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GCG Financial


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Capabilities Presentation

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GCG Financial

  1. 1. Capabilities Presentation
  2. 2. Executive Summary <ul><li>GCG Financial (GCG) is excited about the opportunity to meet with ABC Company and members of its Executive Team. Thank you for this opportunity. Your organization is a perfect fit for our Corporate Benefit Division. We want to work with you on a lasting basis, implementing unparalleled near-term insight with a long-term distinct benefit strategies. Your specific goals and objectives will be used to formulate an employee benefits package that enhances the company’s ability to attract and retain employees. </li></ul><ul><li>The cost of providing healthcare benefits continues to increase in excess of 10% per year leaving management with the difficult task of rethinking how to deliver competitive benefits to their employees. Most solutions that have been implemented are largely “cost shifting tactics and we want to join-forces with our clients to create multi-year strategic plans. Our consultants pioneer ideas and utilize creative applications to both empower and improve our clients benefit capabilities. Communication is at the forefront of what GCG dominates our market in helping our clients and their employees interpret the “science behind our industry” into a language easily understood. </li></ul><ul><li>We have also exclusively tapped into the resources of Milliman, who is one of the largest and most respected global actuarial firms. GCG brings Milliman actuarial and business expertise to a market that has been underserved. In conjunction with GCG, Milliman assists in bringing independent sense to complicated technical situations, uses realistic thinking, offers extensive research and bench-marking, all designed to produce a sustainable well perceived benefits package. </li></ul>
  3. 3. Who is GCG Financial? <ul><li>GCG is part of the nations elite comprehensive insurance and financial services firm offering a wide range of superior employee benefit programs and consulting services </li></ul><ul><li>For over 30 years GCG’s has pledged action of doing what is “ right for our client” . Encompassed with our trademark of “service that excels”, GCG leads all other brokerage firms in pioneering ideas and implementing creative applications </li></ul><ul><li>Our mission of creating a long-term sustainable benefits package is accomplished with the pooled resources, expertise and support of 250 Producers and Employees </li></ul><ul><li>GCG has a strategic working relationship with Milliman , one of the largest and most respected global actuarial firms and supplier of data to 90% of the health insurance companies in the United States </li></ul><ul><li>Our national presence with over 4,000 public and private corporate, municipalities, school districts and not-for-profits clients, places GCG in the top 1% of all brokerage firms nationally. Our size empowers us to partner with the best insurance carriers that can bring the most extensive solutions available to our clients </li></ul>Ultimately, our success is measured by the strength of our relationships
  4. 4. Credibility
  5. 5. GCG in the News Interview
  6. 6. Sample of the Diversity of our Clients
  7. 7. Key GCG Differentiators Cobra Administration Plan Design Actuarial & Benchmarking Services Benefit Communication Wellness Initiatives Carrier Relationships Contribution Strategy Online Resource Center Creating a Long Term Sustainable Employee Benefits Program Our Clients
  8. 8. GCG Employee Benefit Expertise <ul><li>Specialization in the following: </li></ul><ul><ul><li>Medical </li></ul></ul><ul><ul><li>Rx </li></ul></ul><ul><ul><li>Dental </li></ul></ul><ul><ul><li>Vision </li></ul></ul><ul><ul><li>Long Term Disability </li></ul></ul><ul><ul><li>Short Term Disability </li></ul></ul><ul><ul><li>Life Insurance </li></ul></ul><ul><ul><li>401(k) Plans </li></ul></ul><ul><ul><li>Pension/Profit Sharing Plans </li></ul></ul><ul><ul><li>Executive Carve-Out Plans </li></ul></ul><ul><ul><li>Long-Term Care </li></ul></ul><ul><ul><li>Wellness Programs </li></ul></ul><ul><ul><li>EAP Programs </li></ul></ul><ul><ul><li>Flexible Spending, HRA Section 105 Plans </li></ul></ul><ul><ul><li>COBRA and Compliance Support </li></ul></ul><ul><ul><li>HIPAA Compliance Assistance </li></ul></ul><ul><ul><li>Preparation of 5500’s </li></ul></ul><ul><ul><li>Online Benefits Resources </li></ul></ul>Partial or Full Self-Funding Disease Management Predictive Modeling
  9. 9. GCG’s relationship with Top Carriers <ul><li>Aetna : Advisory board member and dedicated renewal specialist </li></ul><ul><li>BCBS of Illinois : Premier Producer- top 1% of all firms (1 of 16 firms that participate in Producer Advisory Council) </li></ul><ul><li>Great- West Life : Platinum Producer (1 of 10 in our market) </li></ul><ul><li>Humana : Most cases and highest subscriber count in the country (1 of 3 firms selected to participate in national broker roundtable on CDHP’s) e dedicated concierge service to GCG and its clients </li></ul><ul><li>United Healthcare : Platinum Producer (1 of 8 in our market) gives GCG clients a dedicated service line, a devoted Account Manager and specific Underwriting teams for larger GCG accounts </li></ul><ul><li>This recognition helps GCG receive an enhanced level of </li></ul><ul><li>service and support from the carriers mentioned. </li></ul>Distinguished Service Levels
  10. 10. GCG Total Health Plan Focus <ul><li>Assessment and Management of Employer Health Care Programs: </li></ul><ul><ul><ul><li>Renewal Preparation and Negotiation </li></ul></ul></ul><ul><ul><ul><li>Perform Market Analysis </li></ul></ul></ul><ul><ul><ul><li>Industry Benchmarking </li></ul></ul></ul><ul><ul><ul><li>Provide Detailed and Usable Monthly Reporting Packages </li></ul></ul></ul><ul><ul><ul><li>Analysis of Funding Methods </li></ul></ul></ul><ul><ul><ul><li>Analysis of Plan Designs </li></ul></ul></ul><ul><ul><ul><li>Develop Employee Contribution Strategies </li></ul></ul></ul><ul><ul><ul><li>Determine Network Effectiveness </li></ul></ul></ul><ul><ul><ul><li>Utilization of appropriate Care and Disease Management Services </li></ul></ul></ul><ul><ul><ul><li>Develop and Implement Employee Education Programs </li></ul></ul></ul>GCG Financial has an exclusive working relationship with Milliman USA, the actuarial global leader that supplies data to 90% of the health insurance companies in the United States
  11. 11. Actuarial and Reporting Services <ul><li>Actuarial and Reporting services include: </li></ul><ul><ul><li>Financial Monitoring Reporting </li></ul></ul><ul><ul><ul><li>Brings together claims experience, benefits paid, and gross and net costs in one report. </li></ul></ul></ul><ul><ul><li>Benefit Positioning System </li></ul></ul><ul><ul><ul><li>Measures each employers plan relative to others in the nation, specific industry and their area. </li></ul></ul></ul><ul><ul><li>Health Plan Cost Forecaster </li></ul></ul><ul><ul><ul><li>Actuarially forecasts cost in the coming year and provides enablement to set budgets and IBNR levels for self insured plans. </li></ul></ul></ul><ul><ul><li>Risk Manager/Stop Loss Analysis </li></ul></ul><ul><ul><ul><li>Actuarial projections used to estimate proper stop loss levels and rates. </li></ul></ul></ul><ul><ul><li>Plan Design Analysis and Renewal Evaluation </li></ul></ul><ul><ul><li>Annual Comprehensive Assessment of Health Plans (CAHP) Report </li></ul></ul><ul><ul><ul><li>Covers plan design, assessment of carriers, analysis of rating, employee contribution strategy, funding, and risk management. </li></ul></ul></ul>
  12. 12. Sample Renewal Analysis
  13. 13. GCG Milliman Mid-Market Survey <ul><li>Provide Businesses with comparable benchmarking data </li></ul><ul><ul><ul><li>Lack of data available for mid-sized Employers </li></ul></ul></ul><ul><ul><ul><li>Ability to compare data Local and Nationwide basis (over 3,000 employers are participating nationwide) </li></ul></ul></ul><ul><li>Provide solutions to help Businesses manage health care cost increases </li></ul><ul><ul><ul><li>Data is turned into Information that assists in positioning your Benefits Package </li></ul></ul></ul><ul><ul><ul><li>Proactive strategies can be applied to the benefits plan versus reacting based on a unclear variables and/or renewal increases </li></ul></ul></ul>
  14. 14. Benchmarking Employee Contribution %’s
  15. 15. Benchmarking Wellness Programs Offered
  16. 16. Benchmarking Consumer Driven Health Plans – Plan Prevalence
  17. 17. GCG’s Online Resource Tools MyWaveHR Connect with other professionals in your field by entering group discussions, or post a message of your own. 3-Community Allows a seamless exchange of information sharing and collaboration with [b_abbrname]. MyWave Portal 1-Collaboration Center A series of newsletters that will help educate you about the importance of making health care decisions carefully. 1-HealthShop 2-Benchmark Surveys Participate in benefit plan and/or P&C program surveys 2-Documents on Command Instant access to a library of downloadable articles, brochures, forms, and reports 3-Legislative Guides Online guides to complex legislative topics. 4-Resources Links, Articles, and Resources for a variety of topics.
  18. 18. Take the 2006 Benefits Benchmarking Survey Direct to Survey Survey info page
  19. 19. Instant Benefits
  20. 20. Getting Your Benefits Message Across <ul><li>Benefit Communication – Meeting the legal litmus test </li></ul><ul><ul><li>Micro and Macro-level communication </li></ul></ul><ul><li>Employee Meetings and Benefit Fairs </li></ul><ul><ul><li>#1 Group meetings </li></ul></ul><ul><ul><li>#2 One-on-one meetings </li></ul></ul><ul><ul><li>#3 Personalized benefit statements </li></ul></ul><ul><ul><li>#4 Other written communications </li></ul></ul><ul><ul><li>#5 Web-based communications </li></ul></ul><ul><ul><li>#5 Employee benefit surveys and data gathering </li></ul></ul><ul><li>Investing in benefits communication pays! </li></ul><ul><ul><li>Benefit communication has direct link to employee retention </li></ul></ul><ul><ul><li>At organizations that effectively communicate the value of less rich benefit packages, 76% of employees expressed satisfaction </li></ul></ul><ul><ul><li>Before spending more on benefits consider communicating it more effectively! </li></ul></ul>
  21. 21. GCG Benefit Symposiums and Meetings <ul><li>GCG Annual Benefit Symposiums. </li></ul><ul><li>Consumerism and Wellness meetings. </li></ul><ul><li>Milliman Benchmarking meetings. </li></ul><ul><li>Annual appearances at IASBO and other prestigious Human Resource conferences. </li></ul>
  22. 22. What separates GCG Financial as Consultants <ul><li>GCG Carrier Relationships </li></ul><ul><li>Zywave & Instant Benefits Technology – (Human Resource Center) </li></ul><ul><li>Benefit Symposiums </li></ul><ul><li>Background and Diversity of GCG Staff </li></ul><ul><li>Enrollment Driven in HDHP’s – one of the largest in the Midwest </li></ul><ul><li>Benefit and Contribution Strategies that meet short and long-term solutions – 97.3% Client Retention </li></ul><ul><li>Benefit Communication Educators </li></ul><ul><li>Cobra Administration Included </li></ul><ul><li>Benefit Statements & Communication Plan Development </li></ul><ul><li>Group Meetings & Seminar Series Available on Retirement/Financial Planning </li></ul><ul><li>We Are Implementation Driven! </li></ul>
  23. 23. Contact Us GCG Financial, Inc. 3000 Lakeside Drive Suite 200 South Bannockburn, Illinois 60015 (847) 457-3000 Corporate Headquarters Additional Locations: Bloomington, IL Glen Ellyn, IL Oak Brook, IL Springfield, IL JC Buck Emplopyee Benefits Consultant 303-220-3274 [email_address] 7807 East Peakview Avenue Greenwood Village, CO 80111 Denver, CO