Predictive Modeling for Employee Benefits Programs
To offer your employees the best possible benefit coverage within your budget, BKS performs sensitivity analysis on a myriad of potential plan refinements. Using BKS predictive modeling and other proprietary processes, we can measure the financial impact of various scenarios including projected changes in enrollment and employee contributions for not only medical, but also Rx, HSA and HRA plans as well. It allows us to experiment with various design and contribution combinations until we find the one that is exactly the right fit for you.
BKS predictive modeling services outcomes include the following:
- Benefit design and evaluation of savings if changes are made
- Contribution strategies and cost sharing scenarios
- Enrollment migration cost scenarios upon change in plan offerings
