Services

There is no "silver bullet" for high health care costs.

However, RSM McGladrey Retirement Resources actuaries can assist plan sponsors ensure that their healthcare programs are efficient in delivering benefits to participants as well as providing an equitable and competitive benefit with reasonable cost-sharing.

We also assist firms in defining their healthcare coverage philosophy, assess benefit level competitiveness, and determine reasonable and attainable financial targets.

It is critical to understand the current situation before strategizing about future changes. Once understood, we work with organizations to determine and outline the objective(s) of the program. In this way, one or more rational, defendable, and transparent plans-of-action emerge. Our actuaries then quantify the effects of these choices, fine-tune the program, and work with plan sponsors to implement and communicate the result.

Healthcare services provided by our actuarial group include:

• Strategic planning, including gap analysis
• Plan funding (fully insured or self–insurance)
• Actuarial active and retiree health plan design and actuarial pricing
• Actuarial plan cost projections and forecasts
• Actuarial pricing of proposed plan changes
• Self-insurance feasibility studies
• Participant contribution strategy and contribution calculations
• Cost containment program and vendor assessment

Related Links
Pension Protection Act
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Cost of living adjustments for the year 2007
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Articles
Roth 401(k) final regulations
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IRS issues additional Roth 401(k) and 403(b) guidance
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Deferred compensation plans face severe restrictions as a result of the American Jobs Creation Act
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News Release
RSM McGladrey Joins Organization Representing Independent 401(k) Plan Recordkeepers
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