Employee Benefits, Administrative Services, & Compliance Services EMPLOYEE BENEFITSMedical BenefitsThe cost of providing medical insurance has become a primary concern for companies, and the issue of managing costs is now at the forefront of annual budgets. IBA offers innovative solutions to develop strategic, customized, and comprehensive medical benefits programs for all financial requirements.These include:Traditional HMOs and PPOsHigh-deductible plans with a Flex Spending Account (FSA), Healthcare Savings Account (HSA), and/or Healthcare Reimbursement Arrangement (HRA)Section 125 and Premium Conversion PlansSelf-funded & partially self-funded plansAs IBA has top tier medical insurers as strategic partners, our clients can benefit from competitive premiums and a broad spectrum of policy options.Ancillary & Voluntary BenefitsIn today's workforce, success in the competition for qualified employees can hinge upon any number of minute factors. To provide your company with that advantage which makes it unique, IBA is proud to have top tier strategic partners who offer these ancillary benefits: DentalVisionLifeShort term disabilityLong term disabilityAccident, critical illness, & cancer cost mitigationComprehensive identity theft protectionOur strategic partnerships afford companies competitive premium options and plan design alternatives. Companies can select options that meet their employees needs and improve the value of the benefits programs. ADMINISTRATIVE SERVICESIBA offers administrative services for our HR / Group Benefits / Financial Services clients directly from its headquarters in Danvers, Massachusetts. We also offer a full complement of HIPAA-ERISA-COBRA-FMLA-FSA-HSA-HRA administration though our top tier strategic partner.COMPLIANCE SERVICESCompliance services determine whether an administration process has, or has not, followed applicable regulations. Utilizing proprietary and unique processes, IBA will review the following areas:The Affordable Care Act (ACA)The Health Insurance Portability and Accountability Act (HIPAA)U.S. Dept. of Labor: Employee Retirement Income Security Act (ERISA)U.S. Dept. of Labor/Internal Revenue ServiceConsolidated Omnibus Budget Reconciliation Act (COBRA)Wrap documents, Section 125, Section 129, Section 132 PlansMental Health Parity ActMichelle's LawCHIP Reauthorization ActGINALocal state required regulationsHuman Resources regulationsIBA provides our clients ongoing monitoring of legislation, both federal and from the Commonwealth, which allows us to advise our clients of methods ensuring compliance. Retaining IBA, a privately owned financial services, human resources, and group benefits firm, is a decision that can provide positive results for years to come. We invite you to discover the difference personal attention can make.