ROSEN VALUE INSIGHTS
Maximizing Health Plan and Broker Value
With increased fiduciary scrutiny on plan sponsors, employers can no longer take benefits costs—or broker compensation—on faith.
The Rosen Value Insights (RVI) solution equips you with benchmarks, an objective analysis, and recommendations on your health plan and broker. Our work is driven by unique data and more than 30 years of industry experience.
HOW WE WORK
Assessing and Enhancing Health Benefits Value
Our Rosen Value Insights (RVI) solution is an expert, conflict-free and fiduciary-aligned evaluation of your health benefits and broker. If the value you are receiving is in line with the market, you have peace of mind. If not, we offer solutions that will deliver the value you deserve.
ANALYSIS
Independent, Objective Evaluation
Step 1. Identify Obvious Risks
Our process starts with a top-level benchmark analysis of your health plan Premium Per Participant (PPP) and total broker Compensation Per Employee (CPE) as the primary preliminary indicators of whether further discussion of plans or vendor selection is warranted.
Step 2. Brief Online Review
If benchmarks are above average, or there are other indicators of fiduciary risk, we get together for a brief online meeting to review your current plans and costs, carrier and broker relationships, and how you evaluate plan costs and broker compensation.
We conduct a summary review of broker compensation by comparing ERISA form 5500 to your broker’s annual compensation disclosure.
Step 3. Detailed Evaluation (If Warranted)
If the initial review uncovers issues or concerns, we conduct a detailed evaluation of your employee benefits plans, costs, carriers and brokers, and processes with regard to fiduciary oversight.
Step 4. Solutions for Control and Confidence
Based on the evaluation, we deliver specific solutions that will put you in control and give you confidence that you are getting the value you deserve from your benefits plans and broker relationship and that your processes support prudent fiduciary oversight.