Funding Models in Group Insurance: How One Company Saved $350K on the cost of their Group Benefits (Part 2)
Description
In Part 2 of this two-part series, Vita Talks host Gianna Ricciardi welcomes back John Cochrane, Founder of JD Consulting, for the conclusion of a deep dive into group insurance funding models and risk evaluation.
Building on the foundational conversation in Episode 11, this episode breaks down the real-world results of a comprehensive benefits audit for a 600-employee organization. The outcome? A $350,000 cost reduction, enhanced control over reserves, and a shift to a customized ASO (Administrative Services Only) model, without adding undue risk.
Hear how the client, previously on a refund accounting model for over two decades, was guided through a detailed analysis of historical claims, pooling levels, and risk tolerance. John explains how organizations can assess whether they're paying too much for too little flexibility—and how pooling levels, third-party administrators, and hybrid approaches all play a role in optimizing a benefits strategy.
The episode concludes with a clear takeaway: Every organization deserves a full understanding of its funding model options and the confidence to choose the one that aligns with its risk profile, size, and goals.
Who Should Listen?
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HR and finance professionals managing employee benefits
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Employers considering changes to their plan structure
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Advisors looking for deeper insights into funding model strategy
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Business leaders aiming to improve cost-efficiency without compromising employee experience
🎧 Listen to Part 2 now and revisit Part 1 for the full story.
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