CASE STUDY
60 Life Group
Total Monthly Savings
$7,652.64*
Total Annual Savings
$91,831.68*
* Rates and saving 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 & Spouse
Employee + Child(ren)
Family
Employee
$519.55
$1,091.05
$893.63
$1,574.23
38
5
8
9
$19,742.90
5,455.25
$7,149.04
$14,168.07
UHC TOTAL
$46,515.26
Renewal Plan: UHC
Deductible: $2,000 Coinsurance: 80/20% to $4,000 Dr. Copay: $35/70 Rx Copay: $10/35/60
Current MM Rates
# on Plan
Total Monthly Premium
Employee
Employee & Spouse
Employee + Child(ren)
Family
$562.84
$1,181.96
$968.09
$1,705.40
38
5
8
9
$21,387.92
$5,909.80
$7,744.72
$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 Coinsurance: 0% to $0 Benefit: $3,500
Alternate Plan
MM Rates
Premium Saver Rates
# on Plan
Total New
Monthly Premium
Employee
Employee & Spouse
Employee + Child(ren)
Family
$414.54
$870.53
$713.01
$1,256.05
$64.78
38
$126.96
5
$116.12
8
$177.70
9
$18,214.16
$4,987.45
$6,633.04
$12,738.40
Anthem + Premium Saver Total
$42,739.40
Total Monthly Savings
$7,652.64*
Total Annual Savings
$91,831.68*
* Rates and saving will vary by group. This is an example.