical Illness
• Disability Income
   
• Accident Fixed Annuities
   
• Worksite Solutions
• Long Term Care

Self Funding Third Party Administration
 

Self funding provides maximum risk sharing and flexibility in plan design, while limiting liability. It strategically allows employers to manage benefit coverage, administration and funding. Smaller employers that are fully insured can explore the advantages that self funding affords by implementing partial self funding with stop loss coverage. Self funding takes the control from the insurance company and puts the employer in control. The employer determines what’s covered, the co-pay, the network, etc. The network rates, administrative costs and co-pays are negotiable with various network providers, including the insurance company’s networks.

How does it Work?
Based on actual prior claims experience, the employer determines an estimated amount to set aside for future claims, usually maintaining 2.5 to 3 times the monthly estimated claims. The actual claims are paid periodically (either daily, weekly or monthly) and the savings are realized instantly. For fully insured plans, the premium is paid to the insurer/carrier, the actual claims are paid and any difference, aka profit, is realized by the insurer/carrier, as opposed to the employer. As a precaution to unexpected high claims, the employer simply purchases a Stop Loss policy to protect against such instances.
 

FEATURES

• Automated System
  (to efficiently manage and administer self funded plans for employers
  with 25 or more covered employees)
• Periodic Analysis
  (of the self funded healthcare trust accounts)
• Vendor Management
• Annual Contract Negotiations
• Quarterly Reporting and Ad-hoc Reporting
• E-benefits Delivery Management
  (employee benefits communications)
• Flexible monthly billing to employers
• Distribution of Company/Plan ID cards
• Plan Documentation
• Summary Plan Descriptions for employees
• Benefits Analysis, Studies & Utilization reports
• Daily claims processing and wire transfers
• Virtual employee care call center for all benefit related inquires from the covered persons and the employer’s authorized staff
• Benefits overview, eligibility, and claim status for covered persons and authorized staff available on-line
• Utilization Management
• Wellness Education and Initiatives incorporated to maximize costs reduction
   

Advantages

• Greater Flexibility in Plan Design
• Increased Financial Control
• Ongoing Cost Management
• Information Management
• Overall Lower Costs
• Tax Savings
• Elimination of State Mandated Coverages
• Immediate Realization of Real Money
• Savings—Unrealized Claims
• Increased Cash Flow
• Control of Reserves - Investment, Operational Needs, etc.
• Increased Employee Satisfaction
• Access to Plan Utilization
• One Benefits Package for Multi-State Employers
   

CHALLENGES

• Instantaneous termination of plan is difficult due to the lag in claims and stop loss coverage structured to insure claims incurred, but reported after the current plan year.
• Budgeting the plan can be difficult, because insurers/carriers may be reluctant to provide actual claims experience, and budgets are dependent upon them.
• Potentially poor or high claims experience, which would result in a more costly plan, but will ultimately result in a savings as compared to a fully insured plan.
• Added fiduciary and legal responsibility by the employer, but, the TPA is the subject matter expert that the employer will rely on.

Software Solutions: HRMS/HRIS Systems and Accounting Software

Sage Software

• Abra HR
• Abra Benefits Enrollment
• Abra Payroll

Visit sageabra.com for more information.

Sage Accounting Solutions

• MAS 90/ MAS 200 ERP
• MAS 500 ERP

Visit sagesoftware.com for more information.

Online Claims Tracking System

SageAbra is a leader in affordable and trusted HR and Payroll software solutions for smaller and mid-sized companies.

HR administration, payroll management, benefits management, HR compliance, recruiting, attendance, harassment and discrimination training is available!

Recruiting & Outsourcing

Fingertips Consulting offers recruiting services on a project basis to support major hiring initiatives and on an ongoing basis to handle your day to day recruiting needs. Regardless of the number of positions to be filled, we will manage and complete large and small recruitment campaigns. Our highly skilled recruiters will work aggressively to identify and recruit your target audience and will ensure that only the very best candidates are referred to you.

• Manage & Write Job Postings
• Sourcing
• Full Life Cycle of Recruiting
• Screen Resumes
• Coordinate interviews with HR Staff and/or Hiring Managers
• Telephone & Face-to-face Interviews
• Video Interviews
• Reference Checks
• Background Checks
• Coordinate Drug Screenings
• Offer Letters
• On-Boarding of Employees

Full Recruiting Life Cycle
Engineering, Information Technology, Human Resources, Healthcare, Actuarial, Executive Search, Administrative, Government, Accounting and Call Center industry professionals

Government

Fingertips Consulting, Inc. is a Human Resources Outsourcing firm providing specialized Workforce Solutions and Third Party Administrator designing solid benefit packages that result in immediate cost savings and adequate coverage to suit your business. We offer an affordable alternative for small and mid-sized organizations that are in need of specialized HR services and employee benefits professionals. We also provide resources to large organizations that require customized and personalized service. Fingertips Consulting, Inc. will partner with your human resources department to maximize business sustainability.

We provide a broad array of specialized Human Resources Outsourcing solutions:

• Benefits Consulting
• Recruitment
• Human Resources
• Insurance Brokerage
• Third Party Administration
• Self Funding
• Software Solutions

Key Personnel
Kellye D. Bennett, the Principal Consultant has a diverse background in employee benefits design, administration, finance and communication and human resources outsourcing. She received a Bachelor of Science from Nova Southeastern University with concentrations in Mathematical Sciences and Psychology. Her areas of expertise include Health & Welfare, 401(k) and pension administration. She specializes in mathematical and computational techniques, project management and research. Contact kellye@fingertipsconsulting.com or 757.240.6834

NAICS Codes

524292 – Third Party Administration of Insurance & Pension Funds 524210 – Agencies, Brokerages & Other Insurance Related Activity 524291 – Claims Adjusting (Other Insurance Related Activity) 524298 – All Other Insurance Related Activity 525110 – Pension Funds 525120 – Health & Welfare Funding 525190 – Other Insurance Funds 541214 – Payroll Services 541219 – Other Accounting Services 541611 – Administrative Management and General Management               Consulting 541612 – Human Resources and Executive Search Consulting Services

541618 – Other Management Consulting Services 541990 - All Other Professional, Scientific, & Technical Services 561110 – Office Administrative Services 561311 – Employment Placement Agencies 561312 – Executive Search Services 561320 – Temporary Help Services 561330 – Professional Employer Organizations 611430 – Professional and Management Development Training 923110 – Administration of Education Programs 923120 - Administration of Public Health Programs 923130 – Administration of Human Resources Programs             (Except Education, Public Health & Veteran Affairs Programs)

 

GSA Schedules of Interest 738X Human Resources & Equal Employment Opportunity Services 874 Mission Oriented Business Integrated Services (MOBIS) 736 Temporary Administrative & Professional Staffing (TAPS) Services 621 I VA Federal Supply Schedule 36 Office, Imaging and Document Management Solutions