We Help Our Partners Better Compete
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Our partners can diversify the suite of products and services they offer to their clients, without the need to hire an internal specialist. The ideal employee benefit consultant partner focuses primarily on mainstream benefits such as medical insurance, struggles with shelf space due to the time constraints created by a medical insurance focus, and lacks internal expertise or resources in the specialty benefit lines.
Navis Benefits Group, LLC partners with Employee Benefit Firms that focus on and specialize in health insurance, as their independent outsourced specialty benefits focused firm. We help our partners better compete against the larger consulting firms that have internal specialty benefit practices, including Executive Benefits and Voluntary Worksite practices.
As a specialty benefit focused firm, Navis has the time and expertise to focus on identifying gaps in coverage, benchmark plan designs, facilitate the RFP process and plan designing, present solutions to the client, install, and administer these specialty benefits. We help our partners provide better solutions, while creating additional revenue opportunities.
Why Partner With Navis?
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Experience
For the past 25 years, we’ve been a leader in the Executive Disability Insurance, Group LTC, and Voluntary Worksite business. We’ve worked with Employers of all sizes and industries, partnered with hundreds of Employee Benefit Consultants, and have helped solve some of the most complex problems.
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Collaboration
As your specialty benefits partner, Navis is an extension of your business. We help mitigate the risks associated with designing, installing, and servicing Executive IDI, Supplemental IDI, and Group LTC plans. As your trusted partner, we design and deliver cutting edge specialty benefit plans to employers and employees, so you can focus on what you do best.
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Focus
Navis by design and intent, does not work on medical insurance. We recognize that your skillset is aligned with medical insurance, and for many reasons this is what you need to focus on. With over 25 years focusing on Executive IDI, Supplemental IDI, Group LTC and Voluntary Worksite Benefits, we are passionate and dedicated exclusively to these specialty products. This allow us to be the best partner possible to Employee Benefit Firms and Employers, and to deliver the highest caliber results possible. Let our focus complement your focus.
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Better Benefits
We all know that in today’s world, top Executive and Employee talent is hard to find, and in high demand. Unique and comprehensive benefits beyond the basics of medical insurance, dental and life insurance is a must to compete for this top talent. Navis is well positioned to help you deliver better benefit solutions, so your Employer clients can successfully compete for top talent with better benefits.
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Investment
Building an internal Specialty Benefits Practice, be it an Executive Benefit Practice or Voluntary Benefit Practice, is an expensive proposition for Employee Benefit Firms. The infrastructure required, staffing, salaries, and benefits is a huge financial commitment, and an enormous risk if the practice isn’t successful. Specialty benefit products require a unique focus, experience, and knowledge to be successful and to deliver the solutions your clients deserve. Navis will help you compete with the largest firms that have built specialty practices, without your firm having to make the financial investment.
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Revenue Diversification
Medical insurance is one, if not the largest revenue generator for Employee Benefit Firms. But, for an Employee Benefit Firm to be financially successful and grow, finding new and diversified revenue sources is a necessity. Navis will help you grown and diversify your revenue base with specialty benefit solutions, as your outsourced Specialty Benefits Practice.
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Customizable Solutions
Navis understands that every Employer has unique needs and challenges. That’s why we thoughtfully and strategically design benefit and enrollment solutions that are customized. We are devoted and dedicated to the details, to build a plan that works best for our customers’ unique needs.
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Administrative Support
Taking on the RFP process, marketing, designing, implementation, service, and account management of specialty products can be a time consuming, complex, and risky proposition if your firm is not well equipped or does not have a high level of expertise with the specialty benefits programs. We at Navis have you covered. We take the risk out of specialty benefits administration, and pride ourselves in delivering the highest white glove service possible. We will manage the process beginning with a strategic block review, followed by tactical customer planning, needs analysis, RFP process, marketing, design, enrollment, and we will be the ongoing account management resource. Let Navis be your outsourced administrative partner.
Connect with Navis today
Specialty Benefit Products
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Navis will help identify any gaps in Group LTD coverage including uncovered compensation and taxation; design an Executive Disability Insurance program to addresses the gaps; and the meet the requirements as outlined in executive employment or partnership agreements. We understand Executive Disability Insurance, and will partner with the leading disability insurance and excess risk providers, to provide the most competitive solutions for your clients.
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Supplemental DI Programs can be offered on an employer-paid or employee-paid basis, as a key component of the employer’s financial wellness and absence management strategy. Navis will provide an income replacement gap analysis to illustrate shortfalls in the existing Group LTD program, benchmark the current disability program, present solutions to address shortfalls in income protection, market the proposed program to insurance carriers, design the implementation timeline, educate employees, enroll, and service the program.
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GLTC can help provide the funds needed to receive quality care at one’s home or in a facility, in the event of a long-term care qualifying event. This coverage gives the insured dignity, independence, and control over who and where care is provided; and is an important asset preservation benefit. Most states regulate LTC specific licensing and LTC educational requirements a broker/consultant must maintain, in order to ethically sell or service GLTC. Navis is positioned to help brokers with employer clients who currently offer GLTC, to better administer the existing GLTC program, improve employee enrollment results, increase employee appreciation, and utilization of this unique benefit at time of claim.
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Voluntary Worksite Benefits are employee paid, payroll deducted benefits such as Accident, Critical Illness, Life, Legal, Pet, Dental and Disability Insurance. These products are often installed in conjunction with a thoughtful Enrollment and Benefit Communication process, employing face to face meetings or with a self-service technology platform. The world of voluntary benefits can be challenging to navigate, and more so, to marry the insurance carrier’s technology platform with the Employer’s Benefit Administration or HCM system. We are experienced in navigating this business, we simplify the process, and we deliver superior outcomes.
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Looking to upgrade the way your Employer clients communicate, educate, enroll, and administer their benefits program? We will recommend options to improve employee understanding of the benefits offered; increase employee engagement and retention; and suggest technology based solutions, so Human Resource Professionals can more easily and effectively administer their employee benefit and absence management programs.