For over a decade, KTP has achieved a track record of helping our clients consistently provide retiree health care insurance benefits at a cost below national averages. No one factor can explain this performance. We believe that achieving results of this caliber requires a day-in day-out focus on the drivers of cost for these benefits. Our relentless focus on existing and emerging opportunities for maximizing cost-effectiveness produces results that we believe speak for themselves.
Our process with our clients includes:
- Reviewing their short-term goals and long-term objectives
- Analyzing existing benefit plans to determine potential changes and improvements
- Developing a retiree health benefit strategy based on the client’s goals and objectives
- Designing specific, customized medical and prescription drug solutions for pre-65 and post-65 retirees
- Providing preliminary legal, accounting, actuarial and regulatory counsel
- Structuring plans based on risk tolerance, funding preferences, and contractual obligations
- Auditing existing benefit plans
- Negotiating the most favorable pricing and terms with carriers, pharmacy benefit managers, network providers, and third-party administrators by conducting an aggressive and competitive bidding process
- Implementing new strategies in a systematic and detailed fashion
- Communicating changes and transitions through a single point-of-contact
- Managing all plan administrative services and relationships
- Evaluating and tracking market dynamics and legislative changes to ensure continuous strategy optimization
If you have any questions regarding our services, or would like more information, please contact: Nicole Allen at nallen@ktpadvisors.com or Kate Beebe at kjenkins@ktpadvisors.com.