Benefits strategy. A three to five year plan for your benefits.

Your benefits are likely one of your company's largest costs, and most plans are run one renewal at a time. Ethos Benefits builds a three to five year strategy with your leadership: what the plan must do for your people and your budget, the plan design and vendor direction to get there, and targets your committee reviews every quarter.

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What you get.

Most benefits decisions are made under deadline, at renewal, with whatever options arrive. A strategy decides the direction first, so each renewal moves the plan toward it.

The Ethos MethodFive phases that take your plan apart before anything is changed: Risk Reality, Anatomy of a Plan, Invisible Invoice, Ground Truth and the Fiduciary Framework™.
Goals for the planWhat the plan has to do for your people and for your budget, agreed by your leadership and committee.
Plan designCoverage, cost sharing and contributions designed for your workforce, tested against benchmarks and modeled before they change.
Vendor and structure directionWhich parts of the plan to keep, renegotiate, unbundle or replace over the next three to five years.
Targets and quarterly reviewsKPIs and targets your committee tracks every quarter under the Fiduciary Framework™.

What the strategy covers.

The plan’s purpose: what it must do to attract and keep your people, and what it can cost.
Plan design: coverage, cost sharing and contributions by employee group.
Structure: fully insured, level-funded or self-funded, and bundled or unbundled vendors.
Vendors: which to keep, renegotiate or replace, and when.
Cost drivers: what claims analytics shows is driving cost, and what to do about it.

How it is built.

Every strategy starts with the Ethos Method: five phases that teach your team about your own plan before anything changes. The result becomes the three to five year plan in your Fiduciary Framework™.

Part of your Fiduciary Framework™.

Every Ethos service reports to your benefits committee. The work is reviewed at your quarterly committee meeting, each decision is recorded with the reasoning behind it, and the record lives in your Ethos Fiduciary OS. That is what lets your committee show the plan was run prudently.

See the Fiduciary Framework™ · How fiduciary governance works

Questions employers ask about this.

How is this different from a renewal?

A renewal is one decision about next year. A strategy is the multi-year direction each renewal is measured against, with goals and targets that carry from year to year.

Who is involved?

Your leadership sets the goals, your benefits committee owns the plan and reviews progress, and Ethos builds it, reports against it and keeps the record.

How long does it take to build?

The strategy comes out of the five phases of the Ethos Method and is finalized with your committee. It is then reviewed every quarter and updated at each renewal.

See what your plan is really costing you.

A Strategic Analysis starts with your plan documents and your broker agreement, then shows you what your plan costs, where the risk sits, and what a committee would decide with the full picture.

Request a Strategic Analysis Call (407) 803-4710