COST-EFFECTIVE EDGE: Employers of all sizes choose L&E as a foundation for the most strategic and cost-effective approach to managing their risks. Whether your company has purchased insurance to cover your risks or decided to assume the risk through self-funding, we pinpoint your current needs and help you adapt as they change.
ACTUARIAL ADVANTAGE: Employers count on our specialized service in managing employee benefit programs and other similar business risks including:
- Developing adequate and reasonable reserves for self-funded health plans
- Setting appropriate contribution levels for employees, retirees and COBRA enrollees
- Understanding the costs and savings of benefit options for life, medical, long-term care, retirement and workers' compensation plans
- Evaluating health care cost levels and reimbursement processes
- Determining post-retirement or post-employment liabilities relating to group health and retirement plans
- Measuring cost-effectiveness and legal compliance of resource pools among employer groups
- Analyzing cost-effectiveness of PPO networks with special attention to reimbursement levels
- Comparing your costs to Benchmarks using the L&E Health Care Cost Model, adjusting to your demographics, area and benefit plan.
MAXIMUM RISK MANAGEMENT: L&E consultants go beyond explicit actuarial calculations to put their extensive employer and insurer experience to work on your most pressing concerns:
- Workers' compensation costs
- Long-term costs and savings of consumer directed health plans including GAP plans, health care reimbursement accounts and health savings accounts
- Pros and cons of self-insurance
- Risk management focused on minimizing costs related to increased risk
- Effective communication of business risks, costs and benefits to employees
REGULATORY EXPERTS: Our consultants take great pride in their awareness of regulatory changes and how such changes affect your business. Whether it’s for your health plan, retirement plan, workers’ compensation program or other similar risks, L&E offers essential support. We design action plans specifically for employers to comply with HIPAA Title II. If you provide medical benefits for your employees, we’ll make sure you’re always in compliance with new laws and standards.
COMPLEMENTARY SERVICES: L&E works closely with employers’ service providers to enhance the potential of key practice areas. Advisors, brokers, third-party administrators and other businesses catering to employers’ needs rely on the complementary services we can provide in a trusted and professional manner.
Sample FAS 106 Report available upon request.
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