The deliverable
The deliverable is scoped to what you need
Some engagements are a single question — a quick check on the underwriting, or a cost projection built in Excel. Others run longer: working with you and your broker through an RFP, from the requirements to the scoring to the finalist read. The scope is set by the work you actually have, not by a fixed package.
Whatever the scope, the work is delivered so it can be used — reviewed, handed to your team, or taken into a meeting. Your company's data and your employees' data are handled under confidentiality terms throughout, and never shared with a carrier, broker, or vendor.
Contents
What the full scope covers
- 01Scope and data reviewed
- 02Executive summary
- 03Renewal rate development
- 04Trend assumptions and testing
- 05Claims experience and high-cost claimants
- 06Stop-loss placement and laser review
- 07Fee stack and vendor compensation
- 08Plan design alternatives modeled
- 09Recommendations and open questions
- 10Appendix — exhibits and source documents
Use
What you can do with it
- Take it to your board or audit committee as the basis for approving the renewal.
- Give it to your CFO so the benefits line is defensible in the budget.
- Hand it to your broker as a specific list of things to go back and renegotiate.
- Use it as the scoring framework for an RFP committee.
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