products and services
Fallon Benefits Group has a variety of products and services available to clients in order to design the best employee benefit plans. Recommendations on plans are made upon learning more about the client business objectives and company culture through the core planning process. Available benefit plan offerings include:

• Medical Plans

• Dental Plans

• Vision Plans

• Life Insurance/Accidental Death and Dismemberment

• Disability Benefits

• Worksite Benefits

• Long-term Care Plans

• Retirement Plans

• Employee Assistance Programs

• Wellness Programs

• Business Travel Accident

• International Benefits

• COBRA Administration

• FSA Plan Administration

• Actuarial Services

• Form 5500 Preparation

• Identity Theft Coverage

• Voluntary Products

• Claims Audits

• Dependent Eligibility Audits

core planning process
Fallon Benefits Group has developed a core planning process to ensure that clients have the best employee benefit plans possible. The process begins with the design of a plan, followed by execution of the plan while continually analyzing ways to improve the plan efficiency. Consistent communication with the client is the foundation for a successful plan. Fallon Benefits Group seeks to understand the client’s long-term objectives in order to provide a sound employee benefit plan today and in the years to come. The steps of the core process are as follows:

Discuss and assess the client's overall business objectives and specific objectives for the employee benefits program

• Provide funding alternatives   

• Analyze risk options

• Assess current benefits and company culture

• Consider new benefits options

• Define employee contribution strategies

• Determine future needs of employees

• Review vendor selection

• Benchmark data

Develop and submit the Request for Proposal (RFP)

• Gather census information 

• Consider experience and plan design

• Analyze each plan to be marketed

Analyze and evaluate vendor proposals

• Follow up with each vendor

• Compare current benefit plans and costs to proposed benefit plans and costs

• Negotiate with vendors

• Coordinate vendor presentations

• Present recommendations

• Finalize proposals for implementation

Implementation of new vendor(s)

• Coordinate vendor/client meetings to review final benefits and rates

• Design employee communications campaign

• Assist with implementation schedule including employee meetings, banking arrangements, and administrative review

• Confirm timely delivery of ID cards

• Review accuracy of plan booklets and SPDs

• Review contracts and policies

Provide ongoing service

• Assist with vendor administrative and financial services

• Provide claims assistance and support

• Provide legislative updates

• Develop a service calendar for regular meetings and/or conference calls

• Conducts regular review of financial reports

• Provide consultation on Human Resources issues

Prepare for the next renewal period

• Determine renewal objectives at mid-year

• Review projected renewal expectations at mid-year

• Analyze and negotiate renewal

• Facilitate marketing process