The Challenge
A mid-sized employer was blindsided by a significant renewal increase. Neither the company nor its employees could absorb the additional premium without making painful budget cuts or cost shifts.
How Pancoast Helped
Referred to us by a trusted partner, the client was seeking a creative alternative to an unsustainable renewal. We redesigned their PPO plan, introduced a high-deductible health plan (HDHP) with an employer-funded HSA contribution, and restructured contributions, ensuring no added cost to employees.
Results
- 35% reduction in projected costs
- $160,000 in annual savings
- No change in employee contributions
Unexpected Wins
Enrollment in the HDHP exceeded expectations, and employees were genuinely grateful for the financial stability it offered, especially during a time when rising premiums seemed inevitable.
Why It Matters
The decision-maker was celebrated internally for her leadership and cost-saving strategy, earning credibility with the executive team and appreciation from employees.
Our Impact
With creative plan design and clear communication tools, we helped transform a looming financial challenge into a win for both leadership and staff, demonstrating the power of Pancoast’s consultative approach.
Facing a Tough Renewal?
We help clients navigate complex cost challenges with clarity and creativity.