Disability & Absence Management

Disability & Absence Management

Overview

Disability & Absence Management

Disabilities impact both employers and employees, at once affecting the individual’s income security and the organization’s productivity.

Your employees are your most valuable asset. Their ability to earn an income is one of their biggest assets. Vertus has an in-depth understanding of often complex Disability & Absence Management programs gained from working with major insurance and consulting companies. Employers need a benefits partner that can help unravel these complexities and offer innovative options to help meet business objectives and increase employee engagement.

Disability & Absence Management

Vertus consultants take an evidence-based approach to help your company design a solution ensuring that employees’ incomes are protected in the event of a disability, while helping you maintain optimal workforce productivity. We work with your people to review current disability plans in order to find new ways to save time and money and to reduce employee absences. In addition to ensuring compliance with applicable laws, Vertus professionals will assist with plan administration, claim management, return-to-work programs, and the promotion of behaviors that can reduce future claims.

1. Plan design analysis

  • Benefits review and recommendations
  • Certificate review
  • Policy review
  • Structure

2. Financial review

  • Pricing review
  • Underwriting
  • Funding review
  • Reserves and buy-outs

3. Proposal development and marketing

4.Participation analysis

5. Claim audits

6. Benchmarking

7. Ongoing account management and reporting

Problem
Solution
21% reduction in medical costs
7% reduction in dental costs with improved access
No reduction in employee benefits
Enrollment platform audit and improvement