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Almost $100 Million Saved on your Self-funded Medical Plan

April 12, 2017April 8, 2017 by Stacey Sagues

I have been telling you about our recent wins with States like West Virginia and Pennsylvania, but I wanted to share with you the results of one of our long-time customers. Eaton Corporation is a global technology leader in power management solutions that make electrical, hydraulic and mechanical power operate more efficiently, reliably, safely and sustainably. They have been a customer of SSDC since 2006 and have benefited from tremendous health care cost shifting for their early retirees and spouses.

By the numbers:

Total number of Discoveries and Development cases since 2006 = 2,372

Total cost shift including Recovery dollars since 2006 = $97,574,016

Almost $100 million dollars in health care costs have been shifted to Medicare in the last 10 years!

Large or small, public or private, all employers can benefit from SSDC’s Medicare Coordination Services.

Want a refresher, literature or help in approaching clients? Give me a shout.

Stacey Sagues                                                  Philip Lewis

404-951-9023                                                 713-823-8253

Stacey@pegbenefits.com                              Philip@pegbenefits.com

Categories Business StrategyTags insurance, medical brokersLeave a comment

How to save MILLIONS on Self-Funded Medical Plans

November 18, 2016 by Stacey Sagues

I wanted to provide you an example of a long-time client of ours and the savings we continue to drive within their self-funded medical plan.

Results for a long-time customer, from a state on the East Coast, continue to provide significant value. We have been providing Medicare Coordination services for early retirees for this state since 2007, and it continues to provide significant savings after almost 10 years. The latest projections provided the following results:

Savings in 2016 Estimated Future Savings from 2016 Total Savings Since 2007 
$701,020.90 $5,042,159 $72,082,833

Since 2007 we have saved this state over $72 million dollars in health costs by shifting liability to Medicare! These savings are scalable and relative. For example, a city a tenth of the size as this state could experience over $7 million dollars in health care savings to their plans.

These are real savings and they do not negatively impact the employees in any way.

If you would like to learn more on how to offer this to your clients, or if you’re a large employer and would like to learn more, you can reach us at:

Stacey Sagues – Stacey@pegbenefits.com – 404-951-9023

Philip Lewis – Philip@pegbenefits.com – 713-823-8253

 

Categories UncategorizedTags insurance, medical brokersLeave a comment

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