Challenges

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  • Prestigious VC that used TriNet.
  • They had BCBS plans - wanted to explore other carriers.
  • Wanted a PEO that provided guidance that complemented their structure.
  • Any new PEO had to be certified and have a national presence.
  • They had never looked at another PEO.

Solutions

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  • We found another PEO that made sense for them.
  • We offered them options from Cigna, Aetna, and UHC. They chose UHC.
  • Worked with the client and the PEO to ensure the PEO complemented the VC's structure.
  • Shopped the ancillary market and gave them 12 choices in carriers.
  • The new PEO was Certified and National.

Bottom-line

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1
Administration Fees

The group was overpaying for their administration fees because it was bundled together with their SUTA and Workers' Comp. Now it's transparent and in line with their headcount.

2
Insurance Savings

We were able to find comparable plans with Aetna that were half of what they were paying. Workers' Comp cost was reduced by $12,387.12.

3
Overall

We found the client a much better-priced option. We unbundled their costs and found a more suitable PEO solution for their needs.