Employee Benefits

Non-Profit–Mid-Sized

Non-profit

Challenge:
This non-profit with 65 employees enrolled on their health plan competes for talent with colleges and universities that have rich benefit plans. Renewal increases were higher than national trends.  No multi-year strategy in place.  Employer did not want to change to another insurance carrier due to superior medical network of their existing carrier in their area.  Reducing benefits to lower their costs was not an option as it would hurt their ability to recruit and retain talent.

Solution:
Restructured plans to more efficiently allocate employer and employee healthcare budget.  Improved benefits for employees.  No change in health insurance carrier.  Implemented employee wellness programs with participation incentives and rewards.  Provided employee education on healthcare consumerism and transparency tools.

Impact:
Total health plan costs were reduced 16.9% in the first year while increasing the value of the plans over the previous year.  First year savings of $69K.  Average annual increase of less than 1% over a five-year period with no reduction in benefits.  Five-year savings of $540K or $12,558 per employee.

Ready to work with us?

    Alera Group, Inc. is aware that there are persons fraudulently impersonating our company by using fake internet domains that appear to look like our legitimate services. If you are contacted by someone claiming to work for Alera Group, or any of our partners, please carefully review the email address and domain. If you have a relationship with our company, please contact us directly and not through any information that is provided in such an email. Please be extremely careful in responding to such emails with personal and financial information, sharing passwords, or any other information of value. Alera Group, or any of our partners, will never send ACH instructions via email and thus we strongly recommend that you verify the authenticity of each wire transfer request by calling your Alera Group contact using the number you have previously called.