Aon | Professional Services Practice
Benefit Assessment Modeler
Identify Innovative Ways to Control Employee Benefit Costs Without Compromising Program Quality or Attractiveness
Aon’s propriety Benefit Assessment Modeler was designed to help employers looking to implement new cost-saving ideas across their benefits programs. Our modeler will identify several strategic saving opportunities and indicate the level of employee disruption for executing each idea. All our savings estimates are verified by our industry-leading actuarial experts and are based on actual aggregate client experiences. There are over 30 different cost-saving solutions within the tool.
Industry-Specific Analysis
The Benefit Assessment Modeler will highlight savings and program effectiveness strategies that have been implemented or evaluated by professional service firms.
Employee Perception Matters
Saving money on your benefits programs should be done in a way that minimizes disruption to your workforce. The Benefit Assessment Modeler is integrated with another Aon tool that uses proprietary data, advanced statistics, and machine learning to predict employee perception of medical plan offerings.
Customization
While we can run reports based on industry-adjusted averages, the most insightful reports will be the ones that are tailored to a firm’s actual plan costs. The following data points are required for this customized analysis:
- Total number of employees and equity partners (if applicable) enrolled in your medical plans
- Total annual health and welfare benefit budget, broken out by line of coverage (i.e., medical, prescription, dental, vision, life, disability). top loss and claims administration costs should also be provided for self-insured medical plans
- Firm subsidy by line of coverage
Next Steps
For more information about Aon’s Benefit Assessment Modeler, including a complimentary cost analysis, please send an email to [email protected] or reach out directly to one of the contacts shown below.
Contact
Mark Scarafone
Senior Vice President and Health & Benefits Leader
Radnor, PA
Jake Delman
Senior Consultant
Washington, DC
Aon is not a law firm or accounting firm and does not provide legal, financial or tax advice. Any commentary provided is based solely on Aon’s experience as insurance practitioners. We recommend that you consult with your own legal, financial and/or tax advisors on any commentary provided by Aon. The information contained on this webpage and the statements expressed are of a general nature and are not intended to address the circumstances of any particular individual or entity.