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third party administration

Post Employment Coverage & Retirement Services

At SHN, we have the formula for lowering your retiree healthcare costs:
The number of retirees is expected to double or even triple by 2020. Companies that offer retiree healthcare benefits are looking for ways to reduce their costs while maintaining their commitment to their retirees.

The influx of retirees and the rising cost of healthcare can be challenging. SHN offers a retiree benefits administration service designed to complement your overall healthcare benefits strategy. We ensure accuracy and timeliness and lowers costs by handling enrollment and eligibility of retirees. Our service bills the retirees for their medical, prescription drug plans, Medicare supplement, life, dental, and/or vision premiums and pays the premium to the respective carrier, effectively reducing demands on your Human Resources staff and improving your bottom line.

Post Employment Prescription Drug coverage:
If your company offers retirees prescription drug coverage, we can help. SHN manages your prescription drug program from start to finish, including, but not limited to negotiating plans, obtaining a government subsidy to assist your organization in paying for the costs, as well as offering top notch customer service professionals who have extensive experience dealing with retirees. SHN can assist your organization in obtaining up to 28% of your retiree drug costs in a government subsidy. We prepare all the paperwork and keep your organization compliant.

SHN offers these valuable services for Employers and Labor Organizations alike:

  • Enrollment assistance and materials
  • Open enrollment services
  • Management of the Retiree Drug Subsidy from start to finish
  • Complete record keeping
  • On-line activity reporting available 24/7
  • Retiree assistance—reducing the need for retirees to contact the Plan Sponsor
  • Access to experienced employee benefits professionals
  • Toll-free support and guidance
  • Complete review of company retiree policies
  • Complete management of Plan eligibility, including enrollment, termination, and status changes
  • Multiple methods available for collecting premiums from the retiree.
  • Seamless coordination with insurance carriers, to include eligibility, premium collection, and premium payment
  • Guaranteed privacy of personal health information
  • All inclusive fees: no additional charges or hidden fees
  • Billing, collection, and remittance of premiums to you or the carrier depending on Plan design
  • SHN is SSAE16 Compliant.