Comprehensive Funding Analysis

We constantly evaluate multiple funding arrangements to ensure our clients are purchasing benefits in the most efficient manner.

Regular Reporting and Communication  With claims cost representing the largest factor in group health insurance premiums, it is critical that organizations have a brokerage partner that can effectively report overall claim performance on a consistent basis. For many employers, health insurance is often their largest expense after payroll.  The decision to fully insure, partially self-insure or completely self-insure are important funding options.  We regularly evaluate multiple funding arrangements to ensure our clients are purchasing benefits in the most efficient manner.  Regular reporting ensures this efficiency.

Deep and Creative Resources  Eastern Benefits Group not only provides underwriting analysis for our fully-insured and self-funded clients, we also have a proprietary Stop Loss underwriting unit. Our Managing General Underwriting (MGU) team underwrites and binds Stop Loss insurance for clients across the country.   Our MGU capability is a competitive advantage for clients looking at creative funding solutions, an exceptional resource for complicated risks or even medium sized clients looking to self-fund in the wake of the Affordable Care Act.

Data Analytics and Benchmarking  In addition to monthly reports, we provide data analytic and benchmarking tools.  With these tools we provide further analysis into each client’s utilization patterns and produce benchmarking data against employers of like size, industry and location. We also provide a year over year comparison of clients’ actual trends. We will explore the factors that drive utilization, including preventable expenses, and use this data to make powerful recommendations to reduce and control future health care costs.