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Similar to WellNet reduces costs 40% for 155-employee company
Similar to WellNet reduces costs 40% for 155-employee company (20)
WellNet reduces costs 40% for 155-employee company
- 1. Case Study Summary • 155 employees • Privately-held company, Florida-based • Prior Carrier: Blue Cross Challenges • 6% Blue Cross Premium Increase in 2012 • 49% Blue Cross Premium increase in 2013 • Cost-containment • Limited data • No insight into annual increases WellNet Solution • Reduced Annual Premiums for Company and Employees • Mining claim data to drive savings and improved outcomes • Integrated Wellness Administration Results/ Savings with WellNet • 2 Year Cost Reduction, 40% • 2 Year Premium Savings, $969,000 For more information, visit www.wellnet.com / call: 800-808-4014 Fully Insured Cost Increase vs. Level-Funded Savings with Blue Cross with WellNet Client Case Study WELLNET HEALTHCARE 2015 WWW.WELLNET.COM DATA PROVIDED BY USI INSURANCE SERVICES BRIAN MCNULTY / BRIAN.MCNULTY@USI.BIZ 2 $36,980 $39,082 $75,696 $48,379 $134,439 $80,978 Fully Insured 2012 66 Fully Insured 2013 74 Fully Insured 2014 96 Level Funded WellNet 2014 96 Fully Insured Renewal 2015 155 Level Funded WellNet Renewal 2015 155 Total Monthly Cost EE’s: Year: $560 $592 $789 $504 $867 $522 Fully Insured 2012 66 Fully Insured 2013 74 Fully Insured 2014 96 Level Funded WellNet 2014 96 Fully Insured Renewal 2015 155 Level Funded WellNet Renewal 2015 155 Cost Per Employee Per Month1 EE’s: Year: - 40% + 5.7% - 36% + 10% + 49% $443,754 $468,981 $908,353 $580,550 $1,613,272 $971,735 Fully Insured 2012 66 Fully Insured 2013 74 Fully Insured 2014 96 Level Funded WellNet 2014 96 Fully Insured Renewal 2015 155 Level Funded WellNet Renewal 2015 155 Total Annual Cost3 EE’s: Year: +$25K +$349K -$328K -$642K +$705K