Financial Underwriting
Financial Underwriting & Analysis
LHD’s team of Financial Analysts monitors your plan’s performance and provides annual actionable reports.
We use the same underwriting methodologies as insurance carries to develop renewal projections based on claims, enrollment, growth, adjustments, trends, fees, and plan changes.
Our tools model the impact of changes to the medical and prescription drug plans, allowing you to work toward a budget, mitigate increases, forecast the impact to employees, and determine cost share.
We use the largest and most comprehensive employee benefit plan tool for accurate benchmarking from 19,000 employers including geography, industry, and group size.
All expenses related to the benefit plan are assessed and the projected budget is updated with the final headcounts. Any ad hoc reporting is completed, and the preparation for the next renewal is underway.
“Everyone knows working for me it’s about the ROI. We set clear financial goals on our health insurance, and the LHD team helped us pull it together.”
