Supermarket Chain
Southern California, 1,600 Employees
Summary: This company enjoys a per member per month total health plan cost of less than $192. Plan of benefits offered by the employer is at virtually 100%, with no deductibles and a $25.00 physician co-pay.
This group has been a client since 1991 and after Insight’s first year on board, costs were reduced by over 45%. For the past 10 years plan costs have been very stable while the National Average has increased steadily.
How?
The first question we are asked when people see this graph is “How is that possible?” Internally we refer to this plan as the “most efficiently run plan in the country” and it is a direct result of our staff aggressively managing all aspects of the plan.
- Keep Fixed Costs Low: By negotiating for the best possible stop-loss rates and keeping the monthly cost of each third-party involved with the plan in check, we are able to keep each months Administrative and Excess Loss costs as low as possible. We do this for all of our accounts by leveraging our strong relationships with the vendors.
- Aggressively Managed Claims: We put the proper mechanisms in place to mitigate disproportionate costs when providers are overcharging.
- Employee Satisfaction: Due to our ability to keep the employer and plan sponsor’s costs so low, this translates to a minimum cost to the employees for coverage. In this employer’s case the cost to the employee is $0 with very rich benefits.
Please feel free to Contact Us at any time for more details.