As health care costs continue to rise year over year, more employers are seeking out innovative ways to mitigate employee benefits expenses in order to maintain their bottom line. However, the increasingly competitive talent market necessitates the use of creative cost-containment strategies that won’t negatively impact the quality of your offerings.
Enter CBIZ Actuarial Consulting Services. Our team of actuarial experts has extensive experience striking this balance. Through the application of financial and mathematical models, we’re prepared to help you optimize your risk alternatives, identify the factors driving your health plan costs and offer smart cost-containment strategies tailored to your specific needs.
What Does an Actuary Do?
Before we dive into what sets CBIZ Actuarial Services apart, we want to address a common question we often receive: What does an actuary do?
Ultimately, an actuary’s job is to analyze the financial costs of risk and uncertainty. In fact, actuaries specialize in risk. They bring with them deep industry knowledge, business acumen and strong analytical skills, all of which come together to help organizations understand the risk of potential events and minimize the cost associated with those risks.
Actuarial Services to Control Benefits Costs & Maximize Your Employees’ Wellbeing
Our Actuarial Consulting Services team, led by Dave Rubadue, FSA, MAAA, CLU, National Director of Health Care Actuarial Services, offers a variety of services and solutions intended to help employers control benefits costs while maximizing their employees’ wellbeing.
By applying methodologies that follow the standards enacted by the American Academy of Actuaries, our team makes data-driven decisions to help your organization successfully manage your employee benefits program, achieve sustainable growth and profit, improve health care coverage for your employees and maintain compliance.
We leverage sophisticated data analytics and a deep understanding of the health care industry to perform statistical and financial analyses, offer growth-oriented solutions, provide compliance recommendations and deliver pricing and product development guidance.
CBIZ Actuarial Services