For many businesses, being able to offer employees an appealing benefits package means providing existing workers an enhanced compensation plan while also attracting new applicants. However, inefficiencies and management difficulties may result in benefits that are too costly or cumbersome to remain sustainable.

In these situations, employers need to consider cost reduction strategies that may bring their expenses under control and allow them to offer employees benefits that are both competitive and manageable from their perspective.

Since 1966, Alper Services has made a commitment to our Clients to provide cost reduction strategies and methods that will help them reach these goals and better serve their employees. By applying our specialized expertise and dedicated, individualized service, we are partners to our Clients in benefits management, program monitoring and human resources consulting.

Understanding the factors that affect your employee benefits

Consider how your company is managing  your employee benefits. Employee health insurance, for example, can be a significant driver of cost if mismanaged, which is part of the reason why 66 percent of companies announced their intention to increase their workers’ share of single-coverage health premiums in a 2011 survey. To better manage these challenges, employers may want to consider offering certain types of voluntary benefits that may encourage workers to seek preventative care. That, in turn, helps both employees and employers benefit from fewer medical-related expenses.

Even simple errors in premium calculations may put additional financial pressure on organizations. As a result, it is important to partner with a consultant that has a firm understanding of premium management and cost reduction strategies.

At Alper Services, we have applied our experience and to help lower Clients' reserves - to achieve manageable employee benefits.  Even our AuditRate Service is used to uncover areas for future premium savings.

Implementing cost reduction strategies to rein in expenses

Through expert analysis, Alper Services has helped Clients in a number of industries identify areas of their benefits management that may contribute to higher costs. From there, we also have the experienced specialists and methodology to put practical solutions into place, saving our Clients money and improving their benefits management.

In another situation, we helped a Client move from an increasingly expensive preferred provider organization (PPO) healthcare plan to a tax-preferred, consumer-driven high-deductible health plan (HDHP), which have been shown to provide companies more financial flexibility and encourage more proactive healthcare practices from employees.

With our finger on the pulse of the commercial insurance world, backed by our knowledge of flexible and beneficial products such as Health Savings Accounts (HSA), Health Reimbursement Accounts (HRA) and Section 125 plans, among others, Alper is prepared to educate your management team on the best ways forward when it comes to employee benefits.

How Alper has helped companies gain control over benefits management

Alper has been a partner to organizations striving for ways to manage costs while providing generous benefits to their employees. With our specialized experience in compensation claims management, risk management and other employer concerns, we are the premier choice for Clients who require solutions to their insurance issues.

As a trusted advisor to our Clients, we apply our proven approach - a focused evaluation of needs followed by the implementation of effective cost-saving strategies - to help companies reach financial goals. We advocate on our Clients' behalf on every point of concern, and by making their needs our highest priority, we are able to offer superior customer satisfaction and build lasting relationships.