The Preferred Group can assist your employee association, union trust fund, and employer
group with the establishment and ongoing maintenance of a Heath and Welfare Fund Benefit Plan. We will consult with your organization to help determine the best benefits for the available funds. Self funded benefit plans offer significant advantages over insured plans in both flexibility and cost containment for such employee benefits as dental, vision, prescription drug, flexible supplemental health, legal and other insured or self-insured benefits the trustees or employer may wish to offer.
Why Use a Fund Administrator?
Fund administrators have significant degree of specialized expertise, technical and professional staff and computer capability required to administer a wide array of benefits. The Preferred Group will aid the Trust in plan design and implementation of the plan, as well as the incorporation of revisions as requested or required. By using the Preferred Group as your professional fund administrator you will lessen the liability to the trust.
Unlike other TPA’s The Preferred Group provides all of the administration services.
- Design of benefit plan
- Adjudication of claims
- Maintain eligibility
- Process collections from employers
- Prepare reports to trustees
- Consult with trustees
- Maintain fund database
- Retain actuaries, accountants and attorneys as required
- Other specialized services upon request