Benefit Summary and the Importance of being Accurate!

Key Benefit ConceptsAbout Us, Actuarial

Actuarial valuations of post-employment benefits are an important tool for your auditor to complete your financial statements and are required under specific GASB statements. In order for us to provide the most accurate valuation, it begins with the initial steps of the valuation process. The first step in preparing a proposal for a new post-employment valuation is confirming the benefit …

What is a Consultant?

Key Benefit ConceptsAbout Us, Services

In 2023, being a consultant implies that you are proficient in your field and are willing and able to guide and assist others in your area of expertise.  Many people call themselves consultants but may lack the knowledge, experience or ability to assist and guide others in an efficient and effective manner. We take that term seriously.  Being an actuarial …

Waukesha County Fair 2023!

Key Benefit ConceptsAbout Us, Standard

Waukesha County Fairgrounds KBC is only 10 Minutes from the city of Waukesha. Waukesha is home the Waukesha County Fair. This year the fair is taking place July 19-23, 2023. The fair grounds are located next to the Waukesha County Airport at the Waukesha Expo Grounds. Tickets are around $10 for Adults and there are admission bundles to save money. …

Health Savings Account Changes for 2024

Key Benefit ConceptsAbout Us, Actuarial

Health Savings Account Changes for 2024 Recently, the Internal Revenue Service released the 2024 health savings account (HSA) limits.  Below is a comparison of the current limits and the new limits for 2024.   2023 2024 HSA Contribution Limits Self-Only: $ 3,850 Family: $ 7,750 Self-Only: $ 4,150 Family: $ 8,300 For those age 55 or older: HSA catch-up contributions …

Ad’s are Important!

Key Benefit ConceptsAbout Us, Actuarial

When posting an Ad on a Social Media site or on the website/conference site we might be attending. It is important to find a theme. If it is a specific Holiday or if the conference is related to an event or style. Finding the right background is key. Wither the Ad is going to be bright or colorful or If …

Why Secure Website’s are Important?

Key Benefit ConceptsAbout Us, Services

The census data that KBC requests to prepare your valuation includes individually-identifiable information which is classified by HIPAA as protected health information (PHI).  KBC takes the security of your information and PHI very seriously, and we stress the importance of uploading any documents that contain, or may contain, PHI to our secure website.  At KBC, we use Citrix Sharefile which …

Social Media and it’s Importance to KBC in 2023!

Key Benefit ConceptsAbout Us, Actuarial

In today’s world things have changed quickly. The younger generations have turn to social media or computer sites to basically find their information. The information that is found on the sites will then allow the customer to help make a decision in what opportunities they want to pursue. KBC is trying to also keep up with the new ways of …

Safety Tips this Holiday Season 2022

Key Benefit ConceptsAbout Us, Actuarial

Christmas and Hanukkah are less than a month away!  As we pick up food and decorations for the festivities, we are also thinking of the perfect gifts for friends and family.  This year, in particular, we want to make the holidays special.  For that reason, we need to pay close attention to the gifts purchased or made for children.  Here …

 Implicit Rate Subsidy – What is it?

Key Benefit ConceptsAbout Us, Actuarial

Implicit rate subsidy is measured as the difference between an individual’s actual incurred costs for coverage (i.e., total incurred claims) and the premium rate charged to the individual for such coverage. In general, premium rates for a group plan are based on the total expected costs of all participants covered in the group. While, in most cases, each participant is …