Benefit Solutions

Are you looking for a specific benefit solution? Boon can provide a tailored solution for a wide variety of your needs.

 
Benefit Offerings

A better employee benefit solution.

Compliance, affordability, and flexibility – made accessible.

Boon is – and always has been – a broker friendly partner and leader in the government contracting space, specializing in employee benefit solutions that are compatible with the requirements of the Service Contract Act, Davis-Bacon Act, living and prevailing wage, and other hourly benefit obligations.

 
Major Medical

Affordable, hourly-cost, fully insured and self-funded healthcare plans designed to be compliant with the Affordable Care Act and the designated fringe rate for part-time and full-time employees. Competitive medical fringe benefit solutions specifically designed for the unique needs of the government contractor.

Learn more about our solutions to maximize the fringe dollar.

 
Minimum Essential Coverage, Minimum Value Plans, and Fixed Indemnity Solutions

Offer employees options that are efficient, affordable, and sustainable. Minimum essential coverage plans offer the minimum amount of essential coverage required by individuals. If you’re looking to bring value to hourly employees, but remain cost-conscious, this is your benefit solution.

Get to know our simplified and affordable hourly employee solutions.

 
San Francisco HCSO Alternative Solution

An alternative solution to satisfy the San Francisco city option for the Health Care Security Ordinance (HCSO)

Your clients have options when it comes to their healthcare. Boon proudly offers an alternative benefit plan solution that satisfies the San Francisco Health Care Security Ordinance (SFHCSO). The San Francisco HCSO MEC Plus Plan gives employees flexibility and options with their healthcare.

The plan features include:

• Matches the San Francisco HCSO spend requirement
• Meets Minimum Essential Coverage (MEC) – preventative benefits paid 100% by the plan if the member stays in network
• Provides a scheduled, fixed indemnity benefit for services provided by doctors, hospitals, prescription drug, dental, and more
• Grants the freedom to choose your provider in-network or out-of-network
• Uses national PPO Networks
• Utilizes the Caremark pharmacy network, including: CVS, Rite Aid, Walgreens, Target, Safeway, Costco and more
• Includes a telemedicine option with no co-pay and no limits
• Plans adhere to the 90-day waiting period and other HCSO guidelines
• Quarterly or monthly plans available
• We are a broker-friendly partner and pay broker commissions

 
Administrative Services Only (ASO) and Trust Management Solutions

Boon’s partnership philosophy rests on a foundation of expertise and service. Our robust in-house services are a cornerstone of that reputation and proof of our commitment to client support.

Some of the services that come with our expertise and capabilities include:

• Individual [or average] cost accounting
• Hour bank administration
• Paid leave accounting
• Consolidated billing and reconciliation 
• Allocation of premium
• Trust accounting and financials
• COBRA administration services*
• Comprehensive enrollment services*
• Eligibility determination, maintenance and transmission*
• Collection of fringe contributions and payment to benefit provider and vendors*

*These services are not included in the base contract, but can be added for an additional fee.

Learn more about Boon, as a one-stop-shop for comprehensive employee benefits.

 
Retirement Solutions

Our retirement plans are uniquely designed as a fringe benefit solution for companies working on projects subject to the Davis-Bacon Act (DBA}, Service Contract Act (SCA), and state prevailing wage laws. Boon is dedicated to providing transparent, effective and professional investment management services to 401(a) and 401(k) plans.

Serving as a single point of contact, Boon delivers the following optional services:

• ERISA, investment and compliance reviews
• Ongoing performance monitoring
• Fund selection
• Day to day technical support to both plan sponsors and employees
• Facilitate the 5500 filing, and compliance testing and audit support
• Subject matter expertise on 401(a) and 401(k) plans
• Lead educational enrollment meetings and optional participant level advice
• Ensure accurate and timely processing and reconciliation of contributions

Our team employees a three-phase approach to each retirement solution.

• Consult: We do an extensive review of compliance, plan design, ERISA issues, and investments. We delve into the needs of each individual company to create a win-win situation for the employer, as well as their employees.
• Implement: During our implementation phase our team provides streamlined plan design optimization with options for customized allocation.
• Service: Coordinate all ERISA compliance, help with day to day participant issues, serve as co-fiduciary for the investment selection and ongoing monitoring.
• From annual plan reviews to technical questions regarding plan documents, mergers and acquisitions, our experts are there every step of the way.

Acquaint yourself with our expert-backed retirement solutions.

 
Ancillary Benefits Solutions

Boon’s ancillary benefits are designed to provide affordable coverage for all employees and their eligible dependents, regardless of the number of hours worked in a month.

Ancillary benefits include:

• Dental
• Vision
• Short-term disability
• Life insurance
• AD&D
• Critical Illness
• Health reimbursement arrangement (HRA)
• Telemedicine