{"id":40,"date":"2022-04-09T19:42:20","date_gmt":"2022-04-09T19:42:20","guid":{"rendered":"https:\/\/incenta.net\/?page_id=40"},"modified":"2022-07-15T14:12:57","modified_gmt":"2022-07-15T14:12:57","slug":"results","status":"publish","type":"page","link":"https:\/\/incenta.net\/index.php\/results\/","title":{"rendered":"Results"},"content":{"rendered":"\t\t
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Results<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\"\"<\/figure>

CASE STUDY 1<\/h3>

\nIndustry: Food Distributors
\nSize: 97 Employees
\nLocation: Midwest
\nIncenta Client Since 2021<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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INCENTA Reduced Annual Health Insurance Cost $382,000<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Highlights:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • \u00a0<\/span>In 2021 the company faced a 20% health insurance rate increase.<\/li>
  • \u00a0Total 2021 premium quote: $1,002,000.<\/li>
  • \u00a0INCENTA implemented an Integrated Health Plan\u2122 moving from fully insured to partially self-funded.<\/li>
  • Total 2021 cost: $620,000, a 38% reduction.<\/li>
  • The IHP\u2122 design:
    • Increased employee plan choices from 2 to 4.<\/li>
    • Lowered employee premiums.<\/li>
    • Lowered max out of pocket exposure.<\/li>
    • Introduced a telemedicine feature.<\/li>
    • Utilized a health plan coordinated by affiliated employers.\u00a0<\/span><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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      Moving forward, the employer now owns their health plan design and owns their claims data. This will enable the plan to avoid historic double digit rate increases. The employer now participates in stop loss policy dividends which totaled $60,000 in 2021. This level of participation is expected for the years ahead.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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      \n\t\t\t\t2020 Plan Cost $797K<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      \n\t\t\t\t2021 Renewal Quote $1.002M<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      \n\t\t\t\t2021 Actual Plan Cost $620K<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      \"\"<\/figure>

      CASE STUDY 2<\/h3>

      INDUSTRY: Legal Services
      \nSIZE: 140 Employees
      \nLOCATION: Southwestern U.S.
      \nINCENTA Client Since 2012<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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      INCENTA Lowered Cost $250,000 and Maintained\nLevel Renewal Cost for 10 Years.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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      Highlights:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      • In 2012 the company utilized a fully insured health insurance plan with an annual cost of $1,200,000.<\/li>
      • INCENTA introduced its Integrated Health Plan\u2122 within the fully insured coverage model and delivered first year savings of $250,000.<\/li>
      • Introduced a new partially self-funded plan design.<\/li>
      • Delivered unprecedented consistency in renewal costs.\u00a0<\/span><\/li>
      • Approximately $5,000,000 of cumulative savings when comparing actual cost to a 4% renewal increase.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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        Over the ten year period, INCENTA periodically identified and implemented plan improvements. Changes included the use of Health Reimbursement Arrangements, Health Savings Accounts, changes to insurance providers and benefit brokers. INCENTA\u2019s IHP\u2122 recognized the need for varied insurance choices to meet the needs of varied compensation levels. This resulted in below market renewal cost while maintaining a consistent employee experience. The employer is now participating in stop loss insurance rebates, owns the plan\u2019s claims data and is well positioned for the years ahead. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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