How We Save Our Clients Millions on Health Plan Costs
As a benefits consultant, nothing excites me more than delivering real, substantial savings to employers while improving their employees' healthcare benefits. I want to share a recent success story that exemplifies what's possible when organizations commit to strategic, long-term health insurance solutions.
The Results: Breaking Down the Numbers
What we have achieved so far for this client:
Reduced per-employee-per-month cost from $1,300 to $500 per month
Generated over $2.7 million in hard savings
The Approach: A Team Effort
This wasn't a quick fix or a one-time solution. We firmly believe in developing comprehensive, multi-year strategic plans. As I often tell my clients, "This is a journey, not a trip." The results we've seen are just the beginning – we're continuing to identify new opportunities for savings.
The Million-Dollar Question
We work with both small and large employers, and I always ask them the same question: "When – not if – when we deliver $1 million in savings, what are you going to do with that money?"
I ask this question humbly but confidently, because it reveals so much about an organization's values. I challenge them because just as they are interviewing me, I am interviewing them. I want to understand:
Do they view their employees as assets or as expendable resources?
Will they reinvest the savings back into their workforce?
Are they planning to lower employee contributions?
Or will the savings simply go straight to the bottom line?
The Ongoing Journey
In this particular case, seeing $2.7 million in savings has led to some very rewarding conversations about reinvestment in the workforce. But we're not done yet – we're already planning strategies to reduce costs even further in the coming year.
The Takeaway
The key lesson here is that significant health plan cost reductions are achievable without compromising the quality of care. However, the real measure of success isn't just in the dollars saved – it's in how organizations choose to use those savings.
Whether you're a small business or a large corporation, the potential for savings exists. The question is: what will you do with those savings when they arrive?
Learn more here - https://evergreenbenefitsgroup.com/