Cost effective strategies that support your business plan
We become fully absorbed in your operation to get a hands-on understanding of your business, objectives, operations and critical success factors. We take a long, hard look at where you’ve been, where you are and where you want to be — and provide creative solutions on how you can get there.
Our analysis/strategy services include:
- Benchmarking of your current plan design (e.g., contributions, costs, eligibility, etc.) against other organizations in your industry and geographic area to determine competitiveness and cost effectiveness.
- Claim and utilization data analysis to pinpoint trends, analyze exposures and diagnose potential problems.
- Post retirement benefit obligation analysis, including performing FASB and GASB liability calculations and reviewing/restructuring eligibility provisions.
- Plan design, including:
- guidance on selecting appropriate funding/cash flow mechanisms
- analysis of the impact of the proposed strategies
- evaluation of programs, products and vendors in terms of
cost, benefits, networks, access and service
- review of eligibility and termination provisions to limit