How can you balance the benefits provided by your fund — and the cost of its health plans — with the ability of participants to afford the coverage?
Today's benefits environment demands a comprehensive approach to formulating health plan design strategies that leverage innovative approaches as well as the power of data analysis, modeling and benchmarking.
Find out how Segal can help.
Effective plan design is the key to providing high-quality, cost-effective health care.
Segal has extensive experience in the design and redesign of health benefit plans, including:
Cost is an important consideration when planning any change in benefit plan design, as plan redesigns can have a significant fiscal impact on a heath fund.
Segal’s cost modeling experts and tools enable trustees to make informed decisions about their plans.
Of course, proper budgeting and financial monitoring is also key. We cover those, too.
Data mining provides valuable insight into plan costs and usage, in order to improve decision making and financial analysis.
Using data mining, we can determine the root causes of cost increases, which allows for targeted and effective intervention to manage future health care expenses.
On top, benchmarking helps us of identify, understand and comparing best practices across organizations.
It's a powerful tool for aligning benefit programs to your goals and strategies.
Segal approaches multiemployer health and welfare benefits from three overlapping perspectives:
The area of focus varies depending on the needs of the particular health fund, and can always be analyzed using the underlying data.
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