A. Methodology & Benchmarking: Advise and assist the County in creating comprehensive, data-driven benefits strategies that are versatile and agile. Ensure the County remains competitive among local and regional peers as listed below. Recommend changes based on national, regional, and local benefit market trends to ensure the comprehensive benefits programs support the County’s total compensation strategy and goals. This includes providing annual benchmarking and benefits comparisons with the County’s established competitive markets, plan utilization, claims data, and wellness program data, as well as assessing overall program design and identifying suitable trends and benchmarks for consideration. B. Plan Design & Budget: Evaluate and review existing benefit plans for recommendations that enhance benefit options. Assist the County in developing premium models and propose changes in benefit design and premium contribution cost to support the long-term benefit strategy. Provide recommendations for establishing annual premium equivalency rates. Present alternative plan design considerations and associated cost based on identified objectives. Provide fiscal year and plan year forecasts for multi-year strategic budget to set and maintain financial policy limits...
