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Case Study for a 58 life group

Total Monthly Savings

$5,483.60*

Total Annual Savings

$65,803.20*

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

The example below shows a 58 life group that currently offers their employees a $2,000 deductible BC/BS plan. At renewal, the group received a 27% increase, raising their $316,623.36 annual premium to $402,113.52. 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 $65,000. The employer saved money. The employees maintained their deductible. And the agent earned commission on both plans — the major medical and the Premium Saver.


Current Plan: BCBS

Deductible: $2000

Coinsurance: 80/20% to $1,500

Dr. Copay: $20/20

Rx Copay: $10/25/50/100

Current MM Rates # on Plan Total Monthly Premium
Employee $311.15 40 $12,446.00
Employee & Spouse $653.40 6 $3,920.40
EE + Child(ren) $575.62 4 $2,302.48
Family $964.55 8 $7,716.40
BCBS Total $26,385.28

Renewal Plan: BCBS

Deductible: $2000

Coinsurance: 80/20% to $1,500

Dr. Copay: $20/20

Rx Copay: $10/25/50/100

Renewal MM Rates # on Plan Total Monthly Premium
Employee $395.16 40 $15,806.40
Employee & Spouse $829.83 6 $4,978.98
EE + Child(ren) $731.04 4 $2,924.16
Family $1,224.99 8 $9,799.92
BCBS Total $33,509.46

Alternate Major Medical Plan: BCBS

Lower Cost High Deductible Plan

Deductible: $5,000

Coinsurance: 80/20% to $1,500

Dr. Copay: $20/45

Rx Copay: $10/25/50/100

Premium Saver: AmFirst Insurance Company

Deductible: $2,000 per person

Coinsurance: 20% to $1,500

Benefit $3,000

Alternate Plan
MM Rates
Premium Saver
Rates
# on Plan Total New
Monthly Premium
Employee $292.56 $40.19 40 $13,310.00
Employee & Spouse $614.37 $78.70 6 $4,158.42
EE + Child(ren) $541.23 $70.23 4 $2,445.84
Family $906.96 $106.99 8 $8,111.60
BCBS + Premium Saver Total $28,025.86

Total Monthly Savings

$5,483.60*

Total Annual Savings

$65,803.20*

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