BenefitMAP

Historical Dashboard

BenefitMAP delivers an informed view of your benefits program’s performance.

Leveraging a deep pool of claims and exposure data across industries, companies of differing size, and geographies, BenefitMAP delivers an informed view of your benefits program’s performance against our portfolio.

BenefitMAP helps you determine historical cost and utilization trends, and make informed decisions based on projected expenditures and potential savings over the next five years.

Demographic Analysis

• Compare your experience with market benchmarks.
• Observe population distribution to explain variance in claims experience.
• Use dynamic filters to analyze specific portions of your member base.

Claims Analysis

• Demonstrate your claims experience.
• Show year-on-year changes.
• Show how particular claim types impact your experience.
• Breakdown claims utilization experience into frequency, per capita cost, and average cost.

Portfolio Benchmarking

• Benchmark and gain industry insight to help ensure the marketability and price appropriateness of all presented solutions.
• Compare yourself with our portfolio to gain valuable insights when designing your future employee health and benefits strategy.

Future Projections

Building on historical experience, BenefitMAP adds market trends, models future costs, and designs savings methodology through MMB proprietary algorithms.

BenefitMAP helps quantify cost-mitigation measures in projected future employee health and benefits spend.

BenefitMAP simulates a range of potential outcomes, including modelling the impact of medical inflation, budgetary decisions, and demographic and other changes to employee health and benefit costs now and into the future.

It also simulates a range of possible solutions to cost increases by quantifying the impact of various plan design feature changes, and to implementing cost mitigation initiatives relating to levels of contribution, health management, and carrier negotiations, among others.

Trend Factors

• Can trends we learned about in the claims benchmarking analysis be used for the next few years?
• What are government agencies and experts saying about movement in EH&B costs?
• What do we expect the loss ratio trend to be?
• What are your budgeting and talent management plans and needs?

Cost Projection

• BenefitMAP models the impact of medical inflation, demographic, and other changes against your budget for the next five years.
• We utilize your custom plan design in modelling, enabling you to view predicted costs and start thinking about potential savings tailored to your specific needs.

Cost Mitigation

• We use proprietary algorithms to model potential savings in plan design, program renegotiations, and in various other areas.
• We determine the quantitative impact of wellness programs.
• We help you understand and utilize cost savings levers tailored to your market to achieve desired business outcomes.