Our goal in managing your benefits plan is to ensure that you
receive fair and competitive pricing for your benefits, within the
appropriate financial arrangement for your company’s size and
Our extensive knowledge of group insurance pricing (the method
employed by insurers to establish rates) allows us to develop
objective and independent analysis tools. This software is used to
evaluate the reasonableness of both experience rated and pooled
benefits rates to determine if it is necessary to send your
confidential salary information to market.
These tools, along with our established reputation with insurers
and expertise in reviewing claims and demographic information,
allow us to negotiate from a position of strength on your
All effective benefits plan require appropriate financial
arrangements to support them. Today’s financial arrangement
opportunities are changing. Some include opportunities to access
significant amounts of money, yet require the policyholder to bear
certain risks. OMG Benefits Consulting has extensive understanding
of these arrangements. Our unique research and financial models
help determine which arrangements can provide the best fit for your
The best benefit plan design for your company is one that matches
your organizational goals and objectives.
At OMG Benefits Consulting, we draw on experience with our vast
clientele (500+ clients) across a wide range of industries and size
of companies to provide you with the best advice for your unique
Whether you are dealing with executive benefits, tax considerations
and compliance, cost sharing, claims management or the impact of
the demographic make-up of your group, we can help you build a
program that will be of value to your company and employees.
From time to time it is appropriate to survey the market of
insurers and other service providers for quotations.
OMG Benefits Consulting offers a comprehensive, independent and
objective process to request and analyze proposals. We believe in
fully disclosing all relevant information to ensure the results of
the survey are credible. A jointly established selection criteria
measured against potential providers, ensures a consistent and
complete review of each proposal. Rates are back-tested to
demonstrate the projected sustainability to the client and ensure
complete knowledge prior to making a decision. A report is then
produced to ensure contractual comparability, and rate guarantees
are negotiated where possible.
We view technology as an integral component in the benefits plan
One of the ways we add value through technology is the development
of proprietary programs that allow us to manage client information,
analyze data and model outcomes, and help clients administer and
communicate their benefits plan.
Our Benefits ManagerTM
allows us to centrally manage client information (claims, plan
design, employee data) for our 500+ benefits clients. It
accommodates statistical analysis for comparative purposes while
complying with privacy legislation.
Our Benefits ReporterTM
secure online program that assists in the administration and
communication of benefit plans. It allows you to produce payroll
deduction reports, customized benefit summaries for employees,
taxable benefit reports, as well as a total compensation report
detailing the value of an employee’s remuneration package
(inclusive of employee contributions to government benefits and
other company paid items).
We also have a variety of software programs that perform analysis
and modelling to help us manage your plan, provide data for
decision-making and negotiate with service providers.
OMG Benefits Consulting is committed to providing all the
information necessary to help you effectively manage your benefits
Our quarterly claims experience reports provide a financial update
on your plan throughout the year. It can also be used to forecast
renewal pricing months ahead of when the insurer provides these
Employee meetings can be arranged at your discretion to
re-communicate benefits, implement plan or pricing changes, or to
introduce a new service provider.
As many service providers offer a variety of convenient mediums
(1-800, online) to provide you and your employees with information,
we strive to ensure you, the plan sponsor, are aware of these
venues and how to access them.
Our proprietary Benefits ReporterTM
technology also provides you with an effective
communication tool. Independent of any service provider, it
produces customized benefits statements as well as total
One of our core services is to help you make informed decisions
about your benefits plan.
In line with this objective, we have developed an archive of
research material on benefits related issues, such as:
- Private health services plans (Cost Plus)
- Optimizing disability coverage
- Government benefits
- Labour standards
- Human rights legislation
- Benefits policy development
Our research allows you to make informed decisions in a fraction of
the time required without access to such materials.
Through strategic partnerships with both the United States and
international benefits consultants, we can facilitate the
provision, communication and administration of benefits for
OMG Benefits Consulting Inc. has been a recognized broker for the
Benefits 360 program offered to CADA members since the introduction
of independent benefits consultants to this plan.