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Understanding the financial risks associated with your benefit plans and having the appropriate data to make sound business decisions is critical to your success.
How does your organization answer these questions today?
- Is the renewal I have received from my carrier fair?
- Is a consumer-driven health plan right for my organization?
- Should we consider self funding?
- How do I determine the appropriate individual stop loss level?
- Are the benefit plan design changes made given proper discounts by the carrier?
- What is driving our medical and prescription drug costs?
- What is the projected out-of-pocket impact to my employees of a plan design change?
- What are unique risk factors of my employee population and how does it impact my costs?
- How does my benefits, premiums and contribution level stack up against my peers?
Scott is uniquely positioned to help you answer these questions and more. Our partnership with one of the country's largest and most respected actuarial consulting firms provides our clients with access to data and proprietary actuarial models that provide insight into their unique risks and opportunities for improvement. This independent third party analysis helps to validate insurance carriers' proposals and recommendations and provides a level of transparency previously not accessible by most mid-market businesses. Additionally, the Scott Financial Risk Management Team, lead by our Healthcare Cost Strategist, is there to provide insight into the unique local and regional market conditions that can impact your plans as well as providing analysis of the specific cost drivers of your unique population.
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