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 Stephen P. Locey
President & CEO


Stephen Locey has more than eighteen years of experience in the employee benefits industry.
He has expert knowledge in the formation and operation of all types of insured, self-insured, and alternately funded employee benefit plans.  
Mr. Locey holds Locey & Cahill, LLC's New York State Insurance Consultant's License.


Mr. Locey's work experience includes six years with a large insurance carrier (Blue Cross Blue Shield of Central New York), five years with a 
medium sized regional consulting firm (KBM Management, Inc.), and more than five years as one of the principles in Locey & Cahill, LLC.  Some of his key 
accomplishments, prior to the inception of Locey & Cahill, LLC, include the development of an actuarial forecasting methodology that has been widely
 accepted by both administrators and insurers, the development of reserve and rate models that have been accepted by the New York State Insurance
 Department as "actuarially sound," and many successful labor relation resolutions through both the negotiation process, as well as the litigation/arbitration
 process.  
Specifically, where Mr. Locey has been called to testify as an expert witness, in two separate and highly volatile situations, due in large part to 
his expert testimony, the parties who called Mr. Locey have been successful. These cases involved the unilateral changing of a prescription drug 
administrator/insurer, as well as the imposition of a benefit design change in a fully insured arena.


Since the formation of Locey & Cahill, LLC, Mr. Locey is responsible for many key accomplishments. A sample of these are as follows:



The successful design and implementation of a new network-based plan design for the County of Sullivan that has 
achieved a 30% rate reduction from the prior indemnity plan.

The successful conversion of the Madison-Oneida-Herkimer Health Insurance Consortium from a self insured plan that had serious
 compliance issues involved with Article 47 of the New York State Insurance Laws, to a quasi-self-funded minimum premium-insured product that is 
not subject to Article 47.  

The successful development of a budgeting and rating tool that has allowed our clients to establish preliminary rates as far as nine months 
prior to the start of a given Plan Year.  

The development of an experience rating methodology that has been successfully used many times to contest and restructure insurance company
 renewal requests.




Mr. Locey has developed his technical and actuarial abilities through the aforementioned work experience, as well as through his
 undergraduate academic experience as a mathematics and statistics major at Slippery Rock University of Pennsylvania.  Mr. Locey is married with
 two daughters and is a lifelong resident of Syracuse, NY.
 Mr. Locey can be reached at the office phone number, (315)425-1424 or by email at  slocey@loceycahill.com

 
 

    
 Martin J. Cahill
Executive Vice President & CFO

Martin Cahill has more than sixteen years of experience in both the financial services and employee benefits industry.  Mr. Cahill's academic 
experience began with his studies as an economics major at St. Bonaventure University.  He then went on to earn a Master of Business Administration Degree 
with concentrations in both Accounting and Finance.
While working first as a Financial Analyst and then as a Divisional Financial Controller in New York City's Financial Services Industry, 
Mr. Cahill's accomplishments included the construction of a software program used to forecast divisional, contractual, and real estate expenses and the
 development of an automated budget preparation system that was used as a prototype to standardize Dean Witter's corporate budget process.  As the result 
of the corporate wide effect of Mr. Cahill's accomplishments, he was recognized by senior management in the form of an unprecedented promotion to the level 
of Corporate Officer status after only three years.
After eight years at Dean Witter, Mr. Cahill left to manage the actuarial/financial department of an employee benefits consulting firm.  While
 there he worked closely with Mr. Locey on the development of a statistically and actuarially sound automated medical benefits forecasting tool.  He was also
 responsible for the development of an advanced Workers' Compensation rate promulgation system and the design of a client oriented standardized reporting
 package.
Since the inception of Locey & Cahill, LLC, Mr. Cahill is responsible for many key accomplishments. A sample of these are as follows:


The successful design and implementation of a new managed care health insurance program for Onondaga County that utilized a management and labor 
committee who played a key role in the entire development, evaluation and,  most importantly, the educational component of the new program.
The coordination of a competitive, direct Stop-Loss Insurance RFP which reduced the St. Lawrence-Lewis Health Plan's excess insurance expenses by
 more than 20%. 
The successful conversion of the Herkimer County BOCES Health Insurance Plan from a fully insured, experience-rated plan to a minimum premium-insured
 product that resulted in premium reductions from 3 to 9%, depending on the district for the 1997/98 Plan Year.
The publication of "The Small Business Managers Guide to the Upstate New York Health Insurance Marketplace."  This comprehensive analysis of both the
 traditional as well as the managed care marketplace was widely accepted and frequently quoted through local media outlets.

Mr. Cahill is the father of a five-year-old son and resides in Syracuse, New York.
Mr. Cahill can be reached at the office phone number, (315)425-1424 or by email at   mcahill@loceycahill.com

 
 
  

   

    

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