The Perfect Gap strategy for group medical premium savings
Over the past 15 years, we’ve helped hundreds of groups achieve significant cost savings with this innovative savings solution. With medical costs increasing every year due to health reform and other market conditions, agents and employers are looking for proven alternatives that provide the high level of benefits they are accustomed to, while at an affordable cost. Let us show you how the Premium Saver can be your secret weapon to fight the high costs of healthcare.
Watch Webinar Video Request a QuoteFits with Most Major Medical Carriers
The Premium Saver works seamlessly with virtually any major medical carrier. Whether fully insured, level funded, or even self funded, the Premium Saver can work with most major medical plans to create savings.
Save 10-20% on medical premiums
Get savings for your current clients or win new clients with this proven strategy. Our goal is to save clients 1 to 2 months of premiums dollars, while maintaining or improving benefit levels and generating savings of 10-20%.
Comprehensive Benefit Coverage
Our plan mirrors the underlying medical plan with coverage for typical deductible expenses. The plans pays directly off the major medical EOBs, so if it’s covered by the major medical then it’s generally good to go.
Custom Plan Designs to Fit Any Need
The Premium Saver gives you more options as our plans are fully customizable. We give you more flexibility to find the right benefits while meeting the budget requirements. Plan options with coinsurance or 100%.
The Premium Saver Advantages
The Premium Saver offers agents and employers a powerful tool to manage the volatile group medical marketplace. We have strong carrier partners along with simple underwriting guidelines. Let us show you how the plan works and how easy it can be to obtain a quote.
It’s easy to get contracted in just a few simple steps. Once you complete your agent info online your are ready to quote and sell from day one.
Get started today: Agent Contracting
The Premium Saver is available with Amfirst Insurance and Standard Life and Accident. These are A rated carriers with AM Best.
The Premium Saver is available for groups of 2 or more. We have enrolled groups of 2 all the way to 500 or more. The strategy works for any size group and our goal is to achieve 10-20% savings regardless of group size. For larger groups the savings can be hundreds of thousands of dollars.
The Premium Saver is considered employer sponsored as we do not have a voluntary option. However, we give groups a great level of flexibility as there are no specific contribution requirements to the employer. Costs can be shared with the members as the plan is typically offered to employees as a “package deal” with the major medical plan.
Enrollment for the Premium Saver is simple. We typically can enroll a group with 3 pieces of information: the completed and signed group application, an employee census spreadsheet (template provided), and the binder check.
Why Choose the Premium Saver
- Simple 2 Layer Strategy for group medical
- Achieve savings of 10-20% or more on premium costs
- Comprehensive benefits with no “holes” in the coverage
- Custom proposals to meet the needs of each group
- Simplified enrollment with no employee app’s required
Premium Saver Webinar
Watch this short webinar video to learn more about the Premium Saver plan.
We give brokers a higher level explanation of the Premium Saver plan and how this strategy can help your clients save premium dollars. We explore an example group and answer many common questions about the plan.
Premium Saver Case Study
Total Monthly Savings… $4,181.78* Total Annual Savings… $50,181.36*
The example below shows a 68 person broadcasting company that currently offers their employees a $2,000 deductible BC/BS plan. At renewal, the group received a 19% increase, raising their $400,000 annual premium to $477,980.76. To save the employer premium and maintain benefits, the broker recommended changing to an affordable High Deductible Major Medical, then adding our group supplemental insurance plan to fill the deductible and cost sharing holes.
The Result? A guaranteed annual savings of over $50,000. The employer saved money. The employees maintained the same deductible. And the agent earned commission on both plans — the major medical and the Premium Saver.
The Most Interesting Insurance Agent in the World
…I don’t always sell Gap plans, but when I do I sell the Premium Saver.
He’s the most interesting insurance agent in the world. Find out why his sales are legendary…
Stay covered, my friend…
Premium Saver – Availability
Why Partner with Us
- Get a free custom agent website to sell online
- No appointment fees or production requirements
- Direct deposit commissions for your sales
- Get access to our Broker Portal website to view client data, commission info, and more
- We are here to support and assist our agents with any product and service needs
What Client’s Say
Group Exchange
Streamline your quoting and enrollment process. Now you can enroll the Premium Saver electronically through the exchange.
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