Difference Card Product saves a County Government Agency $27,000 on their Healthcare Spend

November Case Study: New Difference Card Product saves a County Government Agency $27,000 on their Healthcare Spend

November 15, 2023

Using our proprietary MERP (Medical Expense Reimbursement Plan) strategy, along with the new Monthly Budget funding strategy, The Difference Card helped a public-sector employer create the most cost-effective healthcare plan for their October renewal.

The client was receiving a 19% renewal increase from their carrier when their broker engaged The Difference Card to help with a solution to control their rising costs.

Our Midwest Team was ultimately able to save this customer over $27,000 off their health insurance costs and reduce their 19% renewal increase down to a 12% renewal.

This local government has about 40 total enrolled participants in the Health Plan where the current benefits strategy included only a single copay plan to choose from.

By moving this group to a qualified High Deductible Health Plan, The Difference Card was able to reduce the fixed insurance premiums by 17%.

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 7% below current.

Difference Card customers are also looking for financial protection when taking on the risk of paying claims for their employees. This public-sector customer decided to purchase The Difference Guarantee insurance policy, which capped the client’s utilization liability and guaranteed a savings.

“This local county government was happy with their benefits, but not happy with the carrier increase they were facing. The board was able to meet their budget for the year by purchasing the new Monthly Budget Funding Solution under The Difference Card. We are honored to partner with this group to save them almost $30K in annual spend. The best part – the employees are even more happy with the benefits they have using The Difference Card in conjunction with their carrier plan.”

Jennifer Revell, Senior Consultant at The Difference Card

The Difference Card helps all types of employers, including the public-sector, to save an average of 18% off their health insurance costs, while often improving benefits and the experience 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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