How We Work
Schloss Health & Benefits uses Dynamic Planning as a best practice.
Since all employers are unique, the first step for an advisor is to listen and to learn. Ultimately it is important to know how everything in the health and benefits ecosystem best works together. Dynamic Planning recognizes that there will be ongoing change and that being flexible and proactive is a best business practice.
Elements of Dynamic Planning include:
Discovery of all coverage, financial, compliance, demographics, administration and other data elements
Understand how unique elements impact each other and best work together
Understand the internal, external, and market environment
Collaborate with stakeholders, experts and the market to determine objectives and key elements for the plan
Develop a strategy that meets clients goals, objectives and considers change going forward
Advisor conducts a final cost, coverage and administrative impact analysis before implementation
Modify the plan based upon impact analysis and testing before final approval
Program execution is planned before tactical implementation begins
Implementation has a plan including time line, tasks and responsibilities
Stewardship is conducted in recognition of evergreen planning due to constant change
Dynamic Planning
is a best practice methodology before jumping to solutions. Planning Parameters:
Internal: Your specific history, wants, needs, values, culture, concerns, goals and objectives
The Market: What is available?, what is typical?, consider what’s new different and better?
External: Compliance, administrative restrictions, cost
Proprietary Solutions
Dynamic Financial Scoring: The financial solutions developed by Steven J. Schloss is an “evergreen” financial scoring calculator. Once the data is gathered and loaded, it enables benchmarking of specific plan elements (fixed and variable), rate modeling, plan change modeling and financial due diligence. This is a better, faster, less expensive approach to financial strategic planning and documentation of employers fiduciary responsibilities in plan development, rate relativity, plan values, budgeting contributions and expenses associated with the plan. A time saver and secret weapon for any CFO.