Financial management of employee benefit plans requires a fiscal determination of employer funding capacity, taking into consideration management's objectives and long-term strategy for these programs.

Madison Benefits Group reviews each plan design and prepares a detailed summary of current financial arrangements, including:

• Detailed benchmark comparison of health and welfare plans
• Medical and prescription claim reports, with calculations of both variable and fixed plan costs
• Trended claims analysis for forward looking budgeting, including lag studies and calculation of IBNR
• Calculation of accounting accruals
• Benchmark and analysis of employee/employer contribution schedules
• Experience analysis of all life, AD&D and disability plans
• Implementation of Decision Master Warehouse claims analysis package that provides a detailed overview of plan costs, trends and anomalies
• Touch-of-a-button plan modeling allowing for medical plan cost comparison and plan design change impacts – "what if analysis"
• Break-out of disease-specific costs to develop targeted disease management solutions
• Detailed review of prescription program with recommendations for plan design modifications and rebate/discount management
• Re-evaluation of plan design "tiering" levels based on evaluation of actuarial difference among plan designs