Here’s a game plan when you receive a Major Medical rate increase.
Whether you are looking at fully-insured options or level funding, the Premium Saver is a winning strategy to consider for your group. We use the savings of increasing the out-of-pocket on the Major Medical plan to fund the Premium Saver. This typically saves your group 1-2 months of premium! Here’s an example of how it works:
Premium Saver Plan Example
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Current & Renewal Plan
Current Plan
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$250 Deductible/100% Plan |
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11 Employees |
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Monthly Rate - $8,527.30 |
Renewal Plan (same benefits)
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Monthly Rate - $10,579.90 |
Alternate Plan with Premium Saver
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MM - $5,000/100% Plan |
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PS - $250 Deductible/$4,750 Benefit |
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Overall $250/100% Plan |
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Monthly Premium - $8,388.92 |
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SAVINGS
Monthly: $2,190.98Annual: $26,291.76
Same plan with $500 deductible saves $28,325.88 annually
It’s easy (and free!) to get a quote! Consider Morgan White Group’s Premium Saver for your gap plan solution!
Quoting and Enrollment
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Agent will submit your group information to Morgan White Group |
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Receive a quote in 24 hours (saves 8-12% on average) |
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Complete the electronic enrollment and start saving! |
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