Employers Gain Access to Affordable Actuarial Services for Navigating through Healthcare Reform

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Medcom introduces long awaited portfolio of actuarial services to complement its full line of fringe benefit administration and ERISA compliance consulting services

Brad Vernon, Health Actuary (FSA, MAAA)

Brad Vernon, Health Actuary (FSA, MAAA)

Due to the combined forces of escalating healthcare costs and the complexities of healthcare reform legislation, insurance brokers have asked for a deeper and more affordable set of analytical tools to help support their clients.

Beginning March 1, Medcom will begin offering a full portfolio of health and welfare actuarial services for employers. “The employee benefit brokers that we serve are the driving force behind our expansion into actuarial consulting,” said Michael J. Bracken, President of Medcom. “Due to the combined forces of escalating healthcare costs and the complexities of healthcare reform legislation, insurance brokers have asked for a deeper and more affordable set of analytical tools to help support their clients. Medcom is ideally positioned to provide affordable actuarial services for our partners in the employee benefits brokerage community.”

Medcom announced that it will offer a wide range of actuarial services, including the following:

  •     COBRA certification for HRAs and self-funded plans
  •     HRA plan design modeling
  •     Insurance renewal underwriting evaluations
  •     Review of health coverage financing options
  •     IBNR reserve calculations
  •     PPACA (healthcare reform) “pay or play” modeling

More information on these services is available at http://www.medcomcompliance.com.

“With increased interest in self-funding and a growing uncertainty about the impact of new healthcare legislation, benefit brokers and employers are seeking clear, reliable answers that will help them make sound business decisions,” noted Medcom’s Consulting Actuary, Brad Vernon. Vernon is a fellow of the Society of Actuaries (FSA) and a member of the American Academy of Actuaries (MAAA) with years of industry experience behind him. “We are offering a simplified menu of services specifically designed to provide mid-sized employers with the clarifying answers they are seeking,” he said.

Medcom will offer actuarial services through employee benefit brokers throughout the U.S. Tina Craft, who manages the Employee Benefits Department at Orlando-based Insurance Office of America, welcomes the new offerings from Medcom. “As IOA expands our employee benefit practice nationally and into the larger employer arena, having access to affordable actuarial services will enable us to support our clients in a more strategic manner. Working with a trusted partner like Medcom is a natural fit for us.”

For more information on Medcom’s actuarial services, visit http://www.medcomcompliance.com/ppc, email sales(at)emedcom(dot)net or call 1 (866) 961-8628.

About Medcom
Founded in 1983, Medcom is a leading fringe benefit plan administrator and ERISA compliance specialist for health and welfare plans. In addition to offering comprehensive actuarial and ERISA compliance services, Medcom administers tax advantaged programs such as Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), Dependent Care Assistance (DCAP) and parking and transit programs. Medcom also provides professional, full service COBRA administration. For more information, visit http://www.emedcom.net.

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Derek Ashton
Medcom
(904) 596-2274
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