Stephen J. Fallon
Stephen J. Fallon
Vice President, Director Employee Benefits Practice
PH (410) 666 0500 Ext. 224
EM sfallon@consultibc.com
Mr. Fallon is a Vice President, and he leads the Health & Welfare Practice for Insurance Buyers' Council, Inc.
Mr. Fallon leads the Health & Welfare Practice in the development and implementation of strategic initiatives and client-specific service plans for IBC's clients. He has more than 28 years of employee benefits experience specializing in public sector benefit strategies, having worked with over two hundred municipalities, boards of education, and county governments. In 2004 Mr. Fallon joined IBC to help create the Employee Benefits Practice specializing in helping large employers and public sector plan sponsors manage the costs and delivery of their employee benefit programs.
He helped develop Pennsylvania's first municipal health insurance trust, now covering over 120 public entities for a range of medical, dental and prescription drug benefits. This innovative program has helped control the rate of increase of health insurance costs for members and has become a model for public sector risk pooling throughout the region, saving members over $65 million since inception. His other areas of expertise include self-funding and reinsurance; provider discount analysis; carrier/vendor negotiations; rate development (COBRA and NJ Chapter 78) and underwriting; prescription drug carve-out feasibility analysis and implementation; post-retirement benefit strategies; and collective bargaining strategies.
Mr. Fallon is a member of the Association of Governmental Risk Pools (AGRIP) Health Pool Resource Group and has presented to national and regional organizations including AGRIP, the Pennsylvania Government Finance Officers Association (GFOA), the Pennsylvania Bar Institute, and the Society of County Human Resource Professionals of Pennsylvania (SCHRPP). Prior to joining IBC, he served as Director of Benefit Solutions for a New York based benefits consulting firm. Mr. Fallon is a graduate of Villanova University with a Bachelor of Arts in Political Science/Honors.
