Page 14 - PYA PC
P. 14
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
ADMINISTRATIVE
GUARANTEE FULLY INSURED MINIMUM LEVEL FUNDING SERVICES ONLY
COST PARTICIPATING PREMIUM
(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
PYA PC — Lockton Employee Beneits Practice overview 14 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
ADMINISTRATIVE
GUARANTEE FULLY INSURED MINIMUM LEVEL FUNDING SERVICES ONLY
COST PARTICIPATING PREMIUM
(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
PYA PC — Lockton Employee Beneits Practice overview 14 Lockton Companies
