Analysis Tools
As the largest independently owned insurance brokerage firm, we cannot see the future and tell you where your insurance increases are going to be. However, as the Knowledge Brokers, we can bring you ideas to help offset these increased costs and change employee behaviors.
Dental
Long Term Care
Life Insurance
Vision
We’ll keep a finger on the pulse of your health plan and how it’s performing financially on a continual basis. This process is cyclical, not linear, it continually evolves through refinement. Our analysis is two-fold:
| Financial | Utilization |
|---|---|
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Employee Benefits: Everything you want to know about benefits compliance and employee communications for employee benefits
Human Resources: Policies, rules, case law – everything your organization wants needs to know about human resource management
Compensation Administration: All the rules for properly administering compensation in your organization – the latest rules, concepts, tools, everything.
Employment Law: How is case law changing the way your organization must administer its employee benefits, H.R., and compensation? R&R FutureOffice employment law resources keep you up-to-date.
• Manage employee health status
• Assess the value of competing health plans
• Improve financial management
• Predict future costs, and
• Monitor vendor performance
Our analytic platform combines multi-dimensional “cube” database technology with a powerful, flexible reporting environment to provide a single interface. This allows for “train-of thought” analytics, dynamic drill-down to detail and integrated text and graphical reporting.
In addition to providing medical plan cost and utilization reports (e.g., costs by month, by member or business unit, discount analyses, hospital admission rates, prescription drug use/costs), highlights include:
• Member demographics: average age, age banding, age distribution by product/by service
• Member cost sharing
• Plan change modeling
• Network use analysis
• High cost claimant use and costs
Predictive modeling applications are an integral part of our reporting system. They enables us to use historical claims information to project future high users together with the expected cost impact.
Benefit Consultation - to help you control rising costs by integrating market analysis and long-term planning, utilization review, claims advocacy, employee education and support centers, and more.
Health Management - to help you maximize employee health as it relates to your productivity and plan costs. Our Health Management Coordinator will implement programs at your worksite designed to reduce risk, utilization and costs, educate, and increase your general health and productivity.
Compliance Support - to assist you in maintaining plans that are compliant with market trends and governmental regulations, including ERISA, HIPAA, FMLA, COBRA, and others.
At R&R Insurance Services, we offer an in-depth utilization analysis to help you determine where you are and where you could be. Review our analysis tools and determine for yourself: does your current agent provide this type of consultation?
Benchmarking and analysis
How do you compare with competitors in the same geographic region
How do you compare with your peer companies
How does your self-funded program stack up against other plans.
(Can pick a chart and make a gif out of it (A). – no opt in, email contact)
Benchmarking of claims utilization – planit
Profiling the premium costs, plan designs deductibles, co-pays etc., employee contributions,
Evaluate network costs
Health intelligence plan gives analysis of claims utilization
Other tools and expertise include:
- On-going health plan financial reporting
- Plan design and cost benchmarking
- Continual large claim evaluation
- In-depth utilization analysis
- Health plan financial projections
- Plan design modeling
- Contribution modeling
- Communication support
Show a snapshot of the composite calculator ??
Is your small group in compliance?
Discrimination case – age banding for premium costs.
The reg prohibits the employer from varying employee contribution based on sex and age.
We have a tool composite rate calculator that will help you be incompliance. The employees pay a consistent non-discriminatory amount. What are the fines?