The Wilshire Group Launches New BENeLERT™ Process to Automate Health Insurance Policy Renewals and Ensure Clients Receive the Best Rates

Edison, NJ (November 27, 2007) – The Wilshire Group, an insurance affiliate of CheckPoint HR, LLC, today launched its new Wilshire BENeLERT™ Process that uses a 180-day proven practice to help clients identify the best rates and plans for their insurance needs. The Wilshire Group is one of the largest insurance agencies in the Northeast with nearly $250 million in premiums under management. In 2007, the company has grown its premium base by 25% based on delivering world-class customer service and innovative insurance solutions.

“Small to medium business owners are appalled and frightened by the rising costs of healthcare. To further amplify this situation, brokers have fallen into a status quo role of ‘showing up’ 60-90 days prior to the renewal to discuss plan and carrier options. Our new Wilshire BENeLERT Process drastically changes how SMBs view their second largest expense — healthcare,” said Tim Padva, president and co-founder of The Wilshire Group and CheckPoint HR. “In today’s highly competitive market, The Wilshire Group boasts a 92 percent client retention rate because we focus on proactively working with our clients to ensure their health insurance programs reflect their changing business and employee needs. By working with our clients 180 days prior to their renewal date, we are able to fully analyze data and research the most innovative benefits program tailored to fit their financial needs as well delivering a comprehensive plan for their employees. This approach allows us to achieve cost efficiencies as well as evaluate trends that could benefit our clients.”


The life cycle of the Wilshire BENeLERT Process begins with the development of long term strategic planning and monitoring related to the management of the client’s premiums. The Wilshire Group team evaluates various data points that identify performance gaps in the plan and offer solutions that address those areas. The next step includes preparation of bid specifications (census, plan details, claims history, carrier history, waiting period and contribution formula). Thirdly, the broker reviews all proposals and prepares a marketing report — this invaluable piece of intelligence includes appropriate exhibits, supporting documentation and detailed analysis of plans/product choices. Within 90 days of renewal, the carrier, contribution formula and plan is chosen. Open enrollment begins 60 days out and includes employee communications and technology uploads (including COBRA participants). At the 30 day mark, the carrier provides receipt that all information has been submitted and is being processed. Two weeks prior to renewal, all employees receive ID cards.

“Our broker at The Wilshire Group has been highly proactive in monitoring trends, reviewing rates, and offering a detailed analysis that will help us make the most informed decision for our insurance needs in 2008,” said David C. Ofshinsky, C.F.O. & V.P. of Administrative Services, Care Plus NJ, Inc. “Unlike other brokers that come calling at the last minute with a ‘take it or leave’ it attitude right before renewal time and leave no room for a plan change, The Wilshire Group’s BENeLERT Process offers constant market vigilance to ensure our organization receives the best possible plans and rates.”

According to Padva, this pro-active methodology benefits the client and allows for The Wilshire Group to deliver unparalleled service not only during the renewal process but throughout the year.

The Wilshire Group offers a broad range of group insurance solutions, including health, life, workers’ compensation, as well as 401K and pension plans. The company represents a broad range of leading carriers, including Guardian, United Healthcare, Cigna, Oxford, and Aetna.


About CheckPoint HR
Since 2001, CheckPoint HR, based in Edison, New Jersey, has helped small- to mid-size organizations automate all aspects of their human resource operations. As a leading Administrative Service Organization (ASO), CheckPoint HR’s innovative Web-based Human Resource Management System (HRMS) technology platform and http://www.checkpointhr.com/ [payroll services] offer an affordable, comprehensive solution to manage payroll and benefits administration, as well as other business-critical human resources processes. This allows small- mid-market organizations to deliver world-class services to its employees, reduce costs, and improve operational efficiencies. Clients include such names as The American Stock Exchange (AMEX), The Applied Companies, Starwood Capital, Flemington Family of Dealerships, Hamon USA, Nickelodeon Hotels, Kyowa Pharmaceutical and Quintum Technologies. Further completing its HR management solutions, CheckPoint HR boasts one of the largest insurance agencies in the Northeast through The Wilshire Group, its benefits affiliate that offers its customers benefits procurement backed by a sales team of licensed insurance brokers. For more information on CheckPoint HR, please visit www.CheckPointHR.com or call 800.385.0331.

About The Wilshire Group
The Wilshire Group, an affiliate of CheckPoint HR, is a licensed insurance agency that offers a broad range of employee benefits procurement solutions and plans for mid-sized companies. As one of the largest insurance agencies in the Northeast, The Wilshire Group’s benefits procurement offers the ideal complement to CheckPoint HR’s payroll and benefits administration. Backed by a sales team of licensed brokers, The Wilshire Group delivers custom plan design and unmatched customer service paired with competitive rates for their insurance needs. The Wilshire Group completes the CheckPoint HR offering and truly provides a single-source to manage all aspects of the human resources lifecycle. For more information please visit www.theWilshireGroup.com or call 800.385.0331.

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Industry keywords: Human Resources, HR Outsourcing, Payroll Outsourcing, Payroll Services, HRIS, HRMS, Administrative Service Organization (ASO), Benefits Administration, HR Outsourcing, Payroll Processing, Payroll Services