Issue
A municipality client facing several challenges approached CBIZ for assistance. Along with needing more robust employee communication support, the client was seeking a team specializing in healthcare innovation and actuarial expertise to assess their financial risks.
Solution
The CBIZ team provided the experience, proficiency, and solutions to resolve these issues by implementing the following strategies:
- Applied in-depth actuarial services to forecast plans and identify liabilities.
- Bid out all healthcare coverages to find the best employee rates.
- Provided one-on-one communication with the client’s employees to answer questions and resolve issues.
- Customized a comprehensive employee benefits guide for a more efficient open enrollment.
Outcome
The CBIZ actuarial team identified and resolved a $5 million liability by taking these steps. Our team also:
- Curated benchmarking and monthly dashboard reports to optimize the client’s healthcare spend.
- Increased understanding of Medicare Advantage and retiree coverage through enhanced employee education and training.
- Brought in new partners to help support vendor participation.
- Provided client with a comprehensive review of their disability contract.
| Company Information | |
|---|---|
| Industry | Municipality |
| Geographic Footprint | Midwest |
| Number of Employees | 1,000 |
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“CBIZ” is the brand name under which CBIZ CPAs P.C. and CBIZ, Inc. and its subsidiaries, including CBIZ Advisors, LLC, provide professional services. CBIZ CPAs P.C. and CBIZ, Inc. (and its subsidiaries) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. CBIZ CPAs P.C. is a licensed independent CPA firm that provides attest services to its clients. CBIZ, Inc. and its subsidiary entities provide tax, advisory, and consulting services to their clients. CBIZ, Inc. and its subsidiary entities are not licensed CPA firms and, therefore, cannot provide attest services.
