Lower Benefits

When employers think of looking at health plan options this is a common thought. “Let’s lower the benefits and stay with the current insurance company and go about our business”.   This is pretty self-explanatory and could lead to savings.  One example is moving from one plan to another saved $10,500 for a 10 employee company. The before and after benefits:

                                        Plan “A”            Plan “B”

Office Visit               $30                     $40 

Deductible               $0                       $1,500

Hospitalization      $500/day       30%

Rx                                   $10/35           $10/$30

Same doctors and insurance company