Met with HR Director of a 25 enrolled employee company who was confident that they were on the best situation possible but the CEO asked to get a second opinion. Only a few pieces of information was provided and a few days later a presentation was done.
They were paying $27,711.68 a month with carrier A on a $1K deductible traditional plan. After a thorough evaluation the same plan design was presented with the same provider network the only difference was the insurance carrier. Carrier B was able to offer them a 19.35% savings. This is a $5,362.21 savings a month and $64,346.52 a year. Additionally, introducing the right HSA plan gave them an extra 15% savings, and lowered their maximum out of pocket.
Total annual savings of over $73K