How Contract Scrutiny Led to 24% Savings and Flat Employee Contributions
Any cost-effective employer-sponsored health insurance plan requires transparency and vigilance. But, that’s easier said than done. With the complexity of the product and the opaque nature of the contract negotiation process, it can be difficult for burdened HR teams to keep track. Soon, organizations find themselves over budget and unable to pinpoint problems. This was […]
How Corporate Synergies Solved A Private School’s Rising Premiums Without Cutting Coverage
When it comes to employee benefits, sometimes big savings can come in low impact packages. But to get there, you need the right strategy and toolkit. For a large independent private school in New York City, uneven participation in their tiered health plan meant unnecessarily high costs for the institution and plan members. But with […]
How A New Health Plan Funding Arrangement Saved an Independent Private School $1.8 Million and Counting
Change is hard. Especially when that change comes at the end of a 20-year relationship. But, for one nearly 200-employee independent private school in New York City, tackling change head-on resulted in $1.8 million in savings for year one and nearly $1 million in annual savings over each of the following three years. How? By […]
How Corporate Synergies Modernized a Benefit Plan to Attract Top Talent
The employee benefits industry—and the larger employee compensation landscape—changes frequently and seismically. It’s vital for organizations to keep up with these industry shifts to attract and retain the best talent. But it’s not always easy. One high-profile global nonprofit foundation’s antiquated health insurance plan from a legacy broker left them behind the curve in a […]
How Corporate Synergies Helped a Growing Nonprofit Build Benefits That Fit Their Culture
Mission-driven and nonprofit organizations know—better than anyone—who they are and what they represent. These groups understand the importance of good investments and putting people first. They also know how to stretch their dollar to get the most of that investment. For one New York City-based nonprofit organization in the mental health space, institutional growth provided […]
How Education and Advocacy Saved One Employer 32% in Health Premiums
Your benefits consultant should be working closely with the HR team, learning their business and providing education and support to make decisions easier. They should also be monitoring claims and renewals to ensure rates are competitive and cost effective. But, for one brand-name pharmaceutical manufacturer, working with a big-name benefits broker left them feeling like […]
