August Case Study: Nonprofit Client Saves $242,154 Using The Difference Card

August 2, 2022

Nonprofit Client Saves $242,154 on Health Renewals with The Difference Card

Using our proprietary MERP (Medical Expense Reimbursement Plan) strategy, the Difference Card helped a nonprofit client build the most cost-effective healthcare plan for their August renewal. The client was receiving a 55% renewal increase from Anthem. The firm’s Health Insurance Broker engaged The Difference Card to help with a solution to reduce this renewal and IMPROVE benefits to staff.

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Our California Team was ultimately able to save this customer $242,154 off their health insurance costs and reduce their 55% renewal down to -2.7%.

This company has about 80 employees with 56 enrolled in the Health Plan. Their current benefits strategy included one Platinum Plan offering.

By moving this company to one Bronze Plan, The Difference Card was able to reduce the fixed insurance premiums by more than 60% for this customer.

Our team of Data Analysts and Underwriters reviewed the demographics of the group and came up with a conservative forecast of claims utilization. They built back to two plan offerings as they offered today, and enhanced benefits for employees.   Employees saw a decrease in office visit copays, which encouraged them to receive the preventative care they needed.

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

The result was $242,154 in net savings for this nonprofit client, while improving benefits.

This nonprofit organization helps individuals with intellectual and developmental disabilities live meaningful and productive lives. They were facing a 55% rate increase from their health insurance carrier. The Difference Card implemented our unique solution to bring the benefits of self-funding to fully insured employers with our Guaranteed Solution. As a result, the client experienced a -4.4 decrease in renewal cost with several benefit enhancements provided to members.

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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