A manufacturing business had experienced double-digit rate increases for 3 years prior to working with Adept Benefits.
Family-owned manufacturing business
170 covered lives
Provided a $500 deductible plan with a 100% contribution for employees and dependents.
Low turn-over, aging demographics
For several years they received double-digit rate increases from their broker. They increased the deductible, copays, out of pocket maximum and implemented a HRA (health reimbursement arrangement) to help reduce costs. Costs continued to escalate at a much higher percentage than employees were receiving wage increases.
Through our employee benefit plans and strategy the initial savings was 30% with the expected closer to 50%. We substantially reduced the employer's cost while simultaneously providing substantially reduced healthcare costs for employees. In many cases employees can receive free healthcare for provider visits, diagnostic lab & x-ray, outpatient surgery and many prescriptions.
Healthcare should be affordable, and we make this possible for the clients who engage with us.