Our concentrated market volume and our technically sound approach to benefits management gives us leveraged purchasing power and provides you an unparalleled advantage with leading benefits vendors.
If you're like most employers, the word "renewal" is synonymous with "increase" and "pain." It's that dreaded time of the year when the sleeves get rolled up and the pencils get sharpened. The time of year that is weighing you down just weeks before you launch open enrollment.
Compare that anxiety to the experience of working with Trion. No one else works 120 days out to help you tackle your renewals. As part of the Trion client community, you'll see your renewal process transformed into a streamlined, easy experience, one that benefits from your team's expertise and our proven management model.
Trion's proactive renewal model and process is led by industry-leading actuaries and underwriters who work to evaluate your specific plan and financial needs to advocate the best possible pricing on your behalf. The model is then leveraged in vendor negotiation and competitive bidding and the process isn't complete until Trion has helped you manage the implementation and communication of the plan. Renewals are only once a year, but Trion's support is constant.
Vendor Management
Implementation management includes making sure the vendors live up to their proposals—and your expectations—in the start-up and the ongoing administration and management of the benefit programs.
Our team will work closely with you and your vendors to ensure the benefit components we developed and negotiated are accurately reflected in the vendors' operating documents. Our team will also finalize measurement systems for the performance guarantees and management reporting schedules to be sure we can effectively monitor and analyze future plan performance.
Competitive Bidding
We believe that the best approach to vendor selection involves evaluating your specific needs in order to develop custom solutions. The process used in vendor selection includes prioritization of selection criteria, identification of target vendors, proposal analysis, and vendor negotiations. Due to our volume of business with the major health care insurers and vendors, we possess unmatched ability to help you get the best competitive proposals to compare with your incumbent renewals.
Employee Contribution Modeling
Once final benefit rates have been determined, we'll develop an employee contribution strategy that takes into account the financial needs of your business and your employees - and balances the demands of recruitment and retention with your bottom line. After a contribution approach is selected, we will help you finalize the employee contribution rates by plan and tier of coverage, and provide final plan year budget documents and presentations for your senior management team.