December Case Study: New York City Non-Profit Saves over $95,000 Using The Difference Card!

The Difference Card is a MERP Plan administrator.

Using The Difference Card’s proprietary funding strategy, The Difference Card helped reduce the cost of a New York City-based non-profit on their healthcare renewal in October. The client was receiving a 19% increase from Cigna when their broker turned to The Difference Card for assistance in giving it a second look.

Our Northeast Team worked with the group and their insurance consultant to save this customer $95,302 on their health insurance costs and reduce their 19% increase down to 9%.

This employer had about 20 participants in their dual-option medical plan, where the original benefits strategy included two extremely rich plans with low deductibles.

By moving this group to one lower-cost plan with a higher deductible within the same network and carrier, the Difference Card was able to fund the difference to reduce their premiums. Compared to renewing as-is, the group actually improved their prescription benefits, and reduced the copay amount for their primary care office visits.

Our team of Data Analysts and Underwriters reviewed the benefits, employee census, and plan rates and came up with a conservative forecast of claims utilization. After benefits were built back to the original dual-option by using The Difference Card Strategy, the net renewal was $95,000 less than last year’s health insurance costs.

Many Difference Card customers look for financial protection when taking on the risk of paying claims for their employees. This employer decided to purchase The Difference Guarantee insurance policy, which capped the client’s liability and guaranteed over $97,000 in their base premium versus not moving forward with The Difference Card.

The Difference Card helps employers in all industries, not just non-profits, to save an average of over 18% on their health insurance costs, while often improving benefits and the experience for employees.