Innovative Advisors with Uncommon Strategies


Scope of Services

Cambridge Benefit Solutions directly manages a book of business of 90+ companies, with over 8,000 members, with annual premiums in excess of $17 million. CBS provides a wide range of services customized to meet the needs of clients of all sizes.  

Consultation and Solutions

We are committed to delivering tailored benefit solutions with thoughtful strategic planning, valuable professional services, and technology-based solutions to save businesses time and money.  

Benefit Program Evaluation

The CBS approach to evaluating an employee benefit program and developing a strategic plan involves several important steps. Depending on anticipated cost adjustments, market trends, carrier satisfaction, and other factors, the overall process could involve one or many of the following:  

  • Assessment of Current Program
  • Benefit Administration Meeting
  • Employee Survey
  • Definition of Goals, Costs, and Benefit Objectives
  • Request for Proposal (RFP)
  • RFP Analysis and Recommendation

Renewal Strategies

Renewal is a key time for your employee benefit program, with plans and rates being set for the entire plan year. Through non-traditional strategies, CBS works to find you the best options and lowest renewal rates, and present them in a manner that will help you make an educated decision. Whenever possible, we work with carrier underwriters to negotiate rates. We know every percentage in rate reduction is a success that will save the employer and the employees money all year long.   

  • Cost Projections
  • Quote Presentation
  • Underwriting Negotiations
  • Multi-Year Rate Locks and Multi-Line Discounts
  • Market Checks
  • Guaranteed Premium Savings
  • Mid-Year Reviews

R3 Renewal Rate Reduction Negotiation Strategy

When faced with a 15-25% renewal rate, many employers and brokers believe the only way to impact the bottom line is by reducing benefits to a lower value plan. The team at CBS has many alternative health plan strategies that can help offset the trend of high renewal rate increases. Implementing our R3 strategies, companies can expect to reduce costs by 7-12%.  

Strategic Planning and Reporting Tools

Depending on group size and carrier claims data history, CBS can provide reports useful for bench-marking, strategic planning, and claims management. Monitoring plan performance is NOT a once-a-year exercise to prepare for renewal! Analyzing plan performance throughout the year is one of the best ways to contain costs. Many of these valuable reports are available at no cost, while other are available at reduced fees through our vendors.  

Scope of Services


Corporate Objective Review

  • Establish objectives 
  • Review quantitative data 
  • Develop comprehensive strategies 
  • Implement action plans Monitor results 

Plan Design and Analysis

  • Medical, dental, vision, life, and disability plans 
  • Traditional, managed care, narrow networks 
  • Consumer driven health plans (HSA, HRA, Gap) 
  • Flex benefits Voluntary benefits  

Industry Health Plan Purchasing Groups

Modified self-funded plans with preferred rating for the following industries:

  • Charter Schools
  • Construction/Contractor
  • Hospitality 
  • Non-Profits 
  • Professional 
  • Public Works 
  • Technology 

Benefit Plan Funding Options

Based on your company's financial goals and benefit plan needs, CBS can recommend and implement from a wide variety of benefit plan funding options:

  • Fully insured 
  • Self-funded 
  • Modified self-funded 
  • Level-funded 
  • Minimum Essential Coverage (MEC) 

Several of these options provide a premium surplus refund based on the plan's performance. CBS is driven to help clients earn healthcare premium refunds to minimize overall healthcare costs.


  • Benchmark analysis 
  • Claims reporting and analysis 
  • Custom presentation 

Health Plan Analytics


Maximize Plan Performance through Analytics

  • Cost projections
  • Mitigate risk to employer and employee
  • Contain costs long-term
  • Minimize compousind annual rate increases
  • Transparency of claims data
  • Analyze health caer claims and benchmark to industry and regional norms
  • Identify cost and utilization patterns and disparities

Decision Master Warehouse

Through Decision Master Warehouse, the team at CBS provides reliable health care bench mark data. We can show you how your group's health care claims compare to industry and regional norms. We can dive into your real claims to isolate specific cost drivers. We can even model plan design changes to predict the impact of the change. 

Underwriting Actuarial Partner

CBS has partnered with an underwriting actuarial partner for additional analytic support. Coordinating with our partner we can provide detailed information useful for claims management, claims analysis, and program design. 

Industry Purchasing Groups

Check out this great video to learn more!