2023 SharedFunding Case Study

Challenges

A 100 eligible life employer with 70 employees on the plan received a 14% medical insurance increase and were left with what seemed like no options to curb costs. The group provided BBG with a simple census, and their renewal packet and we prepared a proposal with concrete pricing. We were able to show a 6 figure reduction in premium below the current pricing without sacrificing the level of employee benefits.

Solution

The BBG SharedFunding program delivered a solution the conventional incumbent broker could not offer. We designed a plan that delivered the same level of benefits with a significant premium reduction. BBG worked with all employees to ensure they understood their new benefit and delivered the level of service required by each member.

Currently

The group is experiencing a premium reduction of $120,000, and their employees are settled in and well taken care of, thanks to the help of BBG. Leadership has expressed their gratitude for bringing this solution.

At a Glance

BBG Inc. is a trusted partner for businesses locally in Ohio and on a national scale, providing employee benefits administration solutions that help companies take control of their healthcare costs.