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Fringe Benefits Administration

We utilize proprietary fringe benefit administration software to administer, track, and report employee fringe dollars. Our real-time reports and extensive experience will keep your company compliant and remove the potential of any fines or penalties associated with non-compliance. Our experienced team will ensure the products and services we provide will optimize your employee’s fringe dollars to meet their individual needs.     

Does your company adhere to federal labor wage laws? Non-compliance may result in fines and exclusion from future projects.

There is a growing awareness that the service and government construction industry is facing heightened regulatory scrutiny. As construction firms recognize the need to focus on compliance within their operations, they are likely to proactively take steps to ensure adherence, leading to a decrease in the number of prosecutions.

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Since 1985, the United State Department of Labor’s (DOL) Wage and Hour Division has reported over 119,000 violations of the Davis-Bacon Act. Those violators, who failed to pay employees the prevailing wage for government-contracted projects, paid over $197 million in back wages to their employees. Of all the industries in violation of the Davis-Bacon Act, construction was the worst hit by far, followed by administrative and support and waste management and remediation services, and manufacturing.

MBA can help your company:

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  • Reduce benefit costs and increase options for your valued employees

  • Reduce internal administrative workload so you can increase profitability

  • Personal attention and customization of YOUR company and employees needs

  • Administer Davis-Bacon Act requirements

  • Manage SCA administration

  • Create systems for fringe benefit accounting, tracking, reporting and compliance

  • Create cost comparisons of fringe benefits vs. salary pay out

  • Develop unique/creative benefit options to meet fringe cost requirements

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Key Plan Components

Healthcare Platform Model

powered by: RFP Administrators

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Plan Document/Administrative Service Agreement

  • Plan model specific wording developed/incorporated into the Plan Document Plan

  • Document language coordination with the Administrative Service Agreement

  • Plan Document ties all the plan model components

  • Tiered benchmarks of fair and reasonable reimbursement

  • Addresses assignment of bene ts, plan max allowable, plan responsibilities

  • Member Balance Bill Protection

  • Plan Document language allowing for expansion of balance bill stop loss coverage

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Smart Pricing

  • Local market driven pricing

  • Medicare rate application informed for proper market adjustment

  • Provider specific Medicare rate application (not general geographic region)

  • Provider economics algorithm

  • Service line variability (IP/OP Facility vs. Professional)

  • FairPricing market algorithm

  • Pre-Adjudication audit

  • EDI connection between intermediaries

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Member Experience

  • Plan participant technology platform for mappable and price based provider search site

    • â—¦Addresses most costly providers and services

  • Concierge facility access support

  • Concierge imaging network

  • Social platform for crowd sourced provider feedback and tips

  • Search site for

    • â—¦Finding safe harbor providers (doctors, practices and hospitals)

    • â—¦Invite your doctor

    • â—¦Surgical procedure requests

    • â—¦Balance bill reporting

    • â—¦Addresses most costly providers and services

  • Patient advocate process for Plan members

  • Legal advocacy process for Plan members

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Patient Advocacy Program

  • Technology platform

  • Toll-free hot-line

  • Proactive intermediation of high cost elective procedures Proactive member notification of large balance bills

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Legal Advocacy & Defense Program

  • Provider letters delivered on behalf of member in response to balance bills Interaction with providers for purpose of explaining plan model

  • Member support communication with providers in event of balance bill Continual member support interaction with Plan member

  • Coordinated involvement of external professional negotiations service partner in

  • event of collection notice

  • Coordination of negotiations and settlement (if applicable) with provider, plan

  • sponsor and stop loss carrier

  • Weekly and monthly notices to member and at time of claim settlement Attorney communication or negotiation, if required

  • Coordinate "Attorney to Collections" communication or negotiation, if required

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Stop Loss / Reinsurance

  • Maximum budget protection

  • Stop loss partners review

  • Stop loss carrier accommodates the payment tiers as designed in the plan document

  • Stop loss policy language to allow underwriting credit for the program

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Would you like to learn more?

Submit our request form. We’d be happy to send you additional information.

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© 2024 Micronesia Benefit Administrators

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