Self Funded Platform:

Controlling Costs at Renewal

$1.7 MILLION +

Increased surplus retained from $0 to $1.7 million in one year

47%

Reduced claims spend by 47% over one year

$350K +

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

The Situation

One of our broker partners successfully built a block of business by transitioning clients and prospects to a self-funded consortium.

The prior program lacked carrier and network transparency, claims management and cost containment features, leading to significant increases in medical stop-loss premiums for these groups, making self-funding unstable.

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

Goals

CLIENT:

Long-term strategy to control costs and stabilize the self-funded consortium.

BROKER:

Stabilize the self-funded consortium and achieve cost savings for the block.