Our Services

We provide services designed to enable us to work cooperatively with clients to meet their various goals and objectives. Our prestigious list of clients is always available upon request. Each one of our services can be delivered individually on a project basis or as part of our comprehensive annual consulting services contract.

The amount of time and effort associated with tracking and measuring the interactions of employees with their benefit programs can be staggering. Much the same way that Locey & Cahill has guided our clients through the complicated process of collecting RDS subsidy reimbursements, we also use our broad knowledge of the ACA to assist our clients and minimize any added cost associated with health care reform.

Health Insurance Consulting

We support our clients through all aspects of successfully managing their health insurance programs including but not limited to, benefit plan design, budget and rate development, assistance with the CMS-RDS Program, request for proposal processes and labor relations.

We also provide a suite of well-rounded general consulting services, all designed to ensure our clients are operating the most thoughtful and efficient benefit plans, including but not limited to:

• Initial analysis of overall plan operations keying in on the three (3) major component of benefit programs:
  • Administration
  • Funding
  • Benefits
• Financial analysis services including the development of budgets and rates. We also provide actuarial opinion statements concerning rates, budgets, and reserves.
• Benefit plan design analysis, presenting clients with ongoing advice and guidance in the development of a benefit plan formulated to be cost effective and not cost prohibitive.

Workers’ Compensation Consulting

As with our health insurance consulting services, we partner with our clients in the management and oversight of their workers’ compensation plan. We work diligently to ensure that our clients’ plans are not only in compliance with the workers’ compensation laws of New York State, but also that they are operating in a financially responsible and effective manner. Some of our workers’ compensation services include:

• Initial analysis of overall plan operations keying in on the three (3) major component of benefit programs:
  • Administration
  • Funding
  • Benefits
• Financial analysis services including the development of budgets and rates. We also provide actuarial opinion statements concerning rates, budgets, and reserves.

Quality Assurance Audits & Analysis

As with our consulting services, the audit division of Locey & Cahill is best in class namely in our work uncovering claims adjudication and management issues through a complex and proprietary auditing tool. It is our practice to review random claim samples, targeted claim samples, and large loss cases to ensure all are being handled appropriately. Our focus is making the claims adjudication process increasingly more efficient while also keenly focused on immediate recoveries. Quality assurance audits and analysis services include but are not limited to:

• Health insurance and workers’ compensation quality assurance audits that are customized to provide clients with a complete and thorough evaluation of the effectiveness of their claims administrator or insurance company.

Medicare Part D

Medicare Part D subsidy program services designed on a client specific basis to meet the needs of that particular client. The services of Locey & Cahill can be beneficial to all types of employers. We have customized our service contracts to allow for the flexibility needed to provide professional consulting services to groups ranging in size from less than one hundred to groups of tens of thousands.

At Locey & Cahill, we continue to look for ways to augment our services and assist both our current clients and prospective clients to best support them in their mission of providing quality benefit plans at the lowest cost possible.

Client Service Results

Locey & Cahill’s clients have some of the most efficient and low-cost plans available in the marketplace today. The success of these plans is a testament to the mutual hard work and trust shared between Locey & Cahill and our clients. Our advanced analytical tools ensure our clients have steady, modest increases in cost on an annual basis.

Our ability to track, analyze, and predict paid claims trends is unmatched in the industry.

With our guidance, our clients operate plans with average medical loss ratios (paid claims /premium) which range from a low of 94% to a high of 97%

Our clients have the assurance that their plans are financially efficient while maintaining a superior level of benefits.

Over the past 10 years, our clients have seen nearly $4 billion in hospital, medical, surgical, and pharmacy claims

With the support of Locey & Cahill’s forecasting and budgeting these clients saw a positive variance of actual cost coming in 1.24% below budget