A financial services firm with 72 full-time employees with offices in Pittsburgh and its suburbs.
This prospect was facing rising healthcare costs, and the company was struggling to keep up with the increased expenses. They approached us after previously working with another broker to help them identify cost-saving measures.
Our team conducted a comprehensive analysis of the firm's healthcare expenses and determined that a restructured employee contribution schedule could help the firm save money. The company had not changed the schedule in many years and were paying an unusually high level of benefit premiums. The team recommended the following changes:
By working with us, the company was able to implement these changes and save over $48,000 on their annual healthcare expenses without sacrificing the quality of their employee benefit package. The increased employee contributions and restructured contribution schedule helped to reduce the firm's overall healthcare costs, while the HSA option provided employees with a way to manage their out-of-pocket expenses.
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