Page 33 - Quality Industries
P. 33
Funding analysis
Funding evaluation options
Optimal health plan funding assessment: Used in conjunction with other actuarial tools; the funding
assessment evaluates the optimal funding-arrangement as part of the strategic planning process.
Alternative funding analysis and options
GUARANTEE FULLY INSURED MINIMUM LEVEL FUNDING ADMINISTRATIVE
COST PARTICIPATING PREMIUM SERVICES ONLY
(SELF-FUNDING)
• Insured Plan • Insured Plan • Insured Plan • Partially self-funded • Self-funded
• Predictable expenses • Participate in claims • Fund claims as they • Pay ix amount and • Maximum cash low
• Rates are set experience are paid get % of surplus • You hold the reserves
prospectively and • Fixed monthly • Premium tax savings • Premium tax savings • Stop-loss protection
guaranteed premium costs
• You hold the reserves against shock claims
Quality Industries — Lockton Total Rewards Practice overview 33 Lockton Companies
Funding evaluation options
Optimal health plan funding assessment: Used in conjunction with other actuarial tools; the funding
assessment evaluates the optimal funding-arrangement as part of the strategic planning process.
Alternative funding analysis and options
GUARANTEE FULLY INSURED MINIMUM LEVEL FUNDING ADMINISTRATIVE
COST PARTICIPATING PREMIUM SERVICES ONLY
(SELF-FUNDING)
• Insured Plan • Insured Plan • Insured Plan • Partially self-funded • Self-funded
• Predictable expenses • Participate in claims • Fund claims as they • Pay ix amount and • Maximum cash low
• Rates are set experience are paid get % of surplus • You hold the reserves
prospectively and • Fixed monthly • Premium tax savings • Premium tax savings • Stop-loss protection
guaranteed premium costs
• You hold the reserves against shock claims
Quality Industries — Lockton Total Rewards Practice overview 33 Lockton Companies
