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December Case Study: Non-Profit Saves $385,511 on Renewal Using The Difference Card

December 8, 2021

Using our proprietary MERP (Medical Expense Reimbursement Plan) strategy, The Difference Card helped a non-profit build the most cost-effective healthcare plan for their December renewal.

The client was receiving a 37.1% renewal increase from Emblem. 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 $385,511 off their health insurance costs and reduce their 37.1% renewal down to 17.3%.

This company has about 150 employees with 123 enrolled in the Health Plan. Their current benefits strategy included four options: a Platinum HMO Plan, two Gold HMO Plans with and a Bronze HMO Plan.

By moving this company to Bronze Level HMO Plan options, The Difference Card was able to reduce the fixed insurance premiums by almost 28% 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 quad option benefit plans by using The Difference Card Technology Strategy, the net renewal was 17.3% above current. 

The end result was $385,511 in net savings for this non-profit.

“This Long Island based non-profit organization was facing a +37% renewal increase with their back against a wall as other insurance carriers declined to quote or didn’t provide a competitive alternative. Through our gap funding strategy, we were able to save the client about 20% off their renewal, and we’re funding the front-end of the deductible, which will provide a benefit enhancement to the majority of the client’s employees. We were able to achieve significant cost savings with minimal disruption, employees have the same insurance carrier and network of providers. The client is on our Difference Guarantee Monthly Cap product and we’re able to guarantee them cost savings versus the renewal they were facing. A big win-win situation all around!”

Scott Abrams, 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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