Core consulting tools accessed by account team members
This PowerPoint deck is released annually in early Q1, and also includes additional toolbox decks.
What is the strategic consulting guide?
A reserve calculation that provides projected claims that have been incurred by members but not paid yet by the plan.
What is an IBNR?
This deliverable is provided by account teams annually to clients to include in their open enrollment and new hire packets.
What are annual notice packets?
The new name of the Health Risk Solutions practice.
What is Precision Health Practice?
This group will assist when a client needs help with placement of employee benefit programs overseas.
What is the Global People Solutions team?
The name of Lockton’s most common web-based program that can benchmark a client’s plan compared to their peers.
What is Edge?
This tool, formerly known as Best in Market, analyzes savings of various networks and emerging strategies using carrier data and the clients’ geographic footprint.
What is Atlas?
The name of the practice within Lockton’s compliance team that focuses on federal and state legislative updates. This practice also meets with lawmakers to educate them on the employer perspective of benefits legislation.
What is Government Relations?
This group helps clients evaluate additional insurance options for highly compensated employees who may experience gaps in coverage in their group life and disability plans.
What is Executive Benefits?
This specialty group is responsible for updating client and plan information in BenefitPoint, reconciling commissions, and supports client teams with RFPs.
What is Benefits Solutions Group?
The tool that first starts as a questionnaire to key stakeholders in an organization, and then provides detailed reporting summarizing alignment in their employee benefit package regarding ideas and preferences.
What is IDEAL Profile?
The name of the tool that models a variety of stop loss level on a cost vs. predictive outcome and net impact basis.
What is Monte Carlo simulation?
This is where you can find bios of the attorneys and staff on the Lockton compliance team, as well as the map of coverage by Series.
What is Seismic (or, more specifically, the ERISA compliance Library in Seismic)?
The name of the practice that supports clients with at least 500 lives with their life, disability and absence management needs.
What is IAS (Integrated Absence Solutions)?
This consulting resource can be contacted when a client needs help reviewing investment options in their retirement plan.
What is Creative Planning?
The name of the series of PowerPoint presentations covering a wide variety of People Solutions topics which can be used to enhance client strategic discussions and/or for Associate and client training.
What is the People Solutions Consulting Library?
This is the name of the tool that determines the actuarial value of medical plan design changes.
What is Medlite?
This tool ensures that plans’ spend meets the requirements for the San Francisco health care security ordinance.
What is the San Francisco Health Care Security Ordinance Calculator?
The name of the Lockton group that supports clients and account teams with mergers and acquisitions.
What is PECAP?
This group can assist if a client has questions about benchmarking executive pay and writing new job descriptions.
What is the Compensation and Executive Pay practice?
The web-based interactive program to show financial savings and other benefit strategies weighting employee friction and employer ease of administration.
What is GPS (Group Plan Strategy)?
This tool demonstrates how the environment where people are born and live impacts a wide range of health, quality-of-life outcomes, and risk.
What is Social Determinants of Health?
This document combines an ERISA employer’s plan into one master plan for 5500 reporting purposes.
What is a wrap document?
The group who develops point solution toolkits and guidebooks, and manages the Short Lister tool.
What is the Insights and Innovation Lab?
These are three major services and programs run during the renewal process by the Complex Claims Specialty Practice.
Clinical oversite of complex large claims, monte carlo simulations, high cost claimant predictive modeling