Situation
IT services company with 55 employees was concerned with their rising health insurance premiums. They had just gotten hit with a 30% increase, bringing their total premium to $37K monthly.
Solution
Using our expertise and deep carrier relationships, we were able to reduce their premiums to $28K monthly while increasing their current benefits. We did this by analyzing their historical claims data to identify the weak spots. Armed with this information we were able to create a plan that best suited the company’s needs.
Success
- In addition to the monthly savings, the company received an additional $35,000 refund from the insurance company due to low claims utilization for that plan year.
- This was achieved due to our monthly claims fund analysis where we analyzed the various claims and educated employees on more efficient and cheaper ways to use their insurance plan (Eg: finding a generic version of a prescription drug that initially cost 4X).
- This claim alone increased the refund by $6,800 over the course of the year. Thus in addition to the annual savings of $84,000 of premiums, we were able to generate a further savings of $35,000.
Other Case Studies
Client Reviews
I have had the pleasure of working with Vignesh for almost a year.
Coming into my role at oneservice, he proactively contacted me explaining our coverage and ways he thought we could improve the benefits offered to the employees. He continuously is looking for ways to help my company offer more benefits while working to get the most cost-effective options. He and his team are highly knowledgeable, communicate continuously, understand our unique needs of having employees all over the country not just in one location, and work to ensure my employees and I are kept well informed will any questions answered thoroughly and quickly. The support has been amazing! I would recommend Vignesh to anyone looking to work with a very professional, supportive underwriter who has not only the company's but the employees' well being in the front of his mind.
Jonathan Mensch
President North America at oneservice, Inc
I highly recommend working with Vignesh.
We engaged him four years ago to help us with our family financial planning. Vignesh has used various strategies and out of the box thinking to consolidate our financial assets and make our portfolio more manageable and organized. He always puts his client's interest first, and has been a reliable and tremendous asset for both our personal and business financial needs. If you or your company are looking to work with someone who is knowledgeable and has your best interest at heart, look no further.
Ramesh Balan
CEO and Founder at Knomadix
Vignesh is a detailed person,
He listen what his clients want and provide solution dynamically. Very responsive and reliable. I hired him and will hire him for my future insurance related services.
Arun Kumar
President & CEO of CAP Digisoft Solutions Inc./Flobile, John Maxwell Certified Speaker
We have worked with Vignesh for several years
And have been very happy with the service and knowledge he has. He and his team have provided us innovative solutions to help us to save a lot of money on our company health insurance while also helping us receive a refund of premiums for additional savings to our business.
Baku Kshartriya
President at ECOM Consulting, Inc
