Healthcare Benefits
Employers want to offer a health plan that is affordable while providing employees with the resources to help them manage their health. Spring tackles all facets of health plan design and financing, including:
- Data Analysis and plan analytics
- Actuarial pricing, reserving and financial analysis
- Underwriting
- Eligibility provisions
- Preventive services
- Wellness programs
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- Disease management
- Employee assistance programs
- Self-insurance feasibility
- Reinsurance arrangements
- Benchmarking
- Competitive bidding
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Springs healthcare benefit solutions include:
Medical
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- Plan Design and Analysis
- Secure HMO, PPO, POS, Indemnity and Open Access plans from the industry's top carriers
- Ensure optimal access to coverage
- Ensure plan compliance
- Identify coverage gaps/redundancies
- Health Promotion
- Health Risk Assessments
- Onsite clinics
- Employee education seminars
- Health incentives
- Preventive strategies
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- Health Management
- Claims management
- Predictive modeling
- Outreach programs
- Funding
- Feasibility of self-insurance/self-funding strategies
- Medical stop loss or quota-share reinsurance
- Actuarial & Underwritting
- Pricing
- Reserving
- Financial projections
- Risk modeling and variability analysis
- Underwritting
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Dental
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- Plan Design and Analysis
- Comprehensive network options
- Rollover benefit dollars
- Health Promotion
- Preventive plans to ensure access to routine care
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- Funding
- Fully-insured and self-funded strategies
- Improved cash flow strategies for plan sponsor
- Actuarial & Underwriting
- Pricing
- Reserving
- Financial projections
- Risk modeling and variability analysis
- Underwriting
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Vision
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- Plan Design and Analysis
- Secure coverage with leading vision and eye care carriers
- Funding
- Traditional Offering vs. Voluntary Offering
- Alternative funding solutions
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- Actuarial & Underwriting
- Pricing
- Reserving
- Financial projections
- Risk modeling and variability analysis
- Underwriting
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Pharmacy
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- Plan Design and Analysis
- Standalone pharmacy benefit manager vs. outsourcing
- Analysis of costs
- Manage contract negotiations
- Funding
- Actuarial analysis
- Pro-forma projections
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- Actuarial & Underwriting
- Pricing
- Reserving
- Financial Projections
- Risk modeling and variability analysis
- Underwriting
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Our brokerage division Spring Insurance Group provides strategic analysis, product placement services and day-to-day program management to plan sponsors and their HR/benefits department.
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