East Coast Office
East Coast Office
Midwest Office
79 W. Market Street Suite · 300 · Bethlehem, PA 18018
1-866-BSI-Benefits
28411 Northwestern Hwy · Southfield Suite · 1150 · MI 48034
248.945.0088

Public Sector Client

Number of employees: 900
BSI client since: 2017

  • BSI conducted a full market review in search of pharmacy savings
  • BSI completed a line-by-line claims reprice
  • Competing carriers were required to reprice 23,000 historical claims from 2016 by matching the benefits, prior authorization rules, step therapy rules and quantity limits
  • Results: carrier improved their contracting by $300,000 in improved rebates and greater discounts with no benefit, carrier or formulary change
  • Secured stop loss provisions with rate caps on the renewal increase
  • Prevented stop loss carrier to laser or exclude future high claimants
  • Added $0 employee cost telemedicine benefit
    • Projected telemedicine savings of over $150,000
  • BSI negotiated $22,000 in ancillary benefits, while also increasing the guarantee issue for employees and spouses
  • BSI achieved 48% participation in the voluntary benefits offering

$10 million

PROJECTED 5-YEAR SAVINGS

61.9%

ANNUALIZED TELEMEDICINE UTILIZATION

$110,000+

TELEMEDICINE SAVINGS

how can we help you?

Contact us at the BSI office nearest to you or submit a business inquiry online.

“What happens to one of us matters to all of us.”

Tony DaRe
CEO, BSI Corporate Benefits