HCAS works with brokers and employers to develop solutions to manage the financial risk associated with providing medical, prescription drug and dental benefits to employees. With the rapid rising cost of health care, it is imperative to understand the drivers of health care cost, develop solutions to manage that cost and establish budgets that reflect the expected cost of benefits.
With the rapid rising cost of health care, it is imperative to understand the drivers of health care expenses, develop solutions to manage the cost and establish budgets that reflect the expected cost of benefits.
Employer actuarial and reporting services include:
Fully Insured
- Renewal review
- Self-funded feasibility analysis
- Contribution strategy analysis
Self-Funded
- Calculating of premium equivalent rates
- IBNP estimates
- Experience reporting
- Contribution strategy analysis
- Analysis of population composition and risk profile relative to utilization