Case Study for a manufacturing company (82 people covered)

Total Monthly Savings

$7,423.93

Total Annual Savings

$89,087.16

1st Month PS Premium

$12,260.15

Current Plan Humana

Deductible: $500 Coinsurance: 80/20%, Out-of-Pocket: $2,000

	Medical Rates	# on Plan	Total Monthly Premium
Employee	$505.70	54	$27,307.80
E + Spouse	$1,061.97	13	$13,805.61
E + Child(ren)	$1,061.97	1	$1,061.97
Family	$1,643.53	14	$23,009.42
Total Current Monthly Premium			$65,184.80

Total Monthly Premium = Number on Plan * Medical Rates

Renewal Plan Humana

Deductible: $500 Coinsurance: 80/20%, Out-of-Pocket: $2,000

	Medical Rates	# on Plan	Monthly Premium
Employee	$677.03	54	$36,559.62
E + Spouse	$1,421.77	13	$18,483.01
E + Child(ren)	$1,421.77	1	$1,421.77
Family	$2,200.35	14	$30,804.90
Total Renewal Monthly Premium			$87,269.30

Total Monthly Premium = # on Plan * Medical Rates

Premium Saver Plan

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Alternate Plan (Humana)

Deductible: $5,000 Coinsurance: 100/0%, Out-of-Pocket: $0

Premium Saver Plan Design

Deductible: $500 per person Coinsurance: 0%, Out-of-Pocket: $0 Benefit: $4,500

	Medical Rates	PS Rates	Combined Rates	# on Plan	Total Monthly Premium
Employee	$533.43	$95.83	$629.26	54	$33,980.04
E + Spouse	$1,066.85	$210.21	$1,277.06	13	$16,601.78
E + Child(ren)	$1,013.51	$185.22	$1,198.73	1	$1,198.73
Family	$1,706.96	$297.67	$2,004.63	14	$28,064.82
Monthly Totals	$67,585.22	$12,260.15		82	$79,845.37

**Contact your Product Specialist if annual savings is less than $65,184.80.

Alternate major medical rates could be an estimate. Actual rates are based on the major medical carrier's actual quote.

How this Plan works:

Supplemental Plan Deductible and Coinsurance

Each insured person has a $500 annual deductible. After the deductible is met, the insured person pays 0% until they pay $0 coinsurance. This plan wraps around your high deductible health plan and pays the amount applied to your major medical plan's Deductible and Coinsurance until our payments reach the Maximum Benefit Amount.

Coverage

This plan covers all eligible expenses covered by your major medical plan except the professional fee of a physician in a doctor's office or medical clinic and outpatient prescription drugs.

Maximum Benefit Amount

$4,500 is the maximum benefit amount payable for benefits described on this page during a benefit year for each Insured Person.

Monthly Rates* (12 Month Rate Guarantee)

Employee: $95.83
E + Spouse: $210.21
E + Child(ren): $185.22
Family: $297.67

*Monthly rates include a non-commissionable $3.00 administration fee for billing.

Participation requirements: All persons covered by the group major medical or comprehensive health plan must be covered by the Premium Saver Plan except when the HSA is funded.

This is a brief description of coverage, see policy for complete details.