Strategies to Control Costs - Burnham Financial - Financial Solutions, Lake Placid, New York

Strategies to Control Costs

• Market Bid All Carriers

• Utilization Review and Benefit Redesign

• Pharmacy Benefits Management

• Defined Contribution Plans (Consumer Driven Health Care)

• Supplemental/Voluntary Plans

• High Deductible Self Funding Options

• Utilization of IRC Section 125

• Alternative Funding Arrangements

• Alternative Plan Design

• Negotiating Insurance Carrier Expense Factors

• State Subsidized Premium Assistance

• Wellness Sponsorship

• HR Support