Page 49 - Francis Parker School RFP (Stawicki)

Appendix 3: Five Year Strategic Plan

Year Five: 2024-2025
Year 5 is focuses on a revamp of the employee educational materials.

Cost Containment

Continue to review expected utilization based on group demographics
Determine if Francis Parker School is a good candidate for self-funding or a captive, review
funding options and
Review Consumer Driven Health Plans, motivators, perception, education requirements and
analyze if consumerism is working in the health plans

Continue to review health and welfare plan against benchmark data including other
education industry employer plans, and other employer plans on a national and regional
basis to help guide plan design and cost-sharing decisions
Continue to compare SmartBen to other benefits enrollment systems

Wellness/Well-being

Continue wellness program for spouses for maximum effect
Continue tobacco cessation program to include employees and spouses
Review wellness plan for efficacy

Consider increasing value and impact of incentives for achievement results-based goals set
Negotiate with carriers to provide a minimum of $5,000 annually to contribute to wellness
program costs

Employee Communication

Continue to address and communicate all health care reform legislation to employees as
needed
Continue the “Know Your Benefits” bimonthly email campaign
Host the annual Health Fair in October

Update and refresh in-depth and informational employee benefit guide to include more
detail of the benefit program in detail
Communicate to ensure employees understand the connection between wellness and
benefit costs