Daniel, Russell & Charles Co. - Business Planning & Services

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Employee Benefits Channels

Employee Benefits

Daniel, Russell & Charles Company (DRC) was established to provide an array of quality consulting and business brokerage services to private and public companies, as well as government agencies that have a need for comprehensive and economical services. These services are carried out by experienced members of DRC and its associates in collaboration with members of the insurance and investment communities who work closely with the company across the nation.

As mentioned on the Home page, Daniel, Russell & Charles Company has been an avid observer of the healthcare industry in the State of California, and during that time it has witnessed a substantial rise in the cost of healthcare, which is largely due to the increasing cost of prescription drugs, the extensive use of prescription drugs by patients, and to a significant increase in physician's compensation.

It is DRC's primary focus and responsibility to offer and to provide services that are tailored to meet the growing demands of Employee Benefits, Estate Planning, Retirement Planning, and Finance programs of its clients. For example, study after study continue to demonstrate that perspective employees weigh in on the benefits that an employer might otherwise offer when making its decision to structure its benefits. Employees believe that an employer's benefits package is important to their overall compensation. Moreover, it is often perceived that benefit packages are a direct reflection of its level of commitment to them as valued employees.

The objective of DRC as consultants and brokers is to provide representation to various insurance carriers on behalf of the employees, benefits administrations, and the union of different companies or organizations. In these types of situations, DRC will perform the following services:

Participate in benefit planning meeting with management.
Represent the company or organization to various insurance carriers and to provide recommendations that are expected to achieve a specific business or organization's objective.
Provide various cost-effective and cost-efficient benefit plans, such as Life, Medical, HMO's (POS and Indemnity), Dental (Comprehensive and DMO) and Vision.
Monitor Loss Ratio Reports of all benefit plans, and make recommendations that are conducive to the company or organization's objective.
Provide assistance to a benefit administrator and employees for benefit questions, claims disputes, and administrative issues with the various insurance carriers.
Cooperate and participate in annual open enrollment meetings:
- Provide annual report, which summarizes the cost effectiveness of each plan.
- Provide annual 5500 Report from various carriers.
Provide technical and analysis support Cafeteria Plans 125.

Specific service products may include any one or a combination of the following, but may not be limited to one of the following:

Term Insurance
Sensitive Whole Life
Single Premium Life
Annuities, Immediate, Fixed, Deferred and Index Funds
Structured Settlements
Guaranteed Contracts (GIC's)
Direct Recognition Life
Group Life
Special Risk Underwriting
Retirement Minimum/Maximum Distribution Annuities

Group/Individual Insurance

Comprehensive Major Medical
Self Insured Administration Plans
Dental, Vision and Rx Card
Supplemental Accident
Medicare Supplements
Long Term Care
Special Risk Underwriting
HMO's/PPO's/POS/EOP

Disability Insurance

Individual Disability
Group Short Term/Long Term
Business Overhead Expense Reimbursement
Excess Limits
Special Risk Underwriting
Disability But Out