Three Manufacturing Firms

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RJF Agencies Creates Bottom Line Solutions for Three Different Manufacturing Firms

case studies as a PDF

Client One

A manufacturing firm with 230 employees.

RJF's Results

• Real cost savings of $85,000
• Lowered expected costs
• Total overall savings of $190,000 

Details:

	Our Client's Dilemma Needed help with an $85,000 denied health insurance claim. In addition, they were searching for an agent who could provide administrative and human resources support. RJF's Solution Successfully retrieved the $85,000 claim that was denied, saving them the $85,000 in real cost. Used our retrospective review process to lower expected costs by making appropriate benefit changes and negotiating with the reinsurance carrier. Total savings from the initial renewal was $105,000. Total overall savings was $190,000.

 

 

Client Two

A manufacturing firm with 400 employees

RJF's Results

• Enhanced client's employee benefits 
• Reduction of estimated claim liability by $182,000

Details:

	Our Client's Dilemma The firm was looking for an agency that would reduce their health and welfare insurance rates while maintaining rich benefits for their employees. RJF's Solution Using the same reinsurer, RJF brokered a new Third Party Administrator deal that greatly enhanced the firm’s employee benefits. Reduced the estimated claim liability by $182,000.

Client Three

A manufacturing firm with 600 employees.

RJF's Results

• Renewal rate hike reduction from 22% to 4% 
• Savings of more than $250,000 in the first year 
• Expecting $750,000 in savings after two years 

Details:

	Our Client's Dilemma The manufacturing firm’s health insurance renewal premiums were going up 22%. They needed a risk management consultant who could help them secure lower renewal premiums without sacrificing benefits. RJF's Solution Reduced the renewal rate hike from 22% to an overall increase of 4%. Maintained identical benefits and network. Claims review and marketing approach saved the group more than $250,000 their first year. Of that, $70,000 was in fixed cost and the remainder was in total exposure. Expecting $750,000 in savings after two years.

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