Retiree Health and Welfare Benefits

For over 15 years, 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.

Account Management Services uses a dynamic process which includes:

  • 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 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

Comprehensive Service Packages include a variety of day-to-day plan management and strategic planning initiatives:

  • Providing customized benefit manuals, plan documents, enrollment kits and renewal documents
  • Creating dedicated private labeled benefits and HR portals and financial reports
  • Call center support
  • Claims administration and resolution
  • Ad hoc marketing documents and strategies
  • Eligibility management services including maintenance and verification
  • Assisting with federal and state regulation compliance
  • Preparing 5500 forms
  • Completing retiree/employee benefit surveys
  • Conducting educational seminars
  • Member advocacy
  • Additional services such as customized communications materials, end of year benefit statements, plan summaries and other educational material
  • On-going strategic advice based on evolving market dynamics and changing regulatory requirements

We also collaborate with a select group of proven strategic partners to provide even more expertise and plan management services:

  • ERISA and employment law attorneys
  • Accountants
  • Active employee benefit consultants and advisors
  • Actuaries
  • Prescription drug consultants/claims auditors
  • Employee communications experts
  • HRA, COBRA and Flex administrators
  • Data analytics experts

If you have any questions regarding our services, or would like more information, please contact: Nicole Allen at or Kate Beebe at