Opening Doors to Growth
55 Employee NJ Commercial Door Manufacturer
When we began consulting this company, our analysis projected upwards of $100,000 in unnecessary healthcare expenses with their existing Oxford plan. Although our strategies saw immediate cost reduction, it wasn’t until our end of year review that the final savings was tallied up for a total spend reduction of $200,000.
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Total 5 Year Savings
Challenge
Before we were brought in, Oxford was about to renew at a 7% increase of an already overpriced employee benefits plan.
Solution
Our consultants architected a self-funded plan with a max cost of 2% increase and lower deductibles.
Outcome
Total savings based on reduced premiums, unused claims refund, and negotiated provider pricing, this group saved over $200,000 year one.
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