A large accounting firm faced a 24% increase on renewal of its coverage from a major carrier. Given the nature of the firm’s work and conditions in the market, that renewal appeared unreasonable.
We obtained utilization reports from the insurer and developed an analysis of the actual costs incurred. We reviewed the renewal history and premium calculation which helped us present a persuasive case to the insurance carrier for a 12.5% increase instead of 24% ($284,000 in annual savings). We won the day, with supporting facts.
We were then able to help craft and implement a wellness program that catered to the specific needs of that company’s population, and thus now have the ability to better control cost-drivers, enhance employee satisfaction and stabilize future increases.
All in a day’s work for MAX.