- Reviewing 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 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 independent, aggressive and competitive bidding process
- Negotiating renewal rates and terms
- Implementing programs, providing employee communication materials, and providing continuing administrative and compliance support
- Analyzing claim data and providing monthly financial reports
- Communicating changes and transitions through a single point-of-contact
- 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 kbeebe@ktpadvisors.com.