Strategic Planning
CU Benefits helps employers manage risk
Many risk types and corresponding losses occur as a single event. For example, a flood, fire or earthquake are single event losses – low-frequency, high-cost loss events. In the realm of health benefits, similar types of losses occur as a sudden unforeseen onset of illness or injury’ resulting in a large high dollar claim.
Roughly two-thirds of benefit costs occur as high-frequency, low-cost events.
These large medical claims, like a flood or a fire, are also low-frequency, high-cost events. We believe these high-cost, low-frequency risks should be transferred – they should be insured. Roughly two-thirds of benefit costs occur as high-frequency, low-cost events. CU Benefits helps employers manage risk, resulting in lower overall health care costs.
For more information, download our Employee Benefits Strategic Plan white paper.
Free Whitepaper: 7 Secrets to Lower Your Employee Benefits Cost This Year
As organizations look at budgets each year, one area that will undoubtedly undergo intense scrutiny is the cost of employee benefits. It is a particularly difficult item to manage due to the increasing cost and utilization of health care, not to mention compliance burdens. HR and finance managers need to take a long-term view and commit to developing a multi-year strategy instead of relying on short-term tactics to contain employee benefits costs.
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