Start by reviewing the current plan options $($Appendix A darr $).$ This document is typically provided to employees when they start employment and$/$or during open enrollment. It provides details of the current benefits package and its cost to the employee. We reviewed this in week $10\text{'}$s live class. much the insurance company has paid in claims. Analyze the cost of the premiums $($this is the amount that the employer pays to cover the employees. This includes what is deducted from the employee's paycheck AND the employer's portion$).$ Analyze the claims $($this is the cost the insurance company has paid$).$ Compare the premiums to the claims. Insurance companies aim to have an $80\%$ ratio $($the remaining $20\%$ is used for administrative and overhead costs$).$ The higher this ratio, the more the insurance company charges. Enrollment Calculator darr $)$ will help you calculate the cost to the employees and the cost to the employer $($note: the information in the calculator will need to be updated with information from your organization$).$

Prepare a presentation of your recommendation for senior leadership. The overall recommendation should include:

Changes to health plans $($medical$,$ dental, vision$)$ with rationale

Changes in cost to the employee $($include an anticipated response by employees$)$

Changes in cost to the employer $($supported with rationale$)$

Any other recommendations that may arise $($utilize your work from week $10.)$

How you will communicate these changes to employees