Products and Services
Health and welfare plan design
We offer the help you need to develop all types of health and welfare plans including medical, dental, vision, prescription drug and disability. Based on your benefit objectives, we develop plan design alternatives and compare these benefit levels with those of similar employers. We also quantify the effect of changes in plan design to help with budgeting and planning.
Health and welfare vendor evaluation and selection
Careful evaluation and selection of health plans and specialty vendors is an essential process for all types of health and welfare plans. Our evaluations commonly include a comparison of benefit plans, provider networks, rates and quality measures.
Plan pricing and employee contribution strategies
Our services range from the development of funding rates for self-funded plans to negotiating with vendors for insured plans. In addition, we work with clients to determine appropriate employee contribution strategies based on overall financial objectives.
Funding strategy evaluations
In today's market there are many funding alternatives available, ranging from fully insured to partially insured to self-funded. We will help you evaluate your risk tolerance based on financial objectives, and model the implications of different funding alternatives in order to select the desirable funding strategy for your organization.
Medicare Part D
Plan sponsors have several different options for providing prescription drug coverage for Medicare eligible participants. Our consultants can help you understand the financial and design implications of each option in order to make the best choice for your company and participants. For sponsors that choose the retiree drug subsidy (RDS) our services include Medicare Part D attestations, reporting assistance, and a proven process to provide transparency to the subsidy process when multiple vendors are involved.
Health and welfare plan reserve analysis
Our services include Incurred But Not Reported (IBNR) claim liability and other reserve valuations for VEBA funding and other accounting purposes.