Self-funding group health insurance
Client: Precast concrete producer
Plan: Self-funded group plan utilizing Cigna network
Challenges
- New Human Resources team
- No claims transparency under previous plan
- Inability to manage claims and healthcare spend
- Consistent premium increases, up to 20% each year
- Inexperience with alternative funding methods
Deliverables
- Offered funding alternatives to standard, fully-insured plans
- Guided client to best-cost solution
- Developed clear strategy to create consistent, long-term savings
- Stop-loss negotiation experts found carrier that provides the best option
- Provided dedicated, experienced client support team to reduce administrative burdens
- Ongoing investigations resulted in real-time savings for client
Results
9-year
history of consistent savings
$1 million
savings found through claims audits
65%
of previous billing reduced through reference-based pricing
$11,000
found in billing errors through audits
CONTACT US
ADDRESS:
540 Pennsylvania Ave Suite 230 Fort Washington, PA 19034PHONE:
215-663-8000E-FAX:
Sales: 215-693-5831 Service: 215-693-5836