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Difference Card case study for non-profit saving $1,152,015 on healthcare renewal

November Case Study: Non-profit Client Saves $1,152,015 on Renewal & Improved Benefits Using The Difference Card

October 31, 2022

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 November renewal. The client was receiving a 22.8% renewal increase from Emblem. The firm’s Health Insurance Broker engaged The Difference Card to help with a solution to reduce this renewal and IMPROVE benefits to staff.

Our New York team was ultimately able to save this customer $1,152,015 off their health insurance costs and reduce their 22.8% renewal down to 12.7%.

Read More Non-Profit Case Studies

This company has over 1000 employees with about 750 enrolled in the Health Plan. Their current benefits strategy included a Platinum PPO & EPO Plan.

By moving this company to plans with higher deductibles and out of pocket costs, The Difference Card was able to reduce the fixed insurance premiums by more than 17% 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, with lower overall out of pocket costs for employees.  The client also utilized the Monthly Cap feature, that gave them a “worst case scenario” in claims funding each month for budgetary purposes.

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 versus renewing as is.

This non-profit organization values their employees and wants to ensure that they have the best level of benefits possible. The rising cost of healthcare has made that more and more difficult to achieve each year. After reviewing their plan offerings, we recommended an option that kept employee contributions low, maintained their benefits, and even improved them in some areas. We also wanted to guarantee a smooth transition for all employees, so by working directly with the insurance carrier we were able to create plan that simplified the process for all employees.

Emily Coughlin, Senior Consultant at The Difference Card

The result was $1,152,015 in net savings for this non-profit client, while improving benefits.

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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