Spotlight of the Month: Celebrating Difference Card Broker Partner, Jake Burns
We’re excited to recognize Jake Burns from USI Insurance Services as our Difference Card Broker Partner of the Month for October 2024! As the Practice Leader at USI’s Los Angeles office, Jake has been an influential leader in the employee benefits industry for over 15 years, consistently delivering innovative and cost-effective solutions to his clients.
Recently, Jake teamed up with The Difference Card California team to create a tailored benefits strategy for a large automobile dealership client. Together, they carefully evaluated the client’s existing health plan options and successfully negotiated with their current insurance carriers. By adjusting copays and deductibles, they managed to reduce the dealership’s fixed costs by more than 30%, resulting in over $700,000 in health insurance premium savings. This substantial reduction allowed the client to reinvest those funds into their employee benefits plan, enhancing the value for employees.
Jake and Michelle collaborated to implement a Medical Expense Reimbursement Plan (MERP) funding strategy. This approach maintained robust employee benefits by utilizing The Difference Card’s MERP to cover any increased out-of-pocket expenses. Factoring in expected reimbursements and the convenience of Difference Card’s MasterCard payment technology, the net annual savings for the dealership totaled an impressive $412,200.
To mitigate risk, the client chose The Difference Card’s Difference Guarantee, a performance assurance feature that limits reimbursement liability and ensures predictable savings. This approach provided financial security while maintaining excellent health benefits for employees.
About USI Insurance Services
At USI, Jake is celebrated for his ability to deliver innovative benefit solutions that not only enhance employee programs but also effectively control costs. His team at USI employs a comprehensive approach that combines cost containment strategies, best-in-class pricing, regulatory compliance, and superior account service to meet client needs.
Connect with Jake Burns
To connect with Jake and learn more about his work, visit his LinkedIn profile.
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The Difference Card is dedicated to helping employers across various industries save an average of 18% on their health insurance costs, frequently enhancing employee benefits in the process. With a strategic, multi-year approach, The Difference Card is a trusted partner for controlling healthcare expenses without compromising quality. Interested in discovering how much The Difference Card could save your organization? Request a proposal here.
Key Takeaways
- Jake Burns of USI Insurance Services is recognized as The Difference Card Broker Partner of the Month for October 2024.
- Jake is the Practice Leader at USI’s Los Angeles office with over 15 years of leadership in the employee benefits industry.
- Working with The Difference Card California team, Jake helped a large automobile dealership reduce fixed health plan costs by more than 30%, yielding over $700,000 in premium savings.
- They implemented a Medical Expense Reimbursement Plan (MERP) using The Difference Card’s solution and MasterCard payment technology, producing net annual savings of $412,200 after reimbursements.
- The client adopted The Difference Card’s Difference Guarantee to limit reimbursement liability and ensure predictable savings while maintaining strong employee benefits.
