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September Case Study: Auto Group Client Saves $334,397 on Renewal & Improved Benefits Using The Difference Card

September 7, 2022

Using our proprietary MERP (Medical Expense Reimbursement Plan) strategy, the Difference Card helped an auto group build the most cost-effective healthcare plan for their September renewal. The client was receiving a 28.4% renewal increase from Anthem. 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 Indiana Team was ultimately able to save this customer $334,397 off their health insurance costs and reduce their 28.4% renewal down to 10.2%.

This company has over 200 employees with 190 enrolled in the Health Plan. Their current benefits strategy included two plan designs – a PPO copay plan, and a PPO H.S.A. Plan.

By moving this company to one Bronze H.S.A. Plan, The Difference Card was able to reduce the fixed insurance premiums by more than 35% 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.

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.

The result was $334,397 in net savings for this auto group 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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