Page 33 - Bird RFP Response_Burnham Benefits

Burnham Benefits Response to Bird
Request for Proposal for Benefits Broker

Services
Ensure benefit offerings are compliant with ACA and federal and state
regulations; provide recommendations if not compliant to avoid penalties

Automate benefit administration through a preferred vendor partner, resulting
in increased HR productivity and reduced billing and coverage errors
Implement voluntary benefits, such as critical illness and accident insurance,
alongside high deductible health plans so employers can comfortably increase
employee cost-sharing through less rich plan designs

Burnham revisits this process and updates the 5-year roadmap annually, at a minimum.
Following open enrollment and prior to kicking off strategy for the next plan year, Burnham
conducts a stewardship review that summarizes estimated savings by initiative. As the plan year
unfolds, we monitor results and compare actual to expected; after an entire year of plan
experience, we determine actual savings realized.

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