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Estimate the Savings

What are Experience Rated Refunds?

Experience Rated Refunds are the plan dollars remaining after plan expenses and claims. These dollars are made available to the plan for reinvestment. The Plan Fiduciary can choose how to reinvest these dollars, within permissable areas, to support overall benefit objectives:
  • Lower the plan cost  - employees pay less
  • Raise the benefit payments - more dollars towards paying claims
  • Reinvest in additional, value-add benefit programs for employees 
  • Pay permissable plan expenses like consulting, administration, etc.
 
Regardless of your decision, the dollars always go back to employees' benefits, where they belong.   ​

Ideas on how to use Experience Rated Refunds

Now more than ever, employers are challenged to do more with less. Too often, budget limitations override highly valuable benefit enhancements that can truly make a difference for employees and their families. This is why at Employees First, we are delighted our program could potentially help solve this dilemma, at least in part. Click below for ideas that could be game-changing enhancements to your benefit offerings...

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