Employee Benefits – Applying TF Managed Risk ™

With increasing pressure on healthcare resources and steadily escalating costs, corporate financial officers and HR managers face a daunting challenge: how to keep attracting and retaining top talent with a program of competitive benefits – and how to keep it affordable. For the company. For employees and their dependents.

In fact, reining in healthcare costs is a matter of such immediate urgency that in a recent survey of benefit managers it ranked not only first, but dwarfed any other single issue, including compensation.

No one has a template solution – but we do have answers.

For clients of all sizes across a diverse range of industries, we're helping to solve the benefits-costs equation through a systematic application of TF Managed Risk principles. Central to our approach is one often-overlooked key: better information. Better claims data. Better trend analysis. Better communications and education.

It's a measurable fact that well-informed plan participants make more cost-effective decisions – at the pharmacy, in the physician's office and in the middle of the night when an emergency arises. The biggest driver of unnecessary costs in a health plan is poor use of the plan itself. And long before the trend toward consumer-driven health plans, we were showing that with the right balance of structured incentives and web-based communications programs, employees can be your best – even your most enthusiastic – agents of cost control.

In short, it's vital for employees to feel they "own" the plan. Then everyone benefits.

The process of TF Managed Risk for benefit-plan design begins with:

• Detailed analysis of the current plan and all claims data.
• Development of a comprehensive strategic plan that defines objectives.
• An action plan to implement and measure each step.
• Utilization of our proprietary Health Plan and Claims Analysis software.
• Benchmarking of plans and premiums to local, national and industry norms.
• Design of a customized benefit plan that fits your specific objectives.
• Consistent and proactive client commitment:
  • Contact:  Regular meetings to ensure carriers, coverage and costs are meeting expectations.
  • Education:  Conducting employee meetings; provision of custom communication materials for workers.
  • Advocacy:  Bringing an unbiased perspective to all situations - with no allegiance to any specific carrier or vendor.
  • Information:  Utilizing our insight and expertise to negotiate the most comprehensive, competitive benefits programs; knowing where to find the answers to any of your insurance, employee benefits and human resources questions.

Of particular importance to HR managers and financial officers, TF's national and global affiliations translate into a comprehensive range of custom services:

• Proprietary claims and plan analysis software.
• Expertise in Consumer Driven Health Plans, including
  HRA's, HSA's and FSA's.
• Assistance with Cobra regulations, HIPAA, FMLA other mandates.
• Wellness programs.
• Customized health risk assessment and cost containment programs.
• Comprehensive communications strategies and implementation.
• Voluntary benefit programs including Life, Disability, Dental and Vision.
• Self-service on-line enrollment.
• Web communications.
• Proprietary arrangements with leading pharmacy managers.

For more details on TF Managed Risk, please Contact Us.