To help take the mystery out of PPACA (Obamacare), we have developed an incredibly powerful analytical tool that quantifies an Employer's financial impact with probabilities, does what-ifs and a lot more. It utilizes Monte Carlo simulation and Optimization software and is in a class by itself. This is not another “high level” presentation… it is an Employer specific analysis that will show you your impending cost (with probabilities) and the variables to be assessed. It will help you develop the most cost effective cost sharing strategy for your health insurance. We have had instances where the most cost effective strategy may come from actually increasing the Employer contribution. Want more PPACA information, join us for a webex presentation or send us an email.
If you don’t have the risk appetite or think you’re too small for Partially Self-Funded, maybe you should explore a HRA with a high(er) Deductible Fully Insured Plan. The premise is this: plans with relatively low deductibles for high expense items (like hospital admissions) are priced like there will be very high utilization of those services. In fact that is unlikely. The use of the HRA with a high deductible will result in significant cost savings. You keep your employees happy by subsidizing the deductible with the HRA yourself. We quantify your HRA risks, again with probabilities of outcome. For more information, join us for a webex presentation or send us an email.
premium analysis self funded health insurance, monte carlo method
Whether to purchase Fully Insured or Partially Self-Funded health insurance can be a tough decision, especially if you have no likelihood of your exposure. If you decide that you should go the Partially Self-Funded route, your decision making process is not over. You have to decide how much risk you should assume and how much to pass off to your Stop Loss carrier. Our process will quantify your risks/rewards. For more Self-Funded Information join us for a webex presentation or send us an email.
If you’ve ever had to make a purchase decision between a PPO/HMO or a High Deductible health insurance plan, you’d really appreciate this tool which is Employer specific. You make some very simple entries about your usage and it tells you: 1) What your total cost is for each plan, 2) the likelihood of that cost and 3) the savings with the most efficient plan. It also will calculate the break-even cost for the plans. This is designed for usage by larger Employer who want to educate their employees on how to make smarter purchase decisions. For more information, join us for a webex presentation or send us an email.