What Happens in an Employee Benefits Review for Puerto Rico Employers

No sales pitch. Just a process. That is what a benefits review should be.

Many employers in Puerto Rico have never done a real benefits review. They renew their plans each year on autopilot. Their broker sends a quote. They sign. They move on. They never learn whether the plan still fits their company, their people, and their budget.

A proper review is different. It is a structured look at what you have, what is missing, and what you could do better. Here is what the process looks like.

Step 1: We Look at What You Have

The first step is a full inventory. We look at your health plan, life insurance, and disability coverage. In Puerto Rico that includes SINOT and Law 139 disability benefits. We look at voluntary coverage and retirement plans. We look at how all of it fits together.

Many employers are surprised by this step. They find coverages they forgot they had. They find gaps between plans. They find benefits that overlap. The goal is simple: know exactly what you are offering today before deciding what to change.

Step 2: We Check the Gaps

The second step looks for what is missing. This covers two areas. Compliance and cost trends.

Compliance items include COBRA administration, your Summary Plan Description (SPD), Form 5500 filing, and creditable coverage notices. These are not optional. They carry real penalties if mishandled. Many employers do not realize they have gaps until something goes wrong.

The other half of this step looks at where your money is going. We check claims patterns and prescription costs. We look at where costs are heading. This tells us whether your current plan is sustainable or headed for trouble.

Step 3: We Model the Levers

The third step is about options. We model the three main cost levers. Plan design. Funding structure. Contribution strategy.

Each lever is tested against your actual situation. Your group size. Your claims. Your budget. We show you what each change would do. You see real scenarios, not guesses. This is where a review turns into strategy.

Step 4: You Get a Clear Recommendation

The final step is the recommendation. Clear and direct. It tells you what to keep, what to change, and what to watch.

Sometimes the right answer is to keep what you have. An honest advisor says so. A good review can confirm that your current setup is working. That is valuable too.

You work directly with decision makers through the whole process. And we respond within 24 hours. That is the partnership model.

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