Manufacturing Industry

Manufacturing workers deserve better benefits at a better price.

For years, The Difference Card has cultivated strong partnerships with diverse manufacturing systems, including those specializing in automotive, electronics, textile and apparel, aerospace, and more. Our collaboration with manufacturing systems aims to design customized health plans, ensuring tailored benefits that meet the unique needs of their workforce.

We help them create the BEST employee benefit plans, while often saving the organization hundreds of thousands of dollars.

Over the last 10 years, The Difference Card has saved manufacturing systems $141 MILLION in healthcare expenses.

The average manufacturing client sees about 20% in savings annually, or around $2,935 per employee per year.

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Total savings seen by our manufacturing clients over the last 10 years

MANUFACTURERS SAVINGS PROVIDED BY THE DIFFERENCE CARD
Total savings over 10 years $141,610,784
Average annual savings per organization $193,249
Average savings per employee per year $2,935
Average percent of savings per employee per year 19.9%

 

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How we saved a defense manufacturer $4 MILLION in healthcare spend

Using our proprietary MERP (Medical Expense Reimbursement Plan) strategy, The Difference Card helped a defense manufacturer achieve cost-savings averaging $1.19M per year since 2018 for their organization for a total of $4,762,574.

This employer currently has over 300 employees and growing and their desire was to offer the best possible benefits to help them attract and retain employees in a challenging economic environment.

Many Difference Card customers look for financial protection when taking on the risk of paying claims for their employees. This manufacturer decided to purchase The Difference Guarantee insurance policy initially, which capped the group’s utilization liability and guaranteed the savings to their company.

They expect to continue to see savings with The Difference Card for their 300 enrolled employees for the upcoming plan year.

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Manufacturing Case Study Round-Up

October Case Study: California Defense Manufacturer Has Saved $4 MILLION Using The Difference Card Strategy

Using our proprietary MERP (Medical Expense Reimbursement Plan) strategy, The Difference Card helped a defense manuf...

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Large Production Line with Industrial Robot Arms at Automated Manufacturing Facility

Almost 45% of manufacturing executives have turned down business opportunities due to lack of workers. Deloitte Survey

According to the Manufacturing Workforce Trends Report, the average turnover rate is 26.2% for this industry.

Employee retention, crucial in the manufacturing industry, is significantly influenced by various benefits, including health insurance.

Deloitte projects that 3.5 million new manufacturing jobs will have been created by 2025, but that over two million of these will go unfilled due to a widespread lack of skilled workers.

Addressing financial stress begins with offering affordable benefits packages. The Difference Card specializes in crafting cost-effective health plans tailored to the needs of manufacturing employees.

By furnishing manufacturing professionals with health plans aligned with their financial realities, organizations can significantly reduce turnover rates, fostering employee loyalty, and positioning themselves to attract top talent in the competitive manufacturing landscape.

Interested in how The Difference Card could work for your Manufacturing organization?

The Difference Card offers manufacturing systems a competitive solution for attracting top talent and reducing employee turnover through our unique benefit plan designs.

Discover how The Difference Card can help you design a competitive health plan without increasing the cost for employers OR employees.

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