Controlling Costs at Renewal

Increased Surplus by $1.7 Million in One year

$1.7+ MILLION

Increased surplus retained in one year

47%

Reduced claims spend over one year

$350k +

Saved more than $350,000 in claims through med & Rx intervention

The Situation

Our broker partner had successfully built a block of business by transitioning clients to a self-funded platform; however, the group was having difficulty managing claims and started to experience significant increases in their medical stop-loss premium at renewal, making self-funding unstable for these groups.

Partnership

Crumdale Specialty worked alongside the broker to understand the current suite of vendors serving the group of accounts to identify improvements that could be implemented.

Control costs at renewal

The Results

IMMEDIATE RESULTS

Crumdale Specialty successfully stabilized costs, offered transparency and flexibility to the block, and significantly reduced spending over the next year through a market-leading PBM contract, Rx cost-containment solutions and active medical and Rx claims monitoring and management.