Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

DC / 401(k) Support Specialist
Actuarial Systems Corporation - ASC logo
Actuarial Systems Corporation - ASC
(CA / Telecommute)
Senior Actuarial Administrator
Group RHI logo
Group RHI
(Dallas TX / Houston TX / Telecommute)
Manager, Retirement Plan Documents
Transamerica logo
Transamerica
(Denver CO)
ESOP Consultant
Ascensus logo
Ascensus
(Atlanta GA / Telecommute)
Retirement Plan Administrator
Farmer & Betts, Inc. logo
Farmer & Betts, Inc.
(Tacoma WA / Littleton CO / Tualatin OR)
Project Manager Benefits Communication
BeneCom Associates logo
BeneCom Associates
(Acton MA / Telecommute)
Client Success Specialist
Ubiquity Retirement + Savings logo
Ubiquity Retirement + Savings
(AZ / CA / CO / FL / IL / KY / LA / MA / NC / NJ / NV / NY / OR / SC / WA / Telecommute)
Plan Document Specialist
Aimpoint Pension logo
Aimpoint Pension
(Pompano Beach FL / Telecommute)
Defined Contribution Plan Administrator
The MandMarblestone Group, llc logo
The MandMarblestone Group, llc
(Philadelphia PA / Telecommute)
Retirement Plan Administrator
Group RHI logo
Group RHI
(Dallas TX / Houston TX / Telecommute)
Retirement Plan Administration Consultant
TSC logo
TSC
(Edina MN / Telecommute)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook

By Date   |   By Company Name


View More Press Releases by Cowden Associates, Inc.

Press release:

Cowden Associates, Inc. Launches "Retirement ComprehensiveCast" Services

Issued by: Cowden Associates, Inc.

Date: July 7, 2015

PITTSBURGH, June 29, 2015 — Pittsburgh-based Cowden Associates, Inc., (“Cowden”) the leading independent actuarial, compensation and employee benefits consulting firm in the tri-state region has launched Retirement ComprehensiveCast, a service that will assist employers with guiding current retirees and future retirees (current employees who will retire in the near term) through the complicated world of retiree medical and Social Security optimization strategies.

The Retirement ComprehensiveCast portrays customized estimated “all-in” retiree medical costs, an overview of benefit plan options available and Social Security optimization strategies, in a holistic approach to assist in achieving financial stability in retirement.

The deliverable is developed through responses to limited demographic information such as age, gender, health, income range and state of residence (in retirement) that creates a personalized expense report which includes:

  • Medical Expense Projections: “What if” scenarios are developed based on longevity projections, allowing employees to see the cost differences in the options they have selected for:
    • Health insurance cost calculations, including premiums and out-of-pocket costs
      • Medicare Part A (hospital), Part B (doctor visits and tests)
      • Medicare Part D (prescriptions)
      • Medigap or Medicare Advantage (supplemental insurance)
Cowden President and CEO, Elliot Dinkin says, “We believe that actuarial-based retirement health care cost data, customized for each client, is the most powerful starting point for client conversations about planning for these costs. Saving for health care may not have been the goal that most had in mind when they first began planning for retirement, but given expected health care costs in retirement, health care costs need to be among their top priorities.”

A sophisticated, data-based approach to planning for retirement health care costs is a win-win for both employees and employers. Cowden believes that a health care cost savings strategy should be a foundational component of retirement planning. The company’s methodology initiates conversations that ultimately lead to retirement income optimization.

About Cowden Associates, Inc.
Cowden Associates, Inc. is a Pittsburgh-based consulting and actuarial firm. We have a dedicated team of professionals with extensive experience in benefits, retirement programs, compensation, employee communications, benefits enrollment, actuarial and technology services. Using a total compensation based approach, Cowden provides a full range of consulting services helping clients establish and maintain high quality compensation and benefit programs aligning organizations’ business strategies and objectives. Cowden is a charter partner of United Benefit Advisors (UBA), the nation’s leading independent employee benefits advisory organization.

BL:hh

View More Press Releases by Cowden Associates, Inc.


This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2020 BenefitsLink.com, Inc.