Shopping the marketplace to find cost savings solutions for the school
Challenge
In an effort to provide a range of options to their staff, WCUI had two medical carriers that they offered to their employees, Anthem and Kaiser. Anthem gave WCUI a renewal increase of over 40%, because of the large claims against their policies. WCUI was shopping brokers for solutions and ways to mitigate the cost moving forward.
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About
WCUI’s mission is to provide our students with a solid foundation in their field of study. They are dedicated to giving these students a well‐balanced curriculum, which includes classroom instruction, laboratory training, and supervised clinical experience. Students are taught in a supportive educational environment by a highly qualified staff of professionals.
Industry : Education
Segment Size : 250-500 Employees
Strategy
Benely’s marketplace reach was instrumental in finding a solution for West Coast Ultrasound. Our strategy was to shop the entire marketplace and find a low cost solution, and also make sure the carrier and plan mix was optimal to not put the school in this position in the future.
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Results
Benely was able to procure better benefits and rates through a national carrier, United Healthcare. This resulted in savings of over $25,000 annually over their renewal increase from Anthem Blue Cross. Additionally, because of the options we were able to provide, participation also increased within their staff.