June Case Study: Nonprofit Saves $387,159 on Renewal Using The Difference Card!

June 7, 2023

Using our proprietary MERP (Medical Expense Reimbursement Plan) strategy, the Difference Card helped a nonprofit create the most cost-effective healthcare plan for their June renewal. The client was receiving a 6.6% renewal decrease from the United Health Care. This nonprofit’s Health Insurance Consultant engaged The Difference Card to help with a solution to control costs.

Our New York Team was ultimately able to save this customer $387,159 off their health insurance costs and reduce their -6.6% renewal down to -31.8%.

This nonprofit as about 100 employees with 85 enrolled in the Health Plan. Their current benefits strategy included one Platinum PPO option.

By moving this nonprofit to a Bronze Level option with Empire, The Difference Card was able to reduce the fixed insurance premiums by over 50%.

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 single option benefit plans by using The Difference Card Strategy, the net renewal was -31.8% below current.

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 client’s utilization liability and guaranteed almost $350,000 in savings versus renewing as is.

This company’s mission is to use their unique experience as a non-profit at the forefront of behavioral science to change millions of lives. We were honored to help them give back to their employees by offering a robust benefits package that not only improved their current plans, but helped save them significant dollars in which they can reinvest into their employees. It is extremely critical that non-profit organizations not only offer a certain level of benefits but do so in a cost-effective manner. Introducing the Difference Card strategy to this group positively impacts them by helping to retain employees and boost morale.

Emily Coughlin Molloy, Senior Consultant at The Difference Card

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.

Request a Proposal

    Resource Download

    Please fill the fields below to download resources.