BENEFITS CONSULTING SERVICES

There is a broad gap in offering benefit solutions. On one end of the spectrum it is possible to be ‘over consulted’ seeing little benefit from the extra time and money spent. The other end of the spectrum is being simply offered a benefit ‘plan or package’ which could be a cookie-cutter solution not offering the firm the best available options for their needs. Craford has always balanced this approach by offering the consulting our clients need…no more…no less…followed by solutions. Our services include:

• Planning and Strategy – annual planning sessions followed up with quarterly strategy and status meetings
• Renewal Strategy , Negotiations and Implementations – renewal analysis and reporting
• Financial Analysis and Underwriting
• Bid Solicitation Management
• Plan Implementation – Carrier coordination and Employee communications, open enrollment
• Actuarial Services - Health care spending is no longer solely in the realm of HR – the Chief Financial Officer and other members of the finance department are now taking an active role in managing this expense. We monitor budgets on a monthly basis and adjust accrual rates when necessary – not simply once a year.

In addition to continuous monitoring of the budget, we can also provide continual updating of the following:

• Year-end Incurred But Not Reported (IBNR) reserve estimates.
• FAS 106 actuarial valuation services for your retiree welfare plan through our partners