Segal Company

Budgeting/Financials

Proper budgeting and financial monitoring is key to sustaining a health and welfare plan. Segal is able to help public sector entities with the following services:

  • Projecting claims
  • Developing required contribution and COBRA rates
  • Performing incurred-but-not-reported (IBNR) calculations required for retiree health accounting and self-funded plans
  • Analyzing the impact of proposed plan design changes
  • Underwriting and funding methodology
  • Creating budget and renewal projections
  • Preparing annual health benefits reports
  • Determining pricing for flexible benefits
  • Conducting merger studies
  • Analyzing the development of health care purchasing coalitions
  • Reviewing domestic partner benefits/imputed income
  • Creating and/or update financial reports including information on per member per month (PMPM) costs and plan cost drivers
  • Preparing a financial experience and benefit projections (FEBP) report, including a review of three-year income and expense projections
  • Preparing a 92-06 SOP actuarial valuation report and assessing its implications for plan funding