Actuarial and Finance

Deep In-House Actuarial Services to Guide Your Plan

When it comes to managing rising healthcare costs, Alera Group offers the actuarial and finance expertise you can count on to optimize your benefits plan and drive value to your organization and employees.

Alera Group’s dedicated actuarial team can help you:

  • Develop program strategy with a long-term view of costs and potential claims liability
  • Determine the impact of program and vendor changes
  • Set program budgets for planning and reporting, and monitor emerging experience against budget
  • Analyze claims experience and population health trends
  • Support for retiree plans, including an analysis of creditable coverage, retiree drug subsidy (RDS) attestations and actuarial valuations.

 

Financial Management Approach

Alera Group offers comprehensive financial management services and analysis across all aspects of your benefits program, including:

Program Strategy

Develop a baseline of long-term costs and potential cost variability. Assess the potential impact of a program strategy and vendor changes and conduct a risk assessment.

Cost Projections

Develop and update budget projections, set rates and provide long-term cost projections.

Plan Governance

Provide regular monitoring and an executive dashboard, identify key cost drivers and conduct large claims reporting.

Financial Reporting & Reserving

Establish incurred but not paid (IBNP) reserve, conduct retiree medical valuations and provide quarterly financial reporting support.

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EXPERT EDUCATION

Events and Webinars

Employee Benefits

Optimize Your Benefits: A Three-Pronged Approach

Want to lower healthcare costs and enrich your benefits program at the same time? If so, this webinar is for you.

June 20, 2024 at 01:00 pm CT | Virtual

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Employee Benefits

[Alera Engage] Benchmarking for the Win: How Does Your Benefits Program Rate?

Ask our clients about the No.1 tool that helps them develop an impactful benefits program, and they'll tell you is benchmarking.

July 18, 2024 at 02:00 pm CT | Virtual

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Employee Benefits

Driving Communications and Engagement: Open Enrollment

Our experts will walk you through a strategic planning process to make sure you’re sharing in a way that not only drives employee awareness and engagement but also reaches your workforce across platforms with what they need to know about choosing the right benefits for them and their families. 

August 15, 2024 at 01:00 pm CT | Virtual

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THOUGHT LEADERSHIP

Insights

Employee Benefits

How To Lower Healthcare Costs While Improving Benefit Offerings

Join us on June 20 for a one-hour webinar designed to help you eliminate wasteful healthcare spending while providing your employees with benefits that attract and retain talent. We’ll take you through our three-step solution.

June 11, 2024

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Employee Benefits

Legal Alert: PCORI Fees Due by July 31, 2024

Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind the upcoming July 31, 2024, deadline for paying fees that fund the Patient-Centered Outcomes Research Institute (PCORI) via Form 720, which was recently updated and released by the IRS.

June 7, 2024

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Employee Benefits

Legal Alert: CMS Redesigns the Medicare Part D Prescription Drug Program Beginning in 2025

As a result of the changes to Medicare Part D under §11201 of the Inflation Reduction Act of 2022, on April 1, 2024, CMS released Final Redesign Program Instructions (“Final Program Instructions”) for the Medicare Part D prescription drug program, which are effective starting in 2025.

May 30, 2024

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Employee Benefits

Legal Alert: HIPAA Privacy Rules Amended to Require Protection of Reproductive Healthcare Information

On April 26, 2024, the Office for Civil Rights (OCR) at the U.S. Department of Health and Human Services (“HHS”) issued a Final Rule amending the HIPAA Privacy Rule.

May 15, 2024

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