December 2006
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Benefit Services Group, Inc.
28423 Orchard Lake Road
Suite 200
Farmington Hills, MI 48334

Phone: (248) 553-9040
Fax:    (248) 553-9042

Info@BenefitServicesGroup.com
www.YourBenefitStore.com


Welcome to Our Newsletter!

We have articles that will make benefit ideas that will have you roast chestnuts over a open fire, while listening to Jingle Bells, and reading these articles on a silent night: “Free Software: Stabilix Health Companion™ (Limited Time) “, “Top 15 Things You Should Do To Protect Yourself From ID Theft “, “Employers Will Soon Be Required to Electronically File Form 5500s”, “Cost Information Is Crucial to Consumer Health Care Decision Making “, “Highest-Cost Medical Conditions Are Also Biggest Disability Claims Drivers” and “Employers Should Strengthen Wellness Programs to Reduce Boomer Disability Claims” are articles you don’t want to miss while listening to holiday tunes.

Everyone at Benefit Services Group, Inc. would like to wish you a Happy Holiday season and a happy New Year!

Let us know if you want us to further investigate how some of these idea’s can improve your employee benefits and or there cost.  If you have a topic for future discussion, please let me know.  We value your opinion; any suggestions for improvement are always welcome.  Send them to us via email to jshort@benefitservicesgroup.com or fax (248-553-9042).


J. Patrick Short
President
 


Kenneth E. Tebbetts
Account Executive


Free Software: Stabilix Health Companion™ (Limited Time)

Till now, there were no good tools that help the consumer to maneuver through the maze of confusing terminologies, calculations, and accounting. Stabilix Health Companion™ is a software tool that enables healthcare subscribers to behave like discerning consumers of healthcare. It is an indispensable health & expense management tool for the health care consumer who is value conscious and attentive to wellness & prevention.

Here are some product highlights:

  • Track your healthcare expenses as they happen.

  • Anticipate your expenses from past data analysis.

  • Manage savings accounts such as HRA, HSA, FSA etc.

  • Optimize your healthcare payments.

  • Consolidate all your health & expense records.

  • Manage multiple coverage and payments.

  • Obtain extensive reporting and inquiry capabilities on all facets of your family’s healthcare.

  • Track personal health initiative progress such as weight loss, blood glucose, and cholesterol levels.

  • Utilize automated reminder capabilities for doctor appointments, prescription refills, and insurance premium payments.

  • Consolidate all healthcare contact information for easy access including insurance companies, doctors, pharmacies, and hospitals.

  • Monitor and control all costs associated with a specific illness or Episode of Care.

  • Track and report on deductible medical services for annual tax preparation.

Click here to download your free software!

Top 15 Things You Should Do To Protect Yourself From ID Theft

We posted this in our February newsletter and have updated it since then. With the holidays and online shopping, we feel it is important to include it again this month.
Click here to read the full article

Do your part-time employee's, employee's college students or employee's leaving your company need medical insurance?

If so, please direct them to www.YourBenefitStore.com/quotes . We have plans for individuals and families, college student plans, and temporary insurance, such as to cover the employee during their waiting period.
Click here to get a quote!

Employers Will Soon Be Required to Electronically File Form 5500s

Starting with the 2008 plan year, employers will be required to electronically file their annual pension and other employee benefit plan reports with the government. A new Department of Labor regulation requires companies to file their annual Form 5500 reports electronically, starting in 2009. The new rule affects annual reports dated January 1, 2008, or after. The department originally proposed electronic filing starting next year. However, many small employers voiced concern that more time would be needed to make the necessary adjustments.
Click here to read the full article

Cost Information Is Crucial to Consumer Health Care Decision Making

Consumer-directed health plans can help employees more clearly connect the dots between their decisions about when and where to seek health care, and the resulting costs. In order for these plans to contain costs, employee-participants should have access to provider- and procedure-specific cost information, and use this information when making treatment and services decisions. Only under these circumstances can consumer-directed health plans attain their cost-savings potential.
Click here to read the full article

Highest-Cost Medical Conditions Are Also Biggest Disability Claims Drivers

The five most costly medical conditions also account for the majority of missed workdays under short-term disability (STD) insurance, according to an analysis of STD claims. This correlation highlights the potential advantages of developing wellness, preventive care and disease management programs that target these conditions, since the benefits of an investment in such programs can pay off in multiple ways for an employer.
Click here to read the full article

Employers Should Strengthen Wellness Programs to Reduce Boomer Disability Claims

If you haven't considered the "graying" of the current work force, perhaps you haven't reviewed current Department of Labor statistics:

-  The median age of all U.S. employees is 40.4 years.

-  The median age of employees in public administration is 43.8 years.

-  The median age is 43.5 years in education and 43.0 years at transportation and utility companies.
Click here to read the full article

 


Please contact me about our company's employee benefit needs. I can be reached at:

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The purpose of this newsletter is to provide information about industry trends and news of general interest to our clients, potential clients and other professionals. Information about product offerings, services, or benefits is illustrative and general in description, and is not intended to be relied on as complete information. While every attempt is made to ensure the accuracy of the information provided, we do not warranty the accuracy of the information.

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