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CONF I DENT I A L │ PAGE 13
Joplin Schools RFQ – Group Benefit Broker/Consultants
NOVEMBER 2017
Distribute Open Enrollment communications
Finalize vendor implementations
Review vendor SBC’s renewal documents, etc.
Financial overview
DECEMBER 2017
Complete Open Enrollment
Review final contracts
Continued implementation
Financial overview
JANUARY 2018
Continue renewal implementation
Reserve valuation
Financial overview
FEBRUARY 2018
Review contracts and SPDs from carriers/vendors
Open Enrollment recap meeting
Present Final 2017 claims review, enrollment migration
Financial overview
FEBRUARY/ MARCH
2018
Present claim analysis and CBIZ analytic review
Evaluate funding adequacy
2019 pre-renewal strategy meeting
Annual stewardship meeting
Discuss strategies to mitigate increases
Financial overview
Funding Alternatives
Routine evaluation of risk is built into our scope of services. We will analyze a variety of funding options, ranging
from retrospectively funded or minimum premium, to self-funded and captive arrangements. This analysis is
performed in conjunction with CBIZ’s in-house actuarial team.
CBIZ has been working in the field of self-funded health and ancillary plans since the early 1980s. We are experts
regarding stop-loss contracts, plan designs and funding techniques that are conducive to cost containment without
alienating employees, multiple plans that increase flexibility and cutting-edge components of flexible benefit and
cafeteria plans. We have the tools and intellectual capital to monitor the performance of the plans, forecast
expenditures with consistent accuracy, identify areas for improvement with network discounts and administrative
services, and obtain aggressive pricing terms within the markets.
The team assigned to the District has experience in moving clients from fully insured to self-funded arrangements.
Many variables are taken into account including employer risk tolerance, cash reserves, reporting requirements,
regulatory considerations and flexibility.