Over $350k Annual Savings for a 400+ person Healthcare Organization.

Details of the Case

• Client is a Texas based, regional Healthcare organization with over 400 employees
• Had been using the same broker for nearly a decade
• Rising costs combined with a traditional high-deductible health plan were creating pricing pressure on both the employer and employees.

Leadership suspected there were opportunities for savings and improvements, but lacked a clear strategy for achieving them. After a search online they found iSure, LLC and we went to work.

How Did We Help

Our team conducted a comprehensive review of their existing benefits program, asking probing questions to uncover hidden inefficiencies. We shopped the market aggressively, leveraging carrier relationships by negotiating and analyzing multiple plan designs. We also focused on how we could enhance the employee experience by improving coverage and simplifying the ongoing administration.

The End Result

The outcome was transformative for this group:

• We presented options for savings from $419,000 to $250,000. They choose a plan option with a total savings of $358,964.92.
• Improved their benefits from a $4,000 deductible plan to a $0 deductible plan with fixed copayments for inpatient ($1,500) and outpatient surgeries ($3,000).
• Employees and their families saw tangible benefits, with the average employee/family savings of close to $1,600 per year.
• Co-pays for both routine primary care and specialist visits were lowered, making care more affordable for employees.
• Also introduced specialized employer solutions to assist with enrollment including a dedicated service team to streamline administration and improve client support.

This case demonstrates the value of a proactive brokerage approach. By combining strategic analysis, aggressive negotiation, strong carrier relationships and a focus on employee well-being, the organization achieved the best of both worlds: substantial employer savings and richer employee benefits.