Healthcare benefits consulting for leading organizations
Health benefits are often the key component of an organization’s benefit package.
We’ve simplified the typical a la carte services by creating a comprehensive bundle of services. A relationship with Conrad Siegel means complete transparency, with no hidden costs (which is surprisingly unique in the healthcare industry).
This allows us to solely advocate for your organization and its benefits. As the leading actuarial firm in the region, our renowned actuarial expertise provides a distinct edge for you, your people, and your organization.
BRASS Bundled Services
We’ve structured a set of benefit consulting services most requested by our clients called “BRASS.” BRASS is packaged to efficiently, cost effectively, and immediately deliver more value.
BRASS is a simple way to say “Benefit Review and Annual Strategic Services.” The core of packaging these related services into one, simple-to-understand suite of services comes from decades of experience in working with employers and plan sponsors and combining the services that return the most value to them in one annual fee.
Strategic Planning & Actuarial Analysis
Our strategic planning process puts you in a proactive position. We remove the reactive “crisis management” aspects of renewing employee benefit plans. We will work closely with you to understand your goals and create a custom solution that fits your organization. On top of that, you get our actuarial edge to managing employee benefit plans which enables us to see farther ahead and advocate aggressively for you throughout the benefits negotiation process.
- Regular strategic benefit planning meetings
- Monthly claims tracking and trend analysis
- Advanced rate projections
- Claims reserve analysis
- Renewal rate review and negotiations
- Actuarial budget development
- Standard solicitation and analysis of quotes and proposals
- Advanced data analytics and reporting solutions
- Detailed pharmacy contract analysis and negotiation
- Review of benefit plan funding arrangement alternatives
- Actuarial analysis of plan design changes
- Annual premium-sharing analysis and development
- Assistance with eligibility provisions and strategies
- Continued education and benchmarking with emerging healthcare trends
- Assistance with wellness program initiatives
Employee Communications
Effective communication is critical to the success of any employee benefit plan. We help carry out effective employee meetings and can provide informative, custom communications materials to help employees make the most of their benefits.
- Health advocacy
- Online employee benefits
- Comprehensive benefit statements
- Development of communication materials for employees
- Open enrollment meetings
- Creation of employee notices and disclosures
Compliance/ACA Reporting
Changing healthcare regulations make compliance a moving target for many businesses. We make it our mission to stay on the pulse of emerging legislation as well as the day-to-day compliance needs of your plan, so you can focus on your business. We continually monitor legislation, trends, and new tools to provide you with the advice and resources you need to effectively manage your plans. Healthcare compliance services include:
- Government form filings
- Healthcare reform guidance
- ACA employer reporting
- COBRA rate calculation
- Plan documents, SPDs and nondiscrimination testing
- Annual notices
- HIPAA compliance
Our health & welfare consulting team
Contact our team to get started!
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