Benefits Actuarial Consulting

Incurred But Not Reported (IBNR) Review. Setting custom health and dental IBNR reserves based on your organizations' experience is the most accurate way to manage the cost of your plan. Using actuarial techniques, we set and certify your target IBNR reserves either as a stand-alone project or by incorporating it into a reserve review.

Actuarial Valuation and Accounting Marketing. Do you offer any post-employment or retiree benefits that require an actuarial valuation? As experts in this complex field, we can support you to take these services to market to ensure you have competitive fees.

Funding Review. The best value of risk versus reward is in an optimal funding arrangement. We review your current arrangement and compare it to available market options to make sure you are taking on the right amount of risk for the financial reward.

Flex Plan Pricing. An optimal flex plan balances a benefits plan choice offering with consumerism and anti-selection. There's an art to funding these plans to target level while also providing value to each employee, containing costs and managing risk. We apply your companies' experience, adopt member consumerism, project to your target funding and monitor our projections to your experience regularly.

Benefits Administration Marketing. Flex plans require high-touch communication and a seamless enrolment experience. Whether you want to explore offerings from insurance carriers or specialty providers, we ensure you get the best provider for your needs. Once you choose a provider, we'll support your implementation for a seamless employee experience.

Plan Design Review. More than ever, employers want to offer flexibility in their benefits plan, to refresh current plan design or to harmonize multiple designs to gain efficiencies. By using a wide range of approaches, we can suggest a plan design for your input and feedback. Our reviews can include:

• Current-state Review
• Top health conditions and trends
• Plan philosophy setting exercise
• Support getting executive buy-in
• Personas and life-stage journeys
• Employee surveys

Together, we can create a plan that benefits both you and your employees, and aligns with your desired funding objective.

Data Analytics. We can monitor, manage and measure plan outcomes through a custom measurement review that evaluates program data and addresses organizational trends with actionable insights that help mitigate risk.

Union Support. Unions add an additional layer of complexity when analyzing plan design. We can support you in union negotiations and plan costing to promote action-oriented conversations and results.