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Health And Benefits Examples
A brief example of a 5 year cost for Health Insurance for a Company using our system:
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|
CURRENT STRATEGY |
|
OPTIMUM STRATEGY |
|
ANNUAL STRATEGY |
|
CUMULATIVE SAVINGS |
| YEAR ONE |
|
|
|
|
|
|
|
|
| Premium |
|
$152,841 |
|
$116,058 |
|
|
|
|
| Claims & Admin |
|
|
|
$19,280 |
|
|
|
|
| Year One Total |
|
|
|
$135,338 |
|
$17,503 |
|
$17,503 |
| |
|
|
|
|
|
|
|
|
| YEAR TWO |
|
|
|
|
|
|
|
|
| Premium |
|
$171,182 |
|
$129,985 |
|
|
|
|
| Claims & Admin |
|
|
|
$19,858 |
|
|
|
|
| Year Two Total |
|
|
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$149,843 |
|
$21,339 |
|
$38,842 |
| |
|
|
|
|
|
|
|
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| YEAR THREE |
|
|
|
|
|
|
|
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| Premium |
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$191,724 |
|
$145,583 |
|
|
|
|
| Claims & Admin |
|
|
|
$20,454 |
|
|
|
|
| Year Three Total |
|
|
|
$166,037 |
|
$25,686 |
|
$64,528 |
| |
|
|
|
|
|
|
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| YEAR FOUR |
|
|
|
|
|
|
|
|
| Premium |
|
$214,731 |
|
$163,053 |
|
|
|
|
| Claims & Admin |
|
|
|
$21,068 |
|
|
|
|
| Year Four Total |
|
|
|
$184,121 |
|
$30,610 |
|
$95,138 |
| |
|
|
|
|
|
|
|
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| YEAR FIVE |
|
|
|
|
|
|
|
|
| Premium |
|
$240,498 |
|
$182,620 |
|
|
|
|
| Claims & Admin |
|
|
|
$21,700 |
|
|
|
|
| Year Five Total |
|
|
|
$204,319 |
|
$36,179 |
|
$131,317 |
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*Assumes 12% annual rate increase each year for Premium Strategies
*Also a 3% annual increase each year for claims
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