Are You Looking for a New Valuation in 2022? Let’s get Started!

Key Benefit Concepts About Us, Actuarial

It’s 2022 and KBC is here to help you! If you are looking for a proposal for a post-employment valuation, you have come to the right place! When it comes time to obtain a post-employment valuation proposal, the process can sometimes become overwhelming. However, Key Benefit Concepts has a process that will help ease “the pain” of the process in …

Staying Active, Healthy and Well

Key Benefit Concepts About Us, Services

Key Benefit Concepts (KBC) is an actuarial and employee benefit consulting firm who has designed personalized benefit programs relating to wellness for our clients.  When addressing employee benefits, wellness is an important factor to an overall comprehensive benefit program.  Healthy employees are typically more focused, conscientious and hard-working. So, at KBC we practice what we preach!   Our program is referred …

Conference Opportunities in 2022

Key Benefit Concepts About Us, Conferences

The impact of COVID-19 led to the cancellation of most in-person conferences in 2020 and many so far in 2021. We hope in 2022, more conferences will open up to in-person.  Key Benefit Concepts (KBC) enjoys being affiliate members of many government employer associations.  We look forward to sponsoring, attending, speaking and most of all having a booth at conferences …

Decrement Rate Assumptions – What are They?

Key Benefit Concepts About Us, Services

Decrements are events that cause an employee to no longer be employed with you. This could include death, termination, disability, and retirement. Your OPEB valuation reflects the possibilities of each of these decrements through decrement rate assumptions. Towards the end of your report, in a section we title the “Technical Appendix”, you can find details of the decrement assumptions. They …

Are You HIPAA Complaint? If Not, Do you Know Where to Begin?

Key Benefit Concepts About Us, Actuarial

Most of you know the importance of HIPAA compliance. If you are not compliant and an audit occurs, it can be very costly and determinantal to your company. Sometimes it is a struggle making sure everything is compliant and if it is not, you may not know where to begin. That’s where Key Benefit Concepts can help! Key Benefit Concepts …

Social Media and KBC

Key Benefit Concepts About Us, Services

Importance of Social Media In today’s world, the wide array and popularity of media mediums are everchanging at a rapid pace. Social media is becoming more prevalent each year, and is becoming a more popular space for daily news intake and ad experience. Accessibility to services and communication with existing and potential customers have never been more direct, as all …

Importance of an Accurate Benefit Summary

Key Benefit Concepts About 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 …

Service with a Smile

Key Benefit Concepts About Us, Services

Are there certain people in your work life where each call you make to them seems to go directly to voicemail, and then you’re stuck waiting for a call back?  This can be extremely frustrating, which is why there’s no need to worry about that with KBC.  During office hours, someone is routinely available to answer the phone.  Even if …

Going to a Conference? Look for KBC!

Key Benefit Concepts About Us, Conferences

The impact of COVID-19 led to the cancellation of most in-person conferences in 2020 and many so far in 2021.  Key Benefit Concepts (KBC) enjoys being affiliate members of many government employer associations.  We look forward to sponsoring, attending, speaking and most of all having a booth at conferences throughout the United States.  Why?  Because we get an opportunity to …