Kipp & Company
Administrators, Ltd believes that each employer should be
provided solutions to reduce the stress and financial burden
of rising healthcare costs. We offer a wide range of services to fit your needs and we put the interests of your Healthcare Plan and your employees first.
Services We Provide to Employers
- Technologically
advanced eligibility and claims system software for the
administration of self funded medical, dental and vision
plans.
- COBRA & HIPAA
administration.Flexible spending accounts. On-line enrollment. Preparation
of customized identification cards.Web access to individual
claim information, plan documents, Flex pay history.
- Single
source billing/electronic enrollment.Utilization review/case
management through our business partners. Out of network
claim negotiation through our business partners. Hospital
invoice audit through our business partners. Excess loss
coverage marketing.
- Preparation of Form 5500 for CPA and Counsel review
and completion.
Claims Administration
Dedicated
account management staff to assist with the day-to-day management
of your account. Your account manager will interact with
broker representatives; human resource personnel and vendors
to ensure both you and your employees are receiving the
highest level of service.
Your account manager is
your first-stop contact for any plan questions: they
provide advisory services for plan compliance; facilitate
plan interpretation to ensure benefits are applied consistently
and accurately; coordinate with vendors (PBM, PPO, Reinsurance);
assist with complex eligibility questions; and provide
support for continuing improvement of internal operations
including claims payment, eligibility, enrollment and administration
services.
- Dedicated
claims and billing/enrollment staff. Assistance with employee
benefit meetings. Assistance with plan design. Preparation
of customized benefit booklets (SPD) and Plan amendments.
- Interactive voice recognition system.
Compliance Administration
- Printing and mailing of initial notices and certificates
of coverage for the administration of HIPAA.
- Monitoring of COBRA and HIPAA regulations including
industry trends which directly impact your healthcare plan
and you as an employer.
Section 125/129
Kipp & Company Administrators, Ltd. offers Section 125, Section 129 and Section
132 Cafeteria Plans that are a benefit to employers and
employees. Cafeteria
Plans take advantage of pre-tax savings to help employee’s
pay for out-of-pocket expenses. Cafeteria Plans are great
for employers because they help save on FICA taxes. Section
132 plans reimburse transportation expenses like parking
and mass-transit vouchers.
Section 125 Plans help with medical,
dental, and vision expenses not covered by an employee’s healthcare plan. Section
129 Plans help employees with day care and elder care expenses. Cafeteria
Plan administration includes Flexible Spending Account (FSA)
plans and Dependent Care Account (DCA) plans customized to
meet the needs and expectations of our clients. The employer
decides what limits they want to set for the FSA plans and
how they want employees to access their money. Employees
decide how much they want to elect from their paycheck during
the yearly Open Enrollment period. They cannot change
this amount once the year has begun unless they have a qualifying
event. Kipp & Company Administrators, Ltd. can assist with meetings to
help employees better understand how they may utilize the
accounts and save more money.
Kipp & Company Administrators, Ltd. has partnered with Metavante
to offer the MBI Flex Convenience Card. The MBI Flex Convenience card
is a debit card that gives employees instant access to their
FSA plans at a variety of medical, dental, vision and prescription
vendors. Employers can also offer this to their DCA participants
to use at their day care providers. The card offers immediate
reimbursement for your employees. Employees are always
free to submit manual reimbursements, should a provider not
take the card.
Section 132
Transportation plans are a fast-growing
segment of employee offered benefits. Commuter Expense
Reimbursement Accounts (CERA) take advantage of pre-tax deductions
for reimbursement of parking, van-pooling, and mass-transit
expenses. In contrast to Section 125/129 plans, transportation
plans allow employees to roll unused funds forward into future
plan years as long as they continue to use the dollars for
transportation expenses.
Cafeteria Plan Links
| www.mbicard.com |
Login
to see your balance! Employers can keep track
of plan balances as well.
|
| www.mbibenefits.com |
MBI
Corporate Site – Employers can access tools to
promote their plan.
|
| www.fsaandyou.com |
General
information about cafeteria plans including savings
calculator.
|
| www.drugstore.com/fsa |
Drugstore.com’s
FSA store - great resource for finding out what over-the-counter
items are covered under an FSA. Also links to
Drugstore.com’s vision partner, visiondirect.com. |
Accounting
- Safe and secure banking and reconciliation relationship for claims and flex payments.
- Weekly (or as client prefers) funding requests, which can be funded directly into the claims/flex bank account with a bank transfer or check.
- Secure printing and mailing of claim and flex checks and Expaination of Benefits.
- A full financial
packet, including claim reports prepared and sent monthly.
- 1099's issued yearly with a copy mailed to the provider and electronically sent to the IRS.
- 5500 information collected and compiled, then sent to the client for their CPA and/or Cousel’s review and completion.
