Services

Consolidated Billing
Diamond Administrative Services, a subsidiary of The Diamond Companies, offers a monthly-consolidated billing service. This customized service provides a single invoice for all carriers and services provided. Along with the consolidated carrier invoice, employer receives monthly contribution reports, premium processing distribution, new hire and any needed documentation processing, COBRA notification and update processing and status notification.

On-Line HR Services
As an added benefit to our clients, The Diamond Companies offers an internet based private employee benefits internet solution. Employer and employees get around-the-clock access to their own customized intrranet site for benefits and human resource tasks. The secured portal allows employees to view introductory plan information, benefit plan highlights, frequently asked questions, and links to carriers' websites. Employees can also search for a local provider, view eligibility and employee handbooks, and download forms.

Benefits Enrollment
At the time of enrollment, The Diamond Companies through its subsidiaries, can facilitate the enrollment process by offering enrollment packages, enrollment checklist and benefits presentations in an individual or meeting setting. Timely return of enrollment materials will ensure that proper ID cards, handbooks and whatever other required information is in the hands of the employee and their families prior to the effective date of requested coverage(s).

Section 125 Premium Only Plan (POP)
Allows employee contributions to employer-sponsored benefit plan to be made with pre-tax dollars which automatically increases spendable income and reduces the employer's gross payroll.

Section 125 Cafeteria Plan
The Flexible Spending Account (FSA) lets employees' set-aside dollars that can be used throughout the year to reimburse for healthcare and dependent care expenses. The money
is placed in a flexible spending account (FSA).

Health Care Flexible Spending Account - Covers eligible health care expenses that are not
reimbursed by medical, dental or vision care plans that participants and their families already
have. The account helps participants budget for planned expenses such as co-pays, deductibles, and prescriptions.

Dependent Care Flexible Spending Account - Covers eligible dependent care expenses incurred
to allow the participant, or if married, the participant and spouse, to work or attend school full-time.

Cobra Administration
Responsibility for compliance with COBRA (consolidated Omnibus Budget Reconciliation Act
of 1985) falls on the employer, but Diamond Administrative Services can help.  For a nominal fee, Diamond Administrative Services will help administer COBRA functions, such as providing notices, billing, and collecting premium. This may save some time-consuming paperwork.