Foster & Foster partners with organizations to provide quality health care benefits while controlling the cost. We do this through a strategic approach that addresses the causes behind health care cost increases in order to control premiums rather than pass costs on to employees. As an independent actuarial consulting firm, Foster & Foster works on its client’s behalf in finding the best benefits vendors for the client’s individual needs.

Foster & Foster provides health and welfare consulting services to active and postretirement welfare programs. Many of the services that we provide are listed below:

Actuarial Services

  • Annual actuarial report
  • Postretirement medical analysis and GASB 74/75 reporting
  • Contribution and self-pay rate calculations
  • Medicare Part D attestations and coordination with CMS
  • VEBA plan design and implementation
  • OPEB plan design

General Consulting Services

  • Benefits strategy development
  • Innovative benefit design improvements and cost analysis
  • Cost containment and funding analysis
  • Plan mergers and spinoffs
  • Wellness/health improvements strategies
  • Vendor bidding and analysis of proposals
  • Medicare plans
  • Stop loss
  • Emergency Medical Evacuation
  • Medical Travel
  • Utilization review
  • Dental
  • EAPs/MAPs
  • Vision
  • Trends in benefit design and legislation

Compliance Services

  • Affordable Care Act analysis, reporting, and impact reports
  • Preparation of plan documents
  • Review of current documents for compliance with government rules/regulations
  • Assistance with plan notices and disclosures
  • Application and implementation of plan provisions
  • Fund administration support
  • Claim review
  • Self-funded plan sponsor support

Communication Services

  • Personalized benefits statements
  • Summary plan descriptions
  • Summary of material modifications
  • Summary annual reports
  • Legislative changes
  • New hire and annual enrollment communications
  • Retiree communications
  • Health and welfare programs, including wellness, disease management, and health risk questionnaires