Underwriting Support
At Yates, we are here to help you manage all aspects of your employee benefit program and while we do not have underwriters directly on staff, we do have a team of professionals who have completed advanced underwriting training and possess extensive knowledge in the underwriting field. Our team brings valuable carrier experience, having worked with both fully insured and self-insured medical plans, allowing us to provide in-depth insights and support. With our support, you will be able to optimize your plan design, manage costs, and reduce risk in today’s ever-changing benefits landscape.
Claims Analysis and Forecasting
We will review and analyze past claims to help predict future spend and utilization. This will allow us to identify areas of opportunity for cost containment. Yates will review plan options and help model plan design that outlines coverage changes as it relates to cost savings. Pricing and Plan Design Assessing financial risk is a critical piece of benefits program management. We will conduct a thorough risk analysis through our reporting capabilities to determine the financial impacts of high-cost claimants and how it relates to Stop Loss for clients that are or are considering self-funding. Risk Assessment and Management For self-funded clients, we will create cost projections for the upcoming plan year and work with our client to set a realistic budget for the upcoming plan year. Cost Projections and Budgeting
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