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October Case Study: Difference Card Saves California Aerospace Distribution Company Over $100,000

October 19, 2021

Using our proprietary MERP (Medical Expense Reimbursement Plan) strategy, The Difference Card helped a California Aerospace and Defense Distributor build the most cost-effective healthcare plan for their October renewal.  

The company was receiving a 3.8% renewal increase from Aetna. This Distribution Company’s Health Insurance Broker engaged The Difference Card to help with a solution to reduce this renewal WITHOUT changing the benefits to staff. 

Our California team was ultimately able to save this customer $102,059 off their health insurance costs and reduce their 3.8% renewal down to -4.8% below current. 

This company has about 130 employees with 100 enrolled in the Health Plan. 

Their current benefits strategy included three options: a Gold PPO Plan, a Gold HMO Plan with a full network, and a Gold HMO Plan with a narrow network. 

By moving this company to Bronze Level PPO / HMO Plan options, The Difference Card was able to reduce the fixed insurance premiums by 22% 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 triple option benefit plans by using The Difference Card Technology Strategy, the net renewal was -4.8% below current.  

The end result was $102,059 in net savings for this Aerospace Distribution Company! 

“This company is an organization that genuinely values its employees. One of the ways this is reflected is in their offering of rich benefits to their 130 employees. As is the case with most companies, continuously growing healthcare costs make it increasingly more difficult to maintain a high levels of benefits while also remaining cost effective for employees. In this case, we were able to reduce their overall expenditure AND enhance their employees’ benefits experience. This was made possible through implementing TouchCare, a valued partner of The Difference Card that aids in making the overall benefits experience a much easier process to work through.” 

Ryan French, 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.

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