Maintaining your commitment Many companies have capped their FASB 106 liability by incorporating payment limitations but are sensitive to maintaining benefits for retirees. Moving from a self-insured plan to a fully insured program is a strategy companies can use to retain retiree benefit programs without affecting benefits. Fully insured programs allow the employer to continue to fund at the same level without additional exposure. Choosing a standard Medicare Supplement or Medicare Advantage plan offers further opportunities to manage these costs. Additionally: Incorporating Medicare Supplement contracts also limits exposure as these plans pay only based on what Medicare pays and can be completely administered electronically (claims submission, adjudication and payment). By adopting a Medicare Advantage option, employers can take advantage of a reduced premium. Your company will be prepared for change with Sterling’s multiple-product platform because it allows you to select the degree of choice provided to your retirees. For multi-state employers, additional cost savings can be achieved by offering these plan options under a single insurer. Sterling knows that making changes can create anxiety with retirees. Our ability to match benefit structures and plan design is often the first step toward long-term plan management. Exit strategies Unfortunately, many employers are faced with the tough choice of eliminating coverage altogether. Sterling is unique in that our host of individual Medicare products can support a virtually seamless transition from group to individual coverage, providing a guaranteed renewable policy for the retiree.

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