Actuarial Services
Actuarial Services
What we do
Lockton’s Actuarial Services team works with a plan sponsor’s health plan to assist with rate setting and reserving, plan design and contribution modeling, network discount and access analysis, evaluation of stop loss levels and terms, and the projection of liabilities for retiree medical plans. For a plan sponsor’s pension plan, Lockton’s actuaries can assist with mergers and acquisitions due diligence, review plan assumptions, and provide assistance with plan design studies and employee communications.
Measuring expected cost differences
Arming you with data to make informed decisions about your employee benefits plan
Working with you, we develop actuarial models to help you measure the expected cost differences associated with variations in benefit plans. Actuarial models show a range of possible outcomes, allowing the employer to see best case, worst case, and most likely results for each alternative.
Variations within benefit plans:
The impact of health reform
Different types of medical delivery systems
Different provider networks
Fee schedules within similar system