Case Study for a 60 life group
Total Monthly Savings
$7,652.64*
Total Annual Savings
$91,831.68*
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