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Ags Group Benefits Consulting 2011

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AGS Benefit Solutions, Inc. (AGS) is a full-service healthcare human resources/benefits solutions’ provider headquartered in King of Prussia, Pennsylvania.

Recognized as a “Thought Leader” in the health-care industry, AGS continually raises the bar on industry standards by providing progressive thinking, and delivering critical, timely solutions to their clients, offering a comprehensive suite of human resource benefit tools, consulting capabilities and unrivaled service.

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Ags Group Benefits Consulting 2011

  1. 1. Human Capital Practice Group Benefits Consulting, Brokerage and Administration Overview 1060 1 st Avenue 4 th Floor King of Prussia, Pennsylvania 19406
  2. 2. <ul><li>Contact Information </li></ul><ul><li>AGS Benefit Solutions </li></ul><ul><li>1060 First Avenue, 4th Floor </li></ul><ul><li>King of Prussia, PA 19406 </li></ul><ul><li>Email: [email_address] </li></ul><ul><li>Web: www.agsbenefitsolutions.com </li></ul><ul><li>T: 610-768-8031 </li></ul><ul><li>T: 610-768-8032 </li></ul><ul><li>Toll free: 1-888-803-2216 </li></ul><ul><li>Delivering our total capacity through a single point of contact ! </li></ul>
  3. 3. <ul><li>Organizational Overview </li></ul>Delivering our total capacity through a single point of contact !
  4. 4. Organizational Overview <ul><li>AGS is successfully led by, Founder and President-- Michael J. Giongo </li></ul><ul><li>Mr. Giongo has diverse industry expertise, acting as strategist/consultant, broker and risk management specialist, spanning over 18 years. He has been recognized numerous times by industry peer’s as a top performing consultant . </li></ul><ul><li>Mr. Giongo is active in professional development and industry affairs. He is an active member in the nationally recognized Society for Human Resource Managers (SHRM). Mr. Giongo has also contributed expert commentary to the broadcast of KYW News Radio for the last 6 years, as a financial correspondents/analyst. He is also a active member of the Pyramid Club in Philadelphia, PA </li></ul><ul><li>Michael and his Wife, Marie Ann, have been blessed with three children: Michael A., Matthew, and Alexandra. The Giongo Family resides in Chester County, Pennsylvania. </li></ul><ul><li>. </li></ul>Delivering our total capacity through a single point of contact !
  5. 5. <ul><li>Leadership </li></ul>Delivering our total capacity through a single point of contact !
  6. 6. Leadership <ul><li>Executive Summary </li></ul><ul><li>Our dual identities as both an insurance brokerage firm and innovative consulting practice specializing in group benefits, enables us to: </li></ul><ul><li>Provide unparalleled access to national and regional insurance carriers </li></ul><ul><li>Support your plan (s) with administrative services that deliver integrated and creative benefit solutions. </li></ul><ul><li>Provide premier standards for delivering fast and friendly service, accurate information, and streamlined ease of access. </li></ul><ul><li>As your partner, we never lose sight of our focus to provide the resources for building lasting relationships that inspire confidence and lead to greater success. That is our promise to you now, and in the future. </li></ul>Delivering our total capacity through a single point of contact !
  7. 7. <ul><li>Our Exciting Present </li></ul>Delivering our total capacity through a single point of contact !
  8. 8. Our Exciting Present <ul><li>Today, we are widely recognized for our expertise in the planning and management of employee benefits plans and human resource consulting . </li></ul><ul><li>We maintain headquarters in King of Prussia, Pennsylvania, with national and international consulting resources and capabilities. </li></ul><ul><li>In addition, to our group benefits brokerage and consulting practice, we also proudly support Professional Consultants and Brokers via our Advisor OneSource platform , helping them meet the benefits and consulting needs of companies throughout the country. </li></ul>Delivering our total capacity through a single point of contact !
  9. 9. <ul><li>Our Limitless Future </li></ul>Delivering our total capacity through a single point of contact !
  10. 10. Our Limitless Future <ul><li>YOU …are the key to our continued success! </li></ul><ul><li>We genuinely believe that our pursuit of an innovative benefit solutions platform for Our Valued Clients , coupled with our steadfast dedication to unrivaled client service, is the key to our continued success. </li></ul><ul><li>By staying committed to these core principles, we trust that there will be no boundaries to our and your future success. We welcome the challenges of the future, as each presents an opportunity to assist you to the best of our ability. </li></ul>Delivering our total capacity through a single point of contact !
  11. 11. <ul><li>Our Philosophy </li></ul><ul><li>“ Saper Vedere” </li></ul>Delivering our total capacity through a single point of contact !
  12. 12. Our Consulting Philosophy <ul><li>“ Saper Vedere” </li></ul><ul><li>When people asked Leonardo DiVinci the secret of his creative and inventing genius, he replied “Saper Vedere”, “to know how to see”. </li></ul><ul><li>Like Di Vinci, our primary objective is to help clients “see” the systematic relationship between corporate policy, capital formation, and growth and then help them “see” strategies for growing their businesses, increasing the value of their investments and realizing the potential of their most valuable asset of all, …their “Human” resources. </li></ul>Delivering our total capacity through a single point of contact ! “ To know how to see…”
  13. 13. Human Capital Practice and Group Benefits platform “ Best In Class” Capabilities….Seamless Delivery To Your Organization
  14. 14. “ Best In Class” Capabilities….Seamless Delivery To Your Organization AGS Human Capital Practice—Group Benefits Platform AGS Benefit Solutions Fully Insured Brokerage and Consulting Self Insured Brokerage and Consulting Fully Insured One Source Solutions Package Actuarial Reporting Services M&A Integration Due Diligence Benchmarking and Surveys (Analysis) Compliance and Communication Programs Administrative Outsource Solutions Suite of Services Ask us!
  15. 15. <ul><li>Human Capital Practice </li></ul><ul><li>Our Professionals </li></ul>“ Best In Class” Capabilities….Seamless Delivery To Your Organization
  16. 16. AGS “Human” Resources “ Best In Class” Capabilities….Seamless Delivery To Your Organization AGS Benefit Solutions Partners HCSC HCSC HCSC HCSC AS HCSC AS AS AS AS HCSC HCSC HCSC HCC HCC HCC HCC HCC HCC HCC HCC AS + AS + AS+ AS+ AS+ AS+ AS+ AS+ HCSC(Green) Human Capital Senior Consultant Senior Level HCC(Brown) Human Capital Consultant Subordinate Consultant AS+ Administrative Support + = Multiple support resources Senior Level
  17. 17. AGS Professionals “Knowledgeable and proactive on your behalf” <ul><li>“ </li></ul><ul><li>Acting in our capacities as consultants, insurance brokers and risk management specialists, along with our strategic alliances, we develop effective bottom line solutions for you by: </li></ul>Delivering our total capacity through a single point of contact !
  18. 18. AGS Professionals “Knowledgeable and proactive on your behalf” <ul><li>We develop effective bottom line solutions for you by: </li></ul><ul><li>Identifying and evaluating exposures </li></ul><ul><li>Benchmarking, quantifying and monitoring benefit management standards </li></ul><ul><li>Advising on formal risk management compliance/requirements </li></ul><ul><li>Plan Design Consulting </li></ul><ul><li>Negotiating and placing insurance risk with insurance carriers </li></ul><ul><li>Proposal Generation </li></ul><ul><li>Plan Implementation/Enrollment: </li></ul><ul><li>Innovating new approaches that anticipate your changing needs </li></ul>Delivering our total capacity through a single point of contact !
  19. 19. Delivering our total capacity through a single point of contact ! The Annual Health and Welfare Consulting Cycle
  20. 20. The Annual Health and Welfare Consulting Cycle <ul><li>“ We believe that what differentiates us from our competition is how we work our clients through this cycle!” </li></ul>Delivering our total capacity through a single point of contact !
  21. 21. The Annual Health and Welfare Consulting Cycle Delivering our total capacity through a single point of contact ! 7. Implementation Support 6. Plan Pricing Rate Development 5.Renewal Vendor/ Negotiation 4. Forecasting 3. Retrospective Review 2. Benchmarking Surveys 1. Planning AGS Client
  22. 22. The Annual Health and Welfare Consulting Cycle <ul><li>There are seven distinct but integrated steps in our process: </li></ul><ul><li>Planning </li></ul><ul><ul><li>The annual planning meeting at the start of the plan year. </li></ul></ul><ul><li>We will: </li></ul><ul><li>Prepare a summary report of your past performance </li></ul><ul><li>Highlight key events </li></ul><ul><li>Discuss options you want to review going forward, prioritize them and document when and why decisions about your plan (s) are being made . </li></ul>Delivering our total capacity through a single point of contact ! Planning Client
  23. 23. The Annual Health and Welfare Consulting Cycle <ul><li>Benchmarking </li></ul><ul><li>Using nationally published data and surveys… </li></ul><ul><li>We will: </li></ul><ul><li>Compare your benefit program to national norms to show you how your plan designs and costs compare competitively to the marketplace. </li></ul><ul><li>This analysis is presented and discussed at the annual planning meeting. </li></ul>Delivering our total capacity through a single point of contact ! Benchmarking 1 Client
  24. 24. The Annual Health and Welfare Consulting Cycle <ul><li>Retrospective Review </li></ul><ul><li>At the annual planning meeting, your actual plan experience is compared to earlier forecasts to determine how and why your plans underperformed or overachieved. </li></ul><ul><li>We can also present a forecast of the expected results for your company for the upcoming year. </li></ul>Delivering our total capacity through a single point of contact ! Retrospective Review 2 1 Client
  25. 25. The Annual Health and Welfare Consulting Cycle <ul><li>Forecasting </li></ul><ul><ul><li>After outlining what you want your plans to achieve in the planning process for the upcoming year, we prepare a forecast showing the expected financial results of the anticipated changes. In addition, it provides you with &quot;ball park&quot; numbers you may need for preliminary budgeting purposes . </li></ul></ul>Delivering our total capacity through a single point of contact ! Forecasting 3 2 1 Client
  26. 26. The Annual Health and Welfare Consulting Cycle <ul><li>Renewals/Vendor Negotiations </li></ul><ul><li>Although your plan rates change annually, we monitor your plan experience on a quarterly basis, where possible. This enables us to monitor what is happening with your plans and anticipate any potential issues before the end of the plan year. </li></ul>Delivering our total capacity through a single point of contact ! Renewal Vendor/ Negotiation 4 3 2 1 Client
  27. 27. The Annual Health and Welfare Consulting Cycle <ul><li>Plan Pricing/Rate Development/Employee Contribution Rate Development </li></ul><ul><li>For your self-funded plans, our health and welfare actuaries will set the rates for your plans for the upcoming year. If your plans require employee contributions, we will review your contribution strategy and help you develop employee contribution rates to support that strategy. </li></ul>Delivering our total capacity through a single point of contact ! Plan Pricing 5 4 3 2 1 Client
  28. 28. The Annual Health and Welfare Consulting Cycle <ul><li>Implementation Support </li></ul><ul><li>Where plan changes have been made, we will work with you and your vendors to ensure that plan documents and booklets are updated to reflect the appropriate plan changes. </li></ul>Delivering our total capacity through a single point of contact ! Implementation 6 5 4 3 2 1 Client
  29. 29. The Annual Health and Welfare Consulting Cycle Delivering our total capacity through a single point of contact ! 7. Implementation Support 6. Plan Pricing Rate Development 5.Renewal Vendor/ Negotiation 4. Forecasting 3. Retrospective Review 2. Benchmarking Surveys 1. Planning AGS Client
  30. 30. <ul><li>Our Consulting Process </li></ul>Delivering our total capacity through a single point of contact !
  31. 31. The Consulting Process…Redefined! Delivering our total capacity through a single point of contact !
  32. 32. <ul><li>Fully Insured Platform </li></ul>Delivering our total capacity through a single point of contact !
  33. 33. Fully Insured Programs <ul><li>AGS offers balanced solutions that meet the needs of your employees, through the ever-changing world of coverage choices. </li></ul><ul><li>As part of our suite of Group Solutions, we confidently provide a reliable resource for tailoring the best program for you. </li></ul><ul><li>AGS has confidently emerged as a leading strategist in devising sound plan designs ,while mitigating cost ,where possible. </li></ul><ul><li>As your comprehensive one-stop resource, we can help you procure a well-balanced, fully-insured program that fits your needs. </li></ul>Delivering our total capacity through a single point of contact !
  34. 34. Fully Insured Brokerage <ul><li>In addition to offering access to a wide selection of health carriers, we offer: </li></ul><ul><li>Life, Accidental Death and Dismemberment (available as Basic, Supplemental, and/or Voluntary) </li></ul><ul><li>Short Term Disability (B or V ) </li></ul><ul><li>Long Term Disability (B or V) </li></ul><ul><li>Dental and Vision (Fully Insured or Discount Care) </li></ul><ul><li>Mini Meds (For part-time, seasonal and/or 1099 employees. </li></ul><ul><li>Executive Carve Outs </li></ul><ul><li>Non Qualified Deferred Compensation </li></ul><ul><li>Worksite Marketing for Voluntary Products </li></ul>Delivering our total capacity through a single point of contact !
  35. 35. Fully Insured Solutions <ul><li>AGS’s approach to combat rising healthcare costs is a comprehensive, multifaceted strategy. </li></ul><ul><li>Our strategy includes: </li></ul><ul><li>Product matches for your current medical plan in terms of both plan design and participant access as identified by our specialists. </li></ul><ul><li>Comparatives of the best rates from all applicable carriers with the goal of identifying the most cost competitive carrier for duplication or near-duplication of your current plan. </li></ul><ul><li>Recommended medical plan options, ranging from CDHPs to multiple–level deductibles to managed care strategies, which maximize your cost savings to fund the purchase of ancillary products. </li></ul>Delivering our total capacity through a single point of contact !
  36. 36. Fully Insured Solutions <ul><li>AGS provides real choices for your benefit planning needs . </li></ul><ul><li>Summary of services: </li></ul><ul><li>Group Medical Benefit Plan(and ancillaries) </li></ul><ul><li>COBRA Administration </li></ul><ul><li>Integrated Technology Package </li></ul><ul><li>Health Advocate™ </li></ul><ul><li>HR Administrator Reference Desk </li></ul><ul><li>Flexible Spending Account (FSA) </li></ul><ul><li>Administration (Premium Conversion </li></ul><ul><li>Plan-CDHP’s, Dependent Care Spending Account, etc. </li></ul>Delivering our total capacity through a single point of contact ! “ And that’s just a start…”
  37. 37. <ul><li>Self -Funding : Third Party Administration </li></ul>Delivering our total capacity through a single point of contact !
  38. 38. Self –Funding: Third Party Administration <ul><li>Our highly skilled team can support your self-funded programs with an exceptional level of professionalism, reliability and service. </li></ul><ul><li>AGS has established consulting alliances with several of the country’s largest ( and best) Third Party Administrators of group health benefits. Of course, we can go direct to the carrier. </li></ul><ul><li>AGS offers your organization a complete and well rounded resource to support your Self-Funded Plans. </li></ul>Delivering our total capacity through a single point of contact !
  39. 39. <ul><li>Actuarial Services and Reporting </li></ul>Delivering our total capacity through a single point of contact !
  40. 40. Actuarial Services and Reporting <ul><li>Several examples of our capabilities: </li></ul><ul><li>Managing Health Care Cost and Quality Through Predictive Data Analytics </li></ul><ul><li>Mergers and Acquisitions: </li></ul><ul><ul><li>Plan Integration-Due Diligence </li></ul></ul><ul><ul><li>Feasibility Studies </li></ul></ul><ul><ul><li>Cost Control Analytics </li></ul></ul><ul><ul><li>Predictive Analytics </li></ul></ul><ul><ul><li>And More… </li></ul></ul>Delivering our total capacity through a single point of contact !
  41. 41. Actuarial Services and Reporting <ul><li>Compensation Consulting </li></ul><ul><li>Plan Design </li></ul><ul><li>We help clients design annual and long-term incentive plans and sales compensation programs.  </li></ul><ul><li>Compensation & Business Benchmarking </li></ul><ul><li>We conduct customized benchmarking/market research projects for our clients.  </li></ul><ul><li>Compensation Advisory/Counsel </li></ul><ul><li>We provide our clients with information and insight that helps them make better business and pay decisions. </li></ul>Delivering our total capacity through a single point of contact !
  42. 42. <ul><li>Benchmarking and Survey Management </li></ul>Delivering our total capacity through a single point of contact !
  43. 43. Strategic Planning <ul><li>Benchmarking and Surveys </li></ul><ul><li>AGS utilizes a multitude of resources to benchmark client data and determine a client's competitive position with respect to health and welfare benefits offerings, while also identifying cost reduction opportunities. </li></ul><ul><li>We review data from prominent national surveys and from our book of business and specific peer groups. </li></ul><ul><li>We are able to provide detailed comparative information for our clients. </li></ul><ul><li>This information becomes a valuable component in developing a client-specific strategy that continually revisits the design of the benefit plans, as well as the level of employee/employer cost sharing. </li></ul><ul><li>This periodic analysis helps you make benefits decisions that are right for your business and employees . </li></ul>Delivering our total capacity through a single point of contact !
  44. 44. <ul><li>AGS provides your organization with deliverables that clarify and mete out cost reduction </li></ul><ul><li>AGS Benefits Solutions works in tandem with our strategic partner to provide your organization with the very best in Benchmarking and Survey management. </li></ul><ul><li>Our partner’s years of experience and expertise have made it the trusted survey provider to a long list of Fortune 500 corporations, major government agencies, national associations, and a number of smaller companies and non-profit organizations. </li></ul><ul><li>Here is a representative sampling of clients utilizing this service… </li></ul>Delivering our total capacity through a single point of contact ! Benchmarking and Survey Management
  45. 45. <ul><li>Compliance </li></ul>Delivering our total capacity through a single point of contact !
  46. 46. Compliance <ul><li>COBRA, HIPAA, ERISA, etc. </li></ul><ul><li>We can help it all make sense. </li></ul><ul><li>Insurance laws and regulations change constantly - new federal regulations, federal and state mandates and federal and state employment laws are released regularly. </li></ul><ul><li>Keeping up with the changes while making sure you're in compliance can be a real headache … </li></ul><ul><li>No problem – Our professionals are here for you. </li></ul>Delivering our total capacity through a single point of contact !
  47. 47. Compliance Review <ul><li>Compliance </li></ul><ul><li>Periodic reviews, audits and updates of your plan documentation are a key part of maintaining compliance. </li></ul><ul><li>We will guide you through checklists of recent requirements and common oversights to make sure you're up to date. </li></ul>Delivering our total capacity through a single point of contact !
  48. 48. <ul><li>Communications </li></ul>Delivering our total capacity through a single point of contact !
  49. 49. Communications Strategy <ul><li> </li></ul><ul><li>We'll help you develop a communication strategy based on your benefits program and the demographics your audience . </li></ul><ul><li>The success of your benefit program depends on how your employees utilize it. </li></ul><ul><li>From planning through delivery, we'll create communication tools to educate your employees and motivate them to make smart choices about their benefits. The result? Maximum plan value for you and your employees. </li></ul>Delivering our total capacity through a single point of contact !
  50. 50. <ul><li>Benefits Administration </li></ul>Delivering our total capacity through a single point of contact !
  51. 51. Benefits Administration <ul><li>We understand that viable technology is only the first step in meeting your benefit administration needs. </li></ul><ul><li>Other firms give you their &quot;off-the-shelf&quot; products then make you adapt to those products' limitations. </li></ul><ul><li>Our technology provides you with flexibility by adapting to your specific benefit needs . </li></ul><ul><li>Our technology is complimented by top-notch benefits professionals – with years of experience in resolving benefits issues with intelligence, flexibility and tenacity. </li></ul>Delivering our total capacity through a single point of contact !
  52. 52. Benefits Administration - Outsourc e <ul><li>FSA, COBRA, HIPPA, FMLA administration, etc. </li></ul><ul><li>( Please ask us about our full capabilities for your organization ) </li></ul>Delivering our total capacity through a single point of contact !
  53. 53. <ul><li>Summary </li></ul><ul><li>Benefit Consulting and Brokerage Procurement Process </li></ul>
  54. 54. Benefit Consulting and Procurement Process Delivering our total capacity through a single point of contact ! The Consulting Process… Redefined !
  55. 55. Delivering our total capacity through a single point of contact ! Valued Client Partners
  56. 56. A Word From AGS… <ul><li>“ More companies are utilizing independent consulting platforms like AGS, because they understand the complexities, minutiae and compliance involved in managing their benefits and HR programs. </li></ul><ul><li>Simply put, our consultants are charged with the responsibility to perform , mitigate cost, where possible, and help navigate and deliver the very best selection of non-proprietary consulting access and resources for our valued clients.” </li></ul><ul><li>Michael J. Giongo </li></ul><ul><li>Founder & President </li></ul>Delivering our total capacity through a single point of contact !
  57. 57. Fee/Commission Disclosure <ul><li>Affiliates and Strategic partners of AGS that provide retail, wholesale and reinsurance brokerage, risk management, underwriting management, captive management and benefits consulting may receive remuneration as commissions or fees paid by an insurer; fees paid by a client in lieu of, or in addition to, commissions; and investment income on premiums, claim payments and return premiums temporarily held as fiduciary funds. In certain circumstances, one or more of these affiliates may also receive compensation in the following forms: commissions or fees paid to reinsurance brokerage or captive management companies for placement or management of reinsurance of a client’s risk; commissions or fees paid to a wholesale broker to which a risk has been referred for placement; commissions or fees paid for premium financing; and compensation paid by underwriters for performance of technical or other services.   If you have any questions regarding the nature or amount of the compensation paid to AGS on your account, we encourage you to contact us.  </li></ul>Delivering our total capacity through a single point of contact !
  58. 58. <ul><li>Human Capital Practice </li></ul><ul><li>Group Benefit Consulting, Brokerage and Administration Overview </li></ul><ul><li>1060 1 st Avenue </li></ul><ul><li>4 th Floor </li></ul><ul><li>King of Prussia, Pennsylvania 19406 </li></ul><ul><li>Delivering our total capacity through a single point of contact ! </li></ul>

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