Area of Concern
Health, Long and Short Term Disability and 401k Plan Expenses in Excess of $15,000.
Once a carrier has been in place for several years, typically expenses begin to escalate quickly. A Bi-Annual review of the premium and contract provisions offered by the current carrier/provider is recommended. A comprehensive review should include the exploration of self-insuring. This ensures that the premium and provisions are still at or near the prevailing market rates.
Required for Review
Copies of current policy, carrier, renewal dates and rates for all policies.