August Case Study: New York Non-Profit Group Saves $467,500 on Renewal Using The Difference Card

August 11, 2021

Using our proprietary MERP (Medical Expense Reimbursement Plan) strategy, The Difference Card helped a New York non-profit navigate a difficult August renewal. The client was receiving a 7% renewal increase from Aetna.

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This non-profit’s Health Insurance Broker engaged The Difference Card to help with a solution to reduce this renewal WITHOUT changing the benefits to staff.

Our New York team was ultimately able to save this customer $467,591 off their health insurance costs and reduce their 7% renewal down to -5.9% below current.

This agency has 320 employees with 250 enrolled in the Health Plan. Their current benefits strategy included three options: a Platinum PPO Plan, a Platinum EPO Plan, and a Silver EPO Plan.

By moving this non-profit to Bronze Level PPO / EPO Plan options, The Difference Card was able to reduce the fixed insurance premiums by 27.4% for this customer.

Our team of Data Analysts and Underwriters reviewed the employee information and came up with a conservative forecast of claims utilization. After benefits were built back to the original triple option benefit plans by using The Difference Card Technology Strategy, the net renewal was -5.9% below current.

The end result is $467,591 in net savings for this non-profit customer!

The work this non-profit does for the foster care community in Queens and Brooklyn is simply inspiring and we are so happy we could work with them to protect the benefits of their hardworking employees without increasing the amount they have to pay out of pocket for healthcare coverage. The savings they were able to achieve with The Difference Card strategy will help in continuing to fund their mission of transforming caring action into services- and for that we are so proud.”

Emily Coughlin, Senior Consultant at The Difference Card

Many Difference Card customers look for financial protection when taking on the risk of paying claims for their employees. This New York non-profit decided to purchase The Difference Guarantee insurance policy, which capped the group’s utilization liability and guaranteed the savings to their company.

The Difference Card helps employers in all industries to save an average of 18% off their health insurance costs, while often improving benefits for employees.

To learn how much The Difference Card can save you, find a consultant in your region or request a proposal today.

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