An industrial machinery company with 10 branches in 3 states had 7 fully insured medical plans between 4 different insurance companies. The company was suffering unsustainable, double-digit annual renewal increases in addition to a misalignment of economic objectives between the employer and employees.
The company saved $2.5 million over 5 years and lowered their renewal increases to an average of 3.2% a year. Download the full story above to see how Alera Group was able to help this company with long-term savings.
Contact us if you’re interested in learning more about saving on your Employee Benefits without sacrificing quality.