Case Studies
Read our detailed case studies and see how DEBS has helped employers transform their benefit plans.
The DEBS Difference
Our Success Stories
Car Dealership
Industry: Automotive
Problem: This group’s benefit plan was self-funded through cash flow, which means the employer uses its own revenue to pay for benefits. However, they did not have an exit strategy, nor had anyone at the company analyzed the plan in several years.
Solution: Diversified Employee Benefit Services analyzed this group’s deductible and pharmacy usage and negotiated with carriers for better options and rates.
Result: Thanks to DEBS, this client is now fully insured with multiple plan options, a deductible and pharmacy reimbursement program (MERP 105 c, h), under 5% renewal, a custom wellness program, and increased company-wide participation.
Automatic Door Manufacturer and Security Services
Industry: Manufacturing
Problem: This company was overwhelmed with excessive costs, low usage of their group medical plan, and trouble recruiting employees into their benefits program.
Solution: DEBS tailored their plan using a MERP. The MERP 105 c,h plan enabled DEBS to personalize their plan based on the “tenure” of employment, thereby enhancing worker retention through individualized support.
Result: This client has been in partnership with DEBS for over two decades, achieving a 92% employee retention rate and offering more cost-effective premiums.
National Employee Leasing Company – Federal Contractor
Industry: Professional Services
Problem: This long-standing business had been managing a self-insured medical plan for its employees for over 20 years. The rate for this plan was over $1,000 per employee, a significant expenditure for the company. They were in need of a solution that could not only reduce these costs but also enhance the benefits offered to their employees.
Solution: DEBS, an expert in employee benefits solutions, was brought in to review the company’s existing plan. After a thorough analysis, DEBS proposed a shift from the self-funded plan to a fully insured plan. This new plan offered rates in the $400’s, significantly lower than the previous self-insured plan. In addition to the lower rates, the transition resulted in a refund of over $300,000 for the company.
Result: With the savings from the transition, the company was able to reinvest in its employee benefits. They expanded their offerings through DEBS to include ancillary benefits such as dental, vision, life, short-term disability (STD), long-term disability (LTD), and even pet insurance. By partnering with DEBS, the company was able to significantly reduce their costs, improve their benefits package, and invest in the well-being of their employees.
Endocrinology Research Clinic
Industry: Healthcare
Problem: The Endocrinology Research Clinic, a key player in the healthcare sector, was grappling with high insurance premiums, difficulty recruiting talent, and low employee participation.
Solution: DEBS conducted a comprehensive analysis of the clinic’s plan, focusing on deductible usage and the comparison of premiums versus claims. They introduced a new strategy of classifying employees and providing alternate plans based on the description and length of employment.
Result: With DEBS’s expert guidance, the clinic implemented a Medical Expense Reimbursement Plan (MERP 105 c, h); which led to increased savings. In addition, they expanded their benefits plan to include life, vision, dental, and additional disability products. This strategic move not only alleviated the clinic’s financial burden but also boosted employee participation and retention.
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