Actuarial
As you search for the answers to human resource administration’s toughest questions, we have the experience and depth to be your trusted resource. You may be asking yourself:
- Are your organization’s current/renewal premiums appropriate?
- Are the premiums for your multiple plan offerings set correctly to minimize risk and drive participation to low-cost options?
- Are your self-funded plan’s expected claims and specific stop-loss levels set appropriately?
- What should the high deductible level and HRA contribution amount be for a Consumer Driven Plan option?
- How can you more accurately determine plan design savings opportunities?
From the onset, we take a careful assessment of your employee benefits program. And ultimately, yes, we provide innovative solutions that best suit both the needs of your company and the employees whose welfare you protect. Our actuarial services can enable you to make better, more cost-effective decisions concerning your company’s self-funded health and welfare plans. These services include:
- Claims reserves and setting/forecasting large case reserves
- Financial projections, trends reporting and forecasting
- Benefit option pricing and small group experience rating
- Product and market strategy development
- Medical claims experience review and medical claim projection
- Reinsurance procurement analysis and reinsurance pricing