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

Is Tech-Enabled Brokerage Right for You?

Our experts will lay out what tech-enabled brokerage is, how it works and why it makes sense for the right organizations.

September 19, 2024 at 01:00 pm CT | Virtual

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Employee Benefits

Meeting the Needs of an Aging Workforce

Our experts will provide tips and insights about how to incorporate Medicare, menopause benefits, retirement, communications best practices and other hot topics for older workers into your program successfully and without breaking the bank.

October 17, 2024 at 01:00 pm CT | Virtual

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Employee Benefits

When Captive Insurance Makes Sense

In this session, our experts will talk about how captives work, the advantages and disadvantages and what you need to know to determine whether they make sense for your organization.

November 21, 2024 at 01:00 pm CT | Virtual

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THOUGHT LEADERSHIP

Insights

Employee Benefits

Preparing for 2025: Creditable Coverage, Enrolling in Medicare and HSA Contributions

With significant changes coming in 2025 to creditable coverage determinations, employers and employees may have questions on what that means for them, whether they make the decision to enroll in Medicare Part D or continue to have coverage under their group health plan.

September 5, 2024

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Employee Benefits

Webinar: Better Benefits Administration and Lower Costs

If you don’t have expert assistance to guide you and your organization in the in using a sophisticated benefits portal, you’re wasting a lot of the money your business has invested — and probably frustrating the employees you mean to serve. Working with a brokerage that offers not only a leading-edge benefits portal but also year-round support and services enables your employees to seamlessly access, understand and navigate the portal, creating a positive benefits experience.

September 5, 2024

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Employee Benefits

Medicare Part D Credibility Determinations for Non-Calendar Year Plans

In 2003, the Medicare Prescription Drug, Improvement, and Modernization Act (MMA) added a voluntary prescription drug benefit to the Medicare program. The benefit, known as Medicare Part D or “Part D,” is an optional program for Medicare beneficiaries to access covered prescription drugs at a lower cost. In 2022, the Inflation Reduction Act (IRA) was signed and set into motion changes to Part D benefits, with additional impact on employers in 2024 and 2025.

September 5, 2024

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Property and Casualty

Workers’ Compensation: Stable market with emerging challenges from mental health claims

Despite pressure from medical inflation, increases in fee schedules on medical procedures and wage inflation affecting premiums and benefits, Workers’ Compensation remains a stable and profitable line for insurers. This stability allows buyers favorable conditions, such as ample capacity and stable rates. However, a new trend is emerging: the inclusion of mental health claims as compensable workers’ compensation.

August 28, 2024

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