Premium Saver Group Supplemental Insurance Life Raft Logo

MWG Broker Services Logo
Premium Saver Plan Group Supplemental Insurance Logo

Case Study for a 60 life group

Total Monthly Savings

$7,652.64*

Total Annual Savings

$91,831.68*

* Rates and savings will vary by group. This is an example.

The example below shows a 60 life group that currently offers their employees a $2,000 deductible UHC plan. At renewal, the group received an 8% increase, raising their $558,183.12 annual premium to $604,692.48. To save the employer premium and maintain benefits, the broker recommended changing to an affordable High Deductible Major Medical, then adding our group supplemental insurance plan to fill the deductible and cost sharing holes.

The Result? A guaranteed annual savings of $91,000. The employer saved money. The employees lowered their deductible. And the agent earned commission on both plans — the major medical and the Premium Saver.


Current Plan: UHC

Deductible: $2000

Coinsurance: 80/20% to $4,000

Dr. Copay: $35/70

Rx Copay: $10/35/60

Current MM Rates # on Plan Total Monthly Premium
Employee $519.55 38 $19,742.90
Employee & Spouse $1,091.05 5 $5,455.25
EE + Child(ren) $893.63 8 $7,149.04
Family $1,574.23 9 $14,168.07
UHC Total $46,515.26

Renewal Plan: UHC

Deductible: $2000

Coinsurance: 80/20% to $4,000

Dr. Copay: $35/70

Rx Copay: $10/35/60

Renewal MM Rates # on Plan Total Monthly Premium
Employee $562.84 38 $21,387.92
Employee & Spouse $1,181.96 5 $5,909.80
EE + Child(ren) $968.09 8 $7,744.72
Family $1,705.40 9 $15,348.60
UHC Total $50,391.04

Alternate Major Medical Plan: Anthem

Lower Cost High Deductible Plan

Deductible: $5,000

Coinsurance: 100/0% to $0

Dr. Copay: $35/70

Rx Copay: $10/35/60

Premium Saver: AmFirst Insurance Company

Deductible: $1,500 per person

Coinsurance: 0% to $0

Benefit $3,500

Alternate Plan
MM Rates
Premium Saver
Rates
# on Plan Total New
Monthly Premium
Employee $414.54 $64.78 38 $18,214.16
Employee & Spouse $870.53 $126.96 5 $4,987.45
EE + Child(ren) $713.01 $116.12 8 $6,633.04
Family $1,256.05 $177.70 9 $12,903.75
Anthem + Premium Saver Total $42,738.40

Total Monthly Savings

$7,652.64*

Total Annual Savings

$91,831.68*

* Rates and savings will vary by group. This is an example.
Quote Request Form