Page 14 - Francis Parker School RFP (Stawicki)

Burnham Benefits Response to Francis Parker School Request for
Proposal for Consultant/Broker for Health and Welfare Plans

Services
Firm’s Expertise
As an employee benefits only consulting firm, we remain dedicated and focused on our clients’
health and welfare plans. Other firms have property and casualty lines of business and, in a cyclical
market, resources can be constrained for benefits due to other lines of business declining revenue.
We always remain focused on employee benefits. We are also privately held, so our decisions are
made with a long-term focus, not to achieve a quarterly result for stockholders or maximize profit
margins.

Consumer-driven Consumer-driven health plans are an effective way to make
plans healthcare consumers more aware of their utilization.
Implementing such plans results in a discounted premium as well
as lower expenditures. Burnham Benefits has been working with
our clients for nearly a decade assessing and implementing
medical plans which incorporate Health Savings Accounts (HSAs),
Health Reimbursement Accounts (HRAs) and other plans.

Self-insured Approximately one-quarter of Burnham’s book of business is self-
programs funded or in an alternatively funded arrangement. Our
underwriting team and account executives have the experience
required to effectively execute such plans. Our reporting is
tailored to clients’ needs.

Legal Compliance We understand that our clients expect and deserve compliance

services. Burnham employs a full-time ERISA attorney/compliance
director as well as team of underwriters who work together to
ensure that Burnham team members and our clients are well-
versed and understand risks and what must be done to stay
compliant. We support our clients with financial modeling
including pay-or-play which became effective in 2014. We also
keep clients apprised with emails and webinars.

Implementation of Benefits administration system and ACA reporting systems are a
Benefits bit like a good referee in a soccer game. If they are doing a good
Administration/ACA job, no one notices, but if there are blunders everyone is acutely
Reporting Systems aware of the deficiencies. We understand how important this is to
our clients and we assist with the implementation and ongoing

management of the benefit administration system. Burnham
similarly works with ACA reporting systems and is agnostic toward
the selection. Our process and approach mirror our approach

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