Retiree Health Optimize your retiree health plans

Retiree Health consulting

We provide a full suite of Other Post-Employment Benefits (OPEB) actuarial and consulting services designed to assist our clients in managing their retiree health benefit programs. We quantify long-term retiree health liabilities, develop sustainable funding & plan designs, ensure compliance with complex accounting & regulatory rules, and support our clients in making informed, intelligent decisions. Our specific services include:

• OPEB Actuarial Valuations

  We prepare actuarial valuations that measure long-term costs and liabilities of retiree health benefits, using assumptions that reflect your group’s workforce and benefit structure. Our standard reports are easy to read and provide long-term projections which include the impact of any different benefits for future retirees. These valuations support budgeting, funding decisions, and long-term financial planning.

• Accounting Compliance

  We produce retiree health benefit plan disclosures that withstand audit review and meet current standards of the Financial Accounting Standards Board (FASB) as well as the Governmental Accounting Standards Board (GASB). These consist of disclosures for multiemployer sponsors under FASB ASC 965, corporate under FASB ASC 715-60, and public agencies under GASB No. 73/74/75. Our team works closely with finance staff and auditors to ensure accurate, timely, and transparent financial reporting.

• California Public Sector Services

  Our team has extensive experience in providing the actuarial services needed by California public agencies and have worked on a vast array of retiree health plan designs (including California Government Code Section 7507 certifications for benefit changes), funding vehicles, and benefit providers. Additionally, we are adept at CalPERS pension benefit consulting. Download our flyer for more information.

• Health Benefits Consulting

  We offer consulting on retiree health plan designs and alternative retiree health coverage options such as Medicare Advantage plans and Health Reimbursement Arrangements (HRA’s). This includes assisting with Retiree Drug Subsidy (RDS) and Employee Group Waiver Plans (EGWP’s) to obtain the maximum possible subsidies under Medicare Part D. We can also make presentations on OPEB risks, actuarial valuation results, and funding policies.

• Projections

  We project future annual retiree health benefit payments with alternative plan designs in terms of eligibility rules, benefit levels, and cost-sharing. For plans with prefunding assets, we also project future annual contributions and asset levels under a range of potential economic conditions (such as in the example graphs below).