Financial Analysis/Plan Performance Review
For groups with over 100 employees enrolled, our firm analyzes the financial aspects of the insurance programs and performs an extensive evaluation of the claims experience and compares group specific trends to benchmarking data.
- Conduct a complete review of existing employee benefit plans including benefit levels, claims experience, funding arrangements, and contractual obligations to identify group specific trends and help determine a realistic renewal estimate
- Explore cost containment measures that will positively impact future claims experience and develop a long term benefit strategy
- Examine monthly, quarterly, and/or annual claims experience depending on group size and carrier reporting guidelines