{"id":11700,"date":"2019-10-25T21:17:48","date_gmt":"2019-10-25T21:17:48","guid":{"rendered":"http:\/\/newworldassociates.0442522.netsolhost.com\/?page_id=11700"},"modified":"2025-01-11T22:04:55","modified_gmt":"2025-01-11T22:04:55","slug":"what-we-do","status":"publish","type":"page","link":"https:\/\/www.newworldassociates.net\/?page_id=11700","title":{"rendered":"What We Do"},"content":{"rendered":"\n\n\t<h3>DAY TO DAY SERVICE<\/h3>\n\t<h3><strong>Services offered include:<\/strong><\/h3>\n<ul>\n<li>Respond to daily questions in real time<\/li>\n<li>Assist on claim problems, billing questions, policy interpretation and other vendor\/carrier concerns<\/li>\n<li>Monitor overall vendor\/carrier performance in adherence with Client service guarantees, schedule meetings as needed<\/li>\n<li>Update of carrier\/vendor developments, such as network, administrative processes, etc.<\/li>\n<li>Coordination of periodic meetings with Client HR and Benefits personnel<\/li>\n<li>Review of contracts, SPDs, plan amendments, etc.<\/li>\n<\/ul>\n\t\t\t\t<img decoding=\"async\" src=\"http:\/\/www.newworldassociates.net\/wp-content\/uploads\/2019\/10\/day_to_day.jpg\" alt=\"day_to_day\" itemprop=\"image\" title=\"day_to_day\" onerror=\"this.style.display='none'\"  \/>\n\t<h3>CARRIER MARKETING<\/h3>\n\t<h3><strong>Services offered include:<\/strong><\/h3>\n<ul>\n<li>Develop and confirm marketing objectives and evaluation criteria in partnership with Client<\/li>\n<li>Prepare specifications, provide competitive analysis of proposals and make recommendations<\/li>\n<li>Negotiate best available pricing \/ terms using New World Associates market leverage<\/li>\n<li>Provide assistance in implementation, communications, enrollment meetings<\/li>\n<li>Review proposed contracts, booklets and other carrier materials<\/li>\n<li>Provide written &#8220;Confirmation of Coverage&#8221; prior to effective date<\/li>\n<\/ul>\n\t\t\t\t<img decoding=\"async\" src=\"http:\/\/www.newworldassociates.net\/wp-content\/uploads\/2019\/10\/marketing2.jpg\" alt=\"marketing2\" itemprop=\"image\" title=\"marketing2\" onerror=\"this.style.display='none'\"  \/>\n\t<h3>RENEWAL MANAGEMENT &amp; NEGOTIATION<\/h3>\n\t<h3><strong>Services offered include:<\/strong><\/h3>\n<ul>\n<li>Aligned with overall strategy, establish renewal objectives with Client six to eight months in advance<\/li>\n<li>Request early notification from vendors\/carriers<\/li>\n<li>Analyze renewal proposals and compare to New World Associates pre-renewal projections<\/li>\n<li>Assess appropriateness of pricing\/terms (including plan change options) and negotiate on behalf of Client<\/li>\n<li>Confirm final renewal results to Client<\/li>\n<li>Confirm employee cost sharing levels<\/li>\n<li>Assist with Open Enrollment logistics, meetings and basic communication<\/li>\n<\/ul>\n\t\t\t\t<img decoding=\"async\" src=\"http:\/\/www.newworldassociates.net\/wp-content\/uploads\/2019\/10\/renewal.jpg\" alt=\"renewal\" itemprop=\"image\" title=\"renewal\" onerror=\"this.style.display='none'\"  \/>\n\t<h3>LEGISLATIVE &amp; MARKET INFORMATION<\/h3>\n\t<h3><strong>Services offered include:<\/strong><\/h3>\n<ul>\n<li>Keep Client informed of emerging legislative \/ compliance issues<\/li>\n<li>Assist with ERISA, COBRA, FMLA, HIPAA etc.<\/li>\n<li>Respond to Client specific legislative \/ compliance questions<\/li>\n<li>Conduct periodic seminars on pertinent legislative and marketplace trends<\/li>\n<li>Regular mailings of bulletins addressing Human Resources and benefit issues such as health care reform, statutory updates, flex benefits, etc.<\/li>\n<\/ul>\n\t\t\t\t<img decoding=\"async\" src=\"http:\/\/www.newworldassociates.net\/wp-content\/uploads\/2019\/10\/legislative.jpg\" alt=\"legislative\" itemprop=\"image\" title=\"legislative\" onerror=\"this.style.display='none'\"  \/>\n\t<h3>FINANCIAL ACCOUNTING<\/h3>\n\t<h3><strong>Services offered include:<\/strong><\/h3>\n<ul>\n<li>Analyze monthly claim experience to identify large claims and trends<\/li>\n<li>Analyze claim utilization data to identify areas of over-utilization, and discuss potential cost savings measures<\/li>\n<li>Review and negotiate year-end financial accounting<\/li>\n<li>Provide budget analysis and forecast renewals<\/li>\n<li>Provide IBNR report on a semi annual basis for self-insured plans<\/li>\n<li>Assist in compilation of Schedule A Reports for 5500 filings<\/li>\n<li>Provide estimates for long range cost implications due to plan changes<\/li>\n<li>Analyze appropriateness of various funding alternatives<\/li>\n<\/ul>\n\t\t\t\t<img decoding=\"async\" src=\"http:\/\/www.newworldassociates.net\/wp-content\/uploads\/2019\/10\/accounting.jpg\" alt=\"accounting\" itemprop=\"image\" title=\"accounting\" onerror=\"this.style.display='none'\"  \/>\n\n","protected":false},"excerpt":{"rendered":"<p>DAY TO DAY SERVICE Services offered include: Respond to daily questions in real time Assist on claim problems, billing questions,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11985,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-11700","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.newworldassociates.net\/index.php?rest_route=\/wp\/v2\/pages\/11700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newworldassociates.net\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.newworldassociates.net\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.newworldassociates.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newworldassociates.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11700"}],"version-history":[{"count":12,"href":"https:\/\/www.newworldassociates.net\/index.php?rest_route=\/wp\/v2\/pages\/11700\/revisions"}],"predecessor-version":[{"id":12284,"href":"https:\/\/www.newworldassociates.net\/index.php?rest_route=\/wp\/v2\/pages\/11700\/revisions\/12284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newworldassociates.net\/index.php?rest_route=\/wp\/v2\/media\/11985"}],"wp:attachment":[{"href":"https:\/\/www.newworldassociates.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}