Plan & Risk Management
Your benefits plan is an important part of your overall employee compensation model, providing tax-free benefits for your staff while providing a level of security your employees cannot obtain individually. Employee benefits need to reflect the protection the employer can offer, not only when employees are enjoying good health, but also when they are facing health concerns and need to rely on the benefit coverage for themselves or their families.
Taking a risk management approach allows the employer to deliver the plan they want within the financial boundaries that they can afford by considering details like: coverage, coinsurance, maximums, stop loss, employee share of premium, etc. Ensuring the employer’s risks are limited to a level they are comfortable with provides the certainty that the plan will meet the needs of the employer and employee for years to come.