Marine Manufacturer
Overview
Their business is made under water but their employee benefits rise to the surface
Tags | manufacturing, RBP, rebates |
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The Challenge
North America’s leading marine equipment manufacturer was experiencing soaring costs between their existing PPO and Rx plans. Because of the distribution of employees across the nation, migrating to a new self-funded model proved not only logistically challenging, but there were questions about compliance in varying states.
- Multiple employee “hubs”
- Diverse range of employees; large disparity of socio-economics
- Low benefits savviness
Our Solution
Keep your benefits above the waterline
Given the complexities found within the demographics of a manufacturing workforce, moving to a more flexible model allowed the group to maximize the cost reduction strategies specific to this industry. They were able to implement:
- Medicare-Like Rates
- Transparent pharmacy benefits manager PBM
- PPO with full Transparent Health Benefits
- Incentives to high quality facilities
Results:
