Forecasting

If you take the results from an actuarily sound Cost Evaluator and look carefully into the customized "Trend" factors surrounding your population of benefits eligible employees and dependents and you can "forecast" future expenses more accurately. You can also inject some savings assumptions from one or several of the cost savings tools we have discussed in other text boxes under the "Cost Savings Tools" section of our web site. Admittadly this is an art rather than a science, because we are dealing with the health care buying paterns of human beings, but clients have been able to budget more accurately by using these techniques.