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Case Study #3 - Consulting Firm

A consulting firm with 14 employees had received 2 proposals from two competing brokers with each proposal having the same four insurers offering the same health plan offerings at the same prices.

We asked to see the census which revealed the owner (age 67) and spouse (age 66) were both working full-time and, since the plan structure was either Individual or Family, the choices were:

Individual Rate = $425 per month
Family Rate = $1350 per month

The Solution:  Place the owner and spouse on a group Medicare Supplement plan having a monthly premium of $225 each ($450) plus Medicare Part B @ $93.50 each ($187) resulting in the total monthly premium of $637.  Since the $637 is less than the $1350 they had been paying (for both of them) ...

The owner SAVES $8,556 per year!

Added Bonus:  By placing the two owners on the group Medicare Supplement, they are no longer a factor in calculating the group rate.  The revised rates for the rest of the employees came out to $350 per individual and $975 per family.

The owner SAVES an additional $37,600 per year!

That's over $46,000 per year in total savings!  Are they happy campers?  That money can put a shot of adrenalin into anyone's retirement savings.  Or pay off the mortgage or whatever else another $46,000 could do for someone.

If you want to control your health insurance costs, we can help.

Want More Info? ... Russ Swallow ... 508-831-0805
(or use e-mail address below)


We're located in Worcester and serve the health insurance needs of the small to mid-size business located in Worcester, Worcester County, the MetroWest area, Massachusetts, Connecticut, Rhode Island, Pennsylvania and Maryland.
   

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