Public Sector Client with Union Population
Number of employees: 1,200
BSI client since: 2017
- BSI successfully implemented a high deductible health plan (HDHP) with an HSA
- BSI participated in over 100 in-person meetings and conference calls
- BSI negotiated an Rx contract with $480,000 in savings without a change in carrier, benefits or formulary
- Projected 5-year cost avoidance: $15 Million
- BSI negotiated a stop loss renewal with $135,000 in savings
- BSI developed and implemented action plan that successfully enrolled approximately 70% of all members in program
- Projected savings from telemedicine program: $375,000+ per year
- BSI negotiated $30,000 in employer paid life savings and added voluntary life, AD&D and long-term disability benefits for all full-time employees
- The addition of benefits resulted in over 40% participation in these plans
$15,000,000
5-YEAR MEDICAL PLAN COST AVOIDANCE
$375,000
TELEMEDICINE SAVINGS
$480,000
Rx SAVINGS
$135,000
STOP LOSS RENEWAL SAVINGS