Omega HR Solutions can handle any level of outsourcing your company may need from a few processes to
a full outsourcing solution that exceeds what most PEO's can offer. For example, you may be a controller
for a company who also has the job of human resources and you want to streamline your payroll and benefits
billing from many reports and sources to just one. The answer is Omega HR Solutions.
To see more details about our PEO/Employee Leasing alternative, click
here.
Consulting Services
Executive Advisement In smaller companies the key executives often do not
have an effectual advisor for human resources actions. Omega HR Solutions can act as that advisor when an
executive needs to coach, counsel, hire or fire another key employee.
Governmental Compliance There are many Federal and State laws that
companies have to work with and the law can be difficult to understand. Omega HR Solutions can help you sort
through these laws and make sure you are in compliance with the laws that apply to your company. Let Omega
assist in avoiding costly oversights with your HR compliance.
Employment Management The day-to-day management of employees can be a
challenging and time-consuming task. Omega HR Solutions can help you understand the issues and challenges of
hiring and firing employees, documenting performance, rewarding employees, coaching and counseling and other
issues.
Performance Management Proper performance management can be key to the
success of a company. Unfortunately many companies do not have a good system in place to take advantage of the
many benefits of performance management. Omega HR Solutions can set up a system that will impact employee
performance, develop effective job descriptions, and provide an effective hiring tool.
Drug Testing Safe and productive workplaces require drug-free employees.
Workers' Compensation insurance savings can be gained by having a Drug-Free Workplace program in place. Omega
HR Solutions can assist you by providing fast, effecient drug testing. Ask us about our package and volume
discounts.
Behavioral Assessments Using Target Training International's behavioral
tools, such as the Managing for Success instruments, Omega HR Solutions can help you in determining the
behavioral styles of your employees and candidates. We have the tools and the expertise to provide assessments
in employee-manager situations, sales, customer service, team building, executive development, time management,
and relationship insights. Ask us about our package and volume discounts.
The DNA of Performance The most effective way to identify candidates and to
evaluate employees is to understand the behavioral competencies needed to successfully achieve in a position.
The DNA of Performance is a competency-based position analysis that identifies, prioritizes and calibrates
performance criteria.
Background Checks From the most mission critical positions to the least,
you should know the person to whom you will trust part of your company. Make sure your new hires are who they
say they are with a background check. Omega HR Solutions can help you verify past employment, education, credit
history, criminal background, driving history and more. Ask us about our package and volume discounts.
Employee Review and Development When your organization goes through an
employee review and development process, is the main topic of discussion "When will I get my pay raises and
how much will it be?" Most employees regard the review process as a time when they will find out how much
more they will be paid in the coming year. Even though they know that they may not advance unless they do their
job well, they may never really know what is expected of them. A successful employee review measures the
employee's results against a course of development within their job and the organization as a whole. Proper
communication is key to move your employees upward in their value to the organization. Without the proper
evaluation tools you cannot consistently track your employees and move them to higher levels of accomplishment
within the organization.
Employee Assessment Tools:
Have your employees on a track to higher achievement with the knowledge of what is expected of
them before the review
Blue print successful employees to provide a benchmark to developing more employees like them
and hire more with the same qualities
Open the door for effectual interpersonal communications between managers and team members
Pre-Employment Screening When you hire an employee, you are committing to a
great deal of time and resources in addition to the salary and benefits that you offer. Hiring the wrong
employee not only wastes resources, it can have a damaging result on your entire organization through lost
productivity and reduced morale. Conversely, hiring the right employee can increase efficiency and production
within the organization.
Be sure that your candidates:
Have a behavioral style that complements the job description you are filling
Can easily adapt their normal work tendencies to the required work thereby reducing stress
Are a proper fit in the organization to fill a void in production or add a profitable dimension to
your team
Special Programs for Sales People If your organization employs sales people
to bring in revenues, you can identify strengths and weak areas to increase performance. The important
questions every sales organization must ask is: Can they sell? Do they understand the sales process? Are they
treating each sales situation the way top salespeople do?
Sales Assessment Tools:
Build confidence
Simplify sales training
Assists in recognizing new sales applicant's strengths and weaknesses
Allow managing and coaching to be focused on the areas that produce results
Help to discover specific training or management needs of a salesperson or sales force
Identify the sales strategy knowledge areas that are needed to sell a specific product/service
in a given market
Special Programs for Executives and Managers Every organization will either
flourish or remain static depending on the leadership at the top. Have you ever wondered why some
organizations in your same industry are at the top and some never seem to grow? Proper evaluation of the
leadership is key to reproducing good results and breaking through barriers of mediocrity.
Executive Assessment Tools:
Identify how you approach problems and challenges
Outline personal behavioral strengths and value to the organization
Are designed specifically for the CEO, business owner, manager and decision maker
Target characteristics that can move you from a "manager" of people to a "leader" of people
Offer strategies for communicating openly, honestly and directly to get the results you and your
organization need
To see more details about our employee assessment, click
here.
Training Services
Interviewing A primary tool in effective employee selection is the
interview. The Uniform Guidelines on Selection require that interviews be both valid and reliable. Good
management requires that the interview be an useful indicator of future success. Omega HR Solutions offers
training in Behavioral Interviewing, shown to be the most valuable method of identifying successful
candidates.
Effective Hiring Effective hiring is the best method to produce long-term,
successful employees. Omega HR Solutions can conduct a training session that explains effective hiring
methods and behavioral interviewing.
Communication Do you need to improve communication in your company? Omega
HR Solutions can help prepare your organization for growth by conducting a training session that identify
behavioral work styles, provide training on how to deal with work styles different from your own, and how to
work in the team environment.
Coaching and Counseling Few managers or supervisors have been trained in
coaching and counseling their employees in order to empower them to reach their full potential within the
organization. Omega HR Solutions can conduct a training session to provide your managers and supervisors with
the tools to make them effective coaches and counselors.
Sexual Harassment Awareness Social interaction at work provides opportunities
for illegal work behaviors to occur. Sexual harassment not only causes social disruption, reduced productivity,
lost time and turnover, it can also be financially expensive if a company has to defend itself in court.
Omega HR Solutions can provide training that will raise the awareness of both your employees and supervisors
to the subject of sexual harassment.
Conducting Better Performance Reviews Understanding expectations, goal
setting, and improved communication are all reasons to have effective performance management in place. Omega
HR Solutions can conduct a training session for managers to make them more effective in conducting a
performance review. This session will cover preparation, the importance of documentation and the use of the
"critical incident" method.
Employment Law for Supervisors and Managers Most supervisors and managers
receive little training in the multitude of employment and labor laws they have to deal with on a day-to-day
basis. Unfortunately, it is these same supervisors and managers who are the company's first line of defense
against lawsuits. Omega HR Solutions can conduct a seminar that will familiarize your management team with
the laws and provide methods to deal with situations to help avoid employee lawsuits.
Insurance products and services provided through our sister company
Georgia Health Administrators, Inc. DBA Omega HR Solutions, Inc.
New Hire Pack An effective way to enroll your new employees is important to
the smooth transition from 'candidate' to 'employee'. Omega HR Solutions will produce a customized new hire
kit with required government forms, benefit summaries, enrollment forms and company specific forms to use for
new employees. In addition, we will provide them in Word or Acrobat file formats for easy access and
distribution.
Attitude Surveys The "Your Attitude is Showing" assessment tool is available
to help employees understand how their attitudes affect their work and the work of fellow employees. Let Omega
show you how employee attitudes are important to the future of your company and how to harness its power.
Employee Handbooks Many smaller companies do not have an employee handbook,
one of the most effective communications tools any company can have. Omega HR Solutions can construct an
employee handbook designed to take into account your company size and your company's personality. If you
already have an employee handbook, Omega will review and revise your handbook to make sure it is in compliance
with the current regulatory environment. Your handbooks can be printed and custom bound as well as made
available in Word or Acrobat file formats for easy access and distribution.
Benefit Communication Most employees are not aware of the value of the
benefits you have diligently put in place. With the cost of benefits being higher now than ever before, the
need to properly communicate benefits to employees is critical. Omega Insurance Solutions provides services
from counseling new employees on benefit programs available to them to helping eligible employees get properly
enrolled. As an option, Omega will produce benefit statements on an annual basis customized to each employee
detailing the total cost of their benefits along with their earnings and any tax savings. With this information
your employees will see their true total compensation and the value of all you have put into their
position.
Open Enrollment Assistance Whether you have a cafeteria plan or a group
health plan requiring an annual open enrollment period, we can assist you with the total open enrollment
process. We will help you organize employee meetings and communicate benefits so that your employees have
the best experience and you have an orderly process. We will also follow through with changes made and
confirm them with your employees. We can combine this service with our Benefit Communication program to
produce benefit statements for each employee after the open enrollment has been completed.
Job Description Development Many organizations lack one of the most
essential tools of effective HR management, job descriptions. Omega HR Solutions can help you develop job
descriptions for your organization that will help with employee communication, recruitment, and performance
appraisal.
Internal HR Forms Conversion Omega HR Solutions can provide an assortment
of useful HR forms, in either Word or Acrobat file format for easy access and distribution. We are also able
to convert your own internal HR specific forms into the most popular file formats and even make them
available on-line for you and your employees.
Performance Appraisal Systems Off-the-shelf performance appraisal forms do
not typically help promote employee performance or employee communication. Omega HR Solutions can help you
design a custom performance appraisal system that will help measure what is important for your
organization.
Policies & Procedures Development As companies grow it is often necessary
to develop policies and procedures to handle the growth and overwhelming compliance issues brought about by
legal requirements. Omega HR Solutions can help you develop the policies and procedures that will help in
legal compliance and with growth issues.
Omega HR Solutions, in partnership with CorpCare Associates, provides your company with employee
assistance programs designed to reach maximum effectiveness at affordable consortium pricing. Most companies
with fewer than 200 employees are not offered true employee assistance services. Some insurance providers may
provide an employee assistance program by phone, email & fax for an extra premium. True employee assistance
should include face-to-face meetings with professionals who can better assess situations and work to providing
better results. With consortium pricing, you can be offered a program used by large companies at a lower
employee rate only enjoyed by larger organizations.
To see more details about our employee assistance consortium, click
here.
Software Based Payroll Services
This revolutionary product allows our clients to process payroll from anywhere they have a PC and Internet
connection. This intuitive, easy to use software makes payroll a breeze. Have the in-house look and feel with
all the benefits of using a service bureau. Omega's payroll service, powered by Payroll Professionals, gives
you the flexibility and control you need to handle complex payroll tasks. Run a report anytime for any time
period you wish. Have access to all of your data to run management, historical and analysis reports. All
on-line!
To see more details about our software based payroll services, click
here.
To see more details about our 401(k) retirement plan offered at a discount
with the payroll services, click
here.
Static HRIS
Managing your workforce can be an extremely complicated endeavor. But it's also one you can't afford to
handle poorly. If you don't manage your employees effectively, they can be less motivated, less productive,
less loyal and more likely to become involved in a disagreement or lawsuit.
Omega HR Solutions recommends the Ultimate Employer by KnowledgePoint. The Ultimate Employer
streamlines all your HR-related tasks and responsibilities. It gives you the solid advice you need to be
knowledgeable and confident when handling all types of employee-related situations. It helps you comply with
the many employment laws that could potentially put your business at risk. And it's highly flexible to meet
your company's specific needs.
Created by top HR experts and reviewed by Jackson Lewis Schnitzler and Krupman, one of the nation's
largest employment law firms, Ultimate Employer is a "must have" for every business. From managing crucial
employee-related tasks and publishing an employee policy manual to writing effective job descriptions and
maximizing the employee performance review process, Ultimate Employer does it all-quickly and easily.
To see more details about our Static HRIS, click
here.
Internet Based Employee Self Service
Omega Employee Express is a quick and easy way for your employees to get the human resource information
you would like for them to have access to using the Internet. Omega Employee Express is a self service tool
to help reduce call volume to the HR department by providing answers to redundant questions, information about
employee benefits, important announcements, forms and more. The more locations your company has the more time
and money you can save by providing information that is easy to get to without human intervention. Omega
Employee Express is a way to bring everyone together and yet make information specific to each of your
locations.
To see more details about Omega Employee Express, click
here.
Internet Based HRMS
Harness the power of the Internet to streamline all of your HR processes. Omega HR Solutions is a value
added reseller of the Employease Human Resource Management System (HRMS). We bring value to this award
winning system by providing full implementation and tying in our other HR services with the worlds most
powerful human resource tool to make for a organized approach to human resource management that brings
Fortune 500 administration tools to the smaller employer. Let us show you how you can save time and money
by:
Diminishing call volume to the HR department online via employee self service
Reducing redundant processes with one platform that communicates to outside service providers such as
payroll and benefit companies
Assuring uniform compliance throughout the organization with a logical and easy to use interface via
your web browser
Providing new and terminated employee processing that updates all systems with a single entry
Improving employee communication and retention
Automatic reconciliation of benefit provider invoices and automated internal billing system
Supplying an annual benefits open enrollment tool that guides employees through choices and customizes
information that is specific to each employee
Decreasing time and money spent on reproducing and distributing necessary forms between employees,
management & HR
Saving employee, manager and HR time invested in non-strategic issues
To see more details about our Internet Based HRMS, click
here.
Benefit Administration Services
Insurance products and services provided through our sister company
Georgia Health Administrators, Inc. DBA Omega HR Solutions, Inc.
Cafeteria Plans Cafeteria plans are an "approach" to benefit planning that
includes flexible spending accounts (FSA) that add an additional dimension of employer funding. For example,
an employer could create "benefit bucks" for the employee to spend. In this scenario employees can buy or sell
vacation days. Full-flex cafeteria plans are a complex benefit to administer, particularly during plan design
and installation. However, the actual administration of a full-flex cafeteria plan is not significantly
different than that required to administer FSA and Premium Only Plans (POP). The employer may base the credits
on employee's family status such as married, single, single with one dependent, etc. Omega also offers
traditional cafeteria plans custom designed to fit your needs using combinations of Premium Only Plans,
Parking Reimbursement Plans, Medical Reimbursement Plans and Dependent Care Reimbursement Plans.
Here are some of the benefits of having a Cafeteria Plan:
Employers can:
Control benefit costs by implementing a cafeteria plan
Increase employee moral and retention
Enhance status as an employer
Gain flexibility in benefit planning
Employees can:
Budget for out-of-pocket and daycare costs
Save tax dollars
Control where they spend their benefit dollars
As an option, your employees can use the flex card system for medical and dependent care direct
reimbursement using a Master Card debit card. With this option, participants have the elected reimbursement
amount on a debit card for maximum convenience and ease of use. Monthly statements are provided to the
employee and employer to streamline accounting. Internet access is also available for the employer and
employee for up to the minute account status and records maintenance.
Insurance products and services provided through our sister company
Georgia Health Administrators, Inc. DBA Omega HR Solutions, Inc.
Fully Insured Group Medical Plans Omega Insurance Solutions offers
traditional health insurance options for employers of all sizes. We do the shopping for you among the
nations leading insurance carriers. We bring the options to you to help make decisions easy and affordable.
Omega stands behind the carriers selected to assist your employees with claims issues and questions. We are
your advocates in the world of health insurance to make sure you get value for every dollar spent.
Partial Self-Insured Group Medical Plans There are some large firms that
pay all of the employee health-care claims out of pocket, but most self-insurers estimate costs based on past
claims and buy indemnity insurance to limit their exposure above that amount. These indemnity policies,
called "stop-loss" or "reinsurance", protect against higher-than-predicted individual claims and catastrophic
group expenses. For the employer, the lower the stop-loss threshold insured, the higher the premium will be
for the coverage. Smaller employers should generally have a relatively low stop-loss threshold.
Employees do not experience any difference in a self-funded plan as compared to traditional health
insurance, but the company has more control over the spending of its health-insurance money. Employers do not
retain the entire difference between the traditional health-insurance premiums and the benefits actually used,
because they incur expenses for consulting, third-party administration and stop-loss coverage. Nevertheless,
when the plan's bottom line produces savings, it goes back to employers – not to the insurance company.
Omega Insurance Solutions offers a variety of partially self-insured group medical plans administered by
our third party administrator company or directly administered by some of the nations largest insurance
companies. We will evaluate your company's needs and show you a variety of options that will work to achieve
the goals you desire.
Group Term Life, Dependent Life and Accidental Death & Dismemberment (AD&D)
Coverage Omega Insurance Solutions offers a wide-range of choices that are sure to please even the
most particular employer. These choices meet the employer's need for cost management and, at the same time,
serve to help valued employees responsibly secure their financial resources.
Life and AD&D Highlights:
Flexible plan designs and liberal guarantee issue amounts available
Competitive rates available for most occupations
Multi-year rate guarantees available
Employee and dependent term life coverage available
Accidental Death & Dismemberment (AD&D) coverage available to insured employees
Optional Living Benefit (Accelerated Death Benefit) available to terminally-ill insured employees
(with select insurance carriers)
Waiver of Premium available in the event an insured employee or dependent becomes permanently
disabled
Life conversion privilege available to insured employees and dependents
Group Dental Plans In today's highly competitive employment market, it's
becoming essential for companies of all sizes to offer a full complement of employee benefit incentives in
order to attract and retain the best and brightest workers. One incentive that is no longer viewed as a
luxury, but as a necessity, is group dental insurance.
Omega Insurance Solutions offers employers a variety of dental plans with:
Flexible Plan Designs – We offer many plan design choices with a range of maximum benefit amounts
and deductibles
Variety of Plan Options – We offer fully insured indemnity plans and Administrative Services Only
(ASO) options for self-insured companies. Preferred Provider Organizations (PPO) are available in certain
areas.
Freestanding Dental Insurance Plans – An employer is not required to purchase any other insurance
coverage with it
Dependent Coverage – Coverage for dependents is optional on all plans
Orthodontia Coverage – Orthodontia coverage is optional on all plans
Group Long Term Disability Plans Many people do not think about the
possibility of a disability. The fact is, every two seconds someone experiences a disabling injury and one
in three workers will lose their ability to work due to a disability lasting 90 days or longer some time
before age 65.
Ability to earn income is an employee's most valuable asset. Long Term Disability (LTD) Insurance is
designed to provide insured employees with a source of income in the event they become disabled and are
unable to work for an extended period of time. Omega Insurance Solutions offers employee and/or employer
paid LTD for employers who want to provide employees this valuable benefit. Group LTD Insurance provides
the versatility employers need to customize their benefits package.
Here are a few highlights of our Long Term Disability Insurance:
Flexible benefit percentages
Choice of benefit waiting periods: 30, 60, 90, or 180 days, one or two years
Own occupation and any occupation definitions of disability, which include coverage for partial
disabilities, zero-day residual
Progressive return-to-work provisions that encourage disabled employees to return to work
Group Short Term Disability Plans Short Term Disability (STD) Insurance
is an important foundation for employers who wish to maintain a strong and effective workforce. Omega Insurance
Solutions offers STD plans that can be designed to stand alone or as a complement to an employer's sick leave
program. Omega also offers options for self-funded STD plans and STD advice to pay plans. STD insurance provides
the flexibility that employers need to customize their disability benefits package.
Here are a few additional highlights of our Short Term Disability insurance:
First day coverage for accidents available
Flexible benefit percentages
Choice of maximum benefit periods: between 3 and 52 weeks
Choice of occupational, non-occupational, or 24-hour coverage
Insurance products and services provided through our sister company
Georgia Health Administrators, Inc. DBA Omega HR Solutions, Inc.
Enrollment Processing Services Omega will help you keep track of the
employees who should be added to the various insurance programs during the year. This valuable service will
help avoid possible legal difficulties that can be caused by employees who should be on the plan and are
incurring expenses only to find they are not covered. We also make sure employees are terminated properly so
you do not waste valuable premium dollars. Our enrollment processing services include:
Enrollment form review for accuracy and missing information is collected to complete forms before
submission
Enrollment tracking to make sure that coverage begins on time, ID cards & materials are received and
the employee is properly added to the billing
Employee termination reporting to begin the coverage continuation process and to adjust billing
We will customize our services to meet your needs. We can receive forms for new hires as they complete
their waiting period, provide monthly onsite employee meetings for all newly hired employees, or customize a
method that best fits the requirements of your corporate culture. If you are also an Omega Payroll customer,
we can track your benefits eligibility process by auditing the enrollment forms against your new hires that
should be eligible for employees automatically at no extra charge. Either way, your work is reduced to
receiving a monthly report reflecting the status of all enrollment activities for the period allowing you to
focus on the more strategic issues with your employees.
Invoice Reconciliation Services Studies show that the average employer
spends over 45 minutes a month on each insurance invoice to reconcile it for payment. This valuable service
works well with our Enrollment Processing Service for a total seamless integration. You gain peace of mind
and the financial savings of paying for only those employees who should be on the coverage. Omega's invoice
reconciliation services works like this:
Benefit invoices are sent to Omega and reconciled with monthly employee enrollment and any employee
terminations
Corrections are reported to the benefit providers to avoid costly overpayments
Reports are sent back to you reflecting the amount that should be paid to each benefit provider
All you have to do each month is simply pay what is reported. No longer will you have to pay for employees
shown on the bill who should have been terminated or spend your valuable time haggling with insurance companies
to get your bill right.
COBRA Continuation COBRA is a law that requires organizations with 20 or
more employees to offer the continuation of group health benefits (Medical, Dental, Vision and Medical
Reimbursement Account) to employees (and covered dependents) upon experiencing a "qualifying event." Employers
are required to provide initial COBRA notification to covered employees and dependents, a letter detailing an
individual's rights upon experiencing a "qualifying event," and an explanation of the conversion
privilege.
Omega provides you with the following services:
Initial general notice is sent out to new employees
First notice and HIPAA letters are sent out to terminated employees within the specified time required
by law
Monthly premiums are collected and remitted to the proper insurance carrier
Continuation end notification is tracked and reported
Customer service is provided for you and terminated employees
Data Import Interface can be provided to popular payroll and HR systems
Our COBRA administration procedures and practices allow fair and equal treatment for all COBRA Qualified
Beneficiaries and continuants. We assist in providing a buffer between the former employee and the employer for
difficult COBRA determinations.
Insurance products and services provided through our sister company
Georgia Health Administrators, Inc. DBA Omega HR Solutions, Inc.
Omega Insurance Solutions offers supplemental insurance plans to make benefits available to
employees on a voluntary basis. This allows employers to round out their benefits portfolio without adding to
their cost. All coverage is portable allowing employees the ability to keep valued coverage in place even if
health conditions arise making it impossible to replace. Your employees can select from the following
plans:
Vision Plan Eye care is important to those who need it for corrective
lenses and other associated out-of-pocket expenses that can add up for individuals and families.
Long Term Care About 11.5 million Americans require long-term care
services with more than one-third of all costs coming out of the families' pockets. Here are some other
eye-opening statistics:
The average daily rate for nursing home care is more than $125. The average nursing home cost is
approximately $50,000 per year1
The average daily charge of assisted living is about $60 (or $22,000 per year), and home care costs
for the chronically disabled are about $15,000 per year
Over 48% of Americans age 65 and older will enter a nursing home at some time during their
lives2
Doctors and hospitals are under tremendous pressure to get patients out as quickly as possible.
Patients often go to a nursing home to continue the recovery period3
1 October 2000 HIAA: Who Buys Long-Term Care Insurance in
2000?
2 HIAA: Long-Term Care: Knowing the Risk, Paying the Price,
1999
Insurance products and services provided through our sister company
Georgia Health Administrators, Inc. DBA Omega HR Solutions, Inc.
Employee Integrated Disability Benefits Most employers are not aware that
unless a formal sick pay plan is established according to IRS Sec. 105(d), any payments made by the business
to an employee may not be tax deductible as a normal business expense. The IRS considers these payments to be
treated the same as a dividend distribution. Our company specializes in design and installation of employee
sick pay plans. Omega Insurance Solutions can streamline all of your company policies and coverage so that
employee's get the level of protection they need and employers can make these expenses tax deductible.
Value to the employee:
Provides coverage for income exposed due to taxability of existing benefits
Provides rehabilitation assistance to help the employee return to work faster
Provides coverage for income exposed due to uncovered incentive compensation
Provides non-taxable income to continue contributions to retirement plans while disabled
Provides greater benefits for employees, especially high income earners, above regular benefit
maximums
Value to the employer:
No premiums necessary for employer
Reduces group cost with integration of benefits
Meets employee need to cover after tax income needs
Offers a unique and valued benefit solution as cost effectively as possible
Integrates premiums and risk between group & individual product platforms
Enhances communication and education of existing group long term disability program
Let Omega analyze your disability and sick pay programs to make sure you have them set up properly for
maximum tax benefits and to be sure you are getting the most value.
Business Continuation Insurance Does your business have a buy/sell
agreement? Have you funded the buy/sell agreement you have? When was the last time you reviewed your agreement
and funding? If these are disturbing questions for you to answer, Omega has the solution. Our professionals
have over 20 years of experience in helping businesses establish and fund their plans for the future. Don't let
death, disability or retirement take away the years of hard work it has taken to build your business. Let
Omega Insurance Solutions find a way to help you set up a program that protects your most valuable asset.
Medical Reimbursement Plans Are you in need of a way to reduce your health
plan costs? Consider increasing your deductible; co-pay and co-insurance to lower your premiums and installing
a medical reimbursement plan under IRS Section 105 to reimburse employees for the out-of-pocket expenses to
the levels you desired. If you have been experiencing superior claims utilization, this can provide you with
a way to receive the credit you deserve. Omega can help you set your reimbursement levels so that the employees
have the lower out-of-pocket costs they need while limiting the company's overall liability.
Absence Management Programs We design customized solutions to increase
productivity and reduce costs due to employee absences. On average, we are able to reduce disability cost by
30%. We gain these efficiencies not by denying claims, but by managing the duration of payments.
Here are some facts to consider:
Family issues and personal needs account for 41% of unscheduled absences1
Absenteeism caused by worker stress has tripled since 19951 and 40% of
turnover is due to stress2
Average cost of unscheduled absence was $468 per employee in 19991
78% of workers consider their effort to balance work and personal life as their #1 priority
3
1 1999 CCH Unscheduled Absence Survey
2 The American Stress Institute
3 Ceridian Partners, 1997 Study of the Changing
Workforce
Let Omega show you how to keep these hidden costs under control and make your company more productive
with less down time.
Pay As You Go Workers Compensation Omega can lower your workers compensation
costs if you currently have over a 1.0 modification factor and have circumstances that prove you are a good
risk but have recently had a less than perfect claims experience. Or, if you're current modification factor is
at 1.0 or less we may still be able to provide a savings by allowing us to shop from among the nations top
carriers to provide you with the lowest premium. So, if you are tired of the usual workers compensation
payment arrangement and feel you may be paying too much. Let Omega work out a program that is convenient and
cost effective today with the care and guidance needed to keep it that way. Why pay an up front premium with
more quarterly payments only to get a whopping bill at the end of the year after the plan is audited? If you
are using Omega Payroll Solutions or other popular payroll services, Omega has a solution that allows you to
pay your workers compensation premium each payroll period. No upfront payments and no rear-end audits. Let
Omega arrange a process and a payment option that's easy on your cash flow.
To see more details about our Workers Compensation Program, click
here.
Key Person Insurance What is your most valuable business asset? You insure
the business against the loss of buildings, equipment and inventory but what would be the financial impact of
losing a top executive or salesperson? Don't let this be an oversight that can potentially ruin the best-made
plans. For a few cents on the dollar you can be sure that the business can continue it's viability. Omega
Insurance Solutions shops among the nations leading insurers for the best rates and program to fit your company's
needs.
Retirement Plans One of the most valuable benefits you can provide your
employees is a retirement plan. With complex laws and ever changing legislation, you need proper guidance
before and after your plan is established. Omega Insurance Solutions has the experience you are looking for to
start up a new plan or to take over an existing plan. In today's world you need a plan with great investment
choices to satisfy a wide variety of investors and with Internet access to make needed changes and up-to-date
information giving employees the control they are looking for.
Omega can assist you with the following types of retirement plans:
401(k) Plans – Allows employees to save for retirement on a tax favored basis while also providing
for employer funding
Profit Sharing Plans – Provides the greatest amount of flexibility in funding
Money Purchase Plans – The highest level of employer contribution and still retaining simplicity in
plan operation
Defined Benefit Plans – Provides employees with the strongest guarantee of retirement benefits
Our retirement plan services are provided through White Horse
Advisors serving over 200 companies in a broad range of industries. White Horse Advisors is a comprehensive
financial consulting and planning firm dedicated to providing clients with quality advice, effective implementation
of that advice and superior service. We provide vendor search & selection, plan resource allocation, fiduciary
review, investment policy management and financial education for plan participants. Let Omega lower your plan
costs while improving the bottom line to you and your employees.