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GBS Administrators is a group of highly qualified professionals whose role is to be your administrative partner. Our experts take the most tedious, time-consuming work off your plate and shield you from legal liability.
Thanks to our rigorous internal quality controls and sophisticated technology platforms, we ensure that your benefits are administered with the accuracy and speed that far exceed industry standards.
Single Billing Service
Offering a comprehensive benefits package to your employees often leads to working with several insurance carriers to get the coverage and rates you need. That translates into hours of your HR and accounting staff spent on enrollment tracking and billing. When you delegate the work to our Single Billing Service Team, we will perform these functions on your behalf:
- Track eligibility of new hires and employee status real-time through our internal system connected directly to the carriers' databases
- Distribute premiums and fees to carriers
- Reconcile your bills and provide a statement that's easy to review
- Manage your data in our secure, fail-safe databases and record-keeping systems
- Deliver monthly reports tailored to your needs (e.g. by cost center, location or division)
- Resolve billing eligibility issues and advocate for your interests with carriers
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COBRA Administration
COBRA offers continuation of health coverage to former employees, and requires tracking of both notifications and premiums. Keeping mandatory documentation and sending notifications on time presents a real challenge to employers. Regulations change frequently, and failure to comply can result in costly penalties. So how do you keep up with changing regulations, reduce your workload and minimize liability? Now you can delegate time-intensive COBRA administration to our trained specialists. The GBS Administrators' COBRA services include:
- Dedicated support by professional COBRA specialists
- Open enrollment support and materials
- All required notifications to eligible participants
- Timely collection and remittance of premiums
- Complete monthly management reports
- Secure records retention
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Direct Reimbursement Plans
Our innovative employer sponsored self-insured reimbursement plans allow you to pay for actual care instead of insurance premiums. The plan is fully customizable, so the employer determines the levels of reimbursements and the maximums under the plan. This program can help you lower your spending and administration workload on dental/orthodontia/vision.
In addition to the cost saving potential, the Direct Reimbursement plan offers added benefits to the employees. It often may reimburse employees for a higher percentage of their expenses than a traditional dental plan. It also allows the employee to select any licensed dental service provider, and the reimbursement is not subject to the “Usual and Customary” limitations.
Here’s a sample comparison of a fully insured dental plan and Gallagher Reppond’s Direct Reimbursement plan:
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Two Routine Cleanings @ $100 Each |
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Traditional Dental Plan
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Direct Reimbursement Plan
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100% of preventive care: $200 |
100% of the first $200: $200 |
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Traditional Dental Plan
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Direct Reimbursement Plan
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50% of major care: $400 |
80% of the first $400: $320
50% of the remainder*: $200 |
| Insurance Pays: $600 |
Plan Pays: $720 |
| Employee Pays: $400 |
Employee Pays: $280 |
*Up to a designated annual maximum, e.g. $1,500
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