Strategies

Incremental vs. Comprehensive Solutions 

Eighty percent of all companies experienced health care cost increases last year. The glimmer of good news is that twenty percent held their costs, meaning that there are ways to accomplish this seemingly impossible feat. Most companies have relied on traditional interventions and taken incremental steps such as increasing co-pays, deductibles and employee contributions. These remedies merely add temporary financial relief at the expense of employee perception and satisfaction. We want to work with you on a more comprehensive, long-term approach that re-thinks your entire benefits strategy and helps repair and improve the realities and perceptions of your plan. 

Attacking Benefit Costs on Multiple Fronts 

Our team approaches your benefits plan from several directions at once. Our initial analysis and any recommendations will include a thorough look at:

• Your company’s previous plans and performance
• Benefit cost objectives for the coming year and 3-5 year projections
• Your competition’s offerings
• New innovative services from carriers
• Wellness and disease management strategies
• Voluntary benefits to meet expanding employee interests
• Employee education programs
• Self-funding options
• Applicable compliance regulations
• Consumer funding options

By considering all these factors and more, our experts will work with you to create a comprehensive plan that is specific to your company’s needs. You will receive the highest possible benefit for your employees while staying within your budget. Our intention is to maximize the return on your benefits investment continuously, not for just the current year.

Wellness and Disease Management 

An excellent example of our comprehensive analysis is considering wellness and disease management programs. This is a proactive strategy with a double benefit of helping contain plan costs while promoting healthier lifestyles for your employees. Plan performance becomes more predictable and employees are more satisfied. Constant employee education and communication goes hand-in-hand with wellness management. Your Benefits solutions team will help you with this important function as well. 

A Process Yielding Results 

Lockton promotes a process that continues throughout the year and provides continuity and confidence across the years. It is this process that ensures that your plan is comprehensive and meets all your corporate objectives. It is this process that monitors performance and allows adjustments to meet market dynamics without surprise. 

The majority of health care costs are incurred by a minority of employees. Lockton Benefit Group will match a solution strategy to YOUR company's situation & objectives.