Private Sector Client with Union Population
Number of employees: 600
Client since 2018
- Client had a long-term relationship with the same broker for over 35 years, but were not seeing any benefit from partnership
- BSI reviewed data and was able to negotiate no new lasers and capped rate increases
- Plan Design Optimization
- Added Health Savings Account (HSA)
- Projected $5 Million in savings over the next 5 years without shifting costs to employees
- Implemented Telemedicine
- Ancillary
- Life, STD, LTD (matching benefits) – $300,000 in projected savings within 3 years
- Addition of voluntary life & guaranteed issue of $150,000 for all employees
- Employee Assistance Program (EAP) – No additional cost to employer
- Added Health Savings Account (HSA)
$5,000,000
PROJECTED 5-YEAR SAVINGS
$300,000
PROJECTED 3-YEAR ANCILLARY SAVINGS
$150,000
ADDITIONAL GUARANTEE ISSUE FOR ALL EMPLOYEES