Faced once again with an increase in health plan costs, Schaefer Autobody knew they needed a change. They had grown more and more frustrated with their inability to control their healthcare spend and continue to provide great benefits to their team. Another 9% increase, despite two years of declining healthcare expenditures, just wasn’t going to cut it.
Similar to the way these autobody experts are able to undo the damage of a major collision and get drivers back on the road, Schaefer Autobody needed a partner who could pick apart their plan and put them back in control. That’s where Simpara comes in.
Prior to partnering with Simpara, Schaefer Autobody employees faced the overwhelming decision of choosing between eight different health plans with various deductible levels and hospital networks. By analyzing Schaefer’s demographic, behavioral and clinical risks, Simpara was able to create a clear baseline. Simpara then looked at where the majority of the healthcare costs were currently being spent and discussed the cultural and engagement levels of the Schaefer Autobody team.
The result? A self-funded health plan that would produce Schaefer Autobody a guaranteed savings of more than $200,000 in the first year, while completely eliminating all cost sharing at the employee level. This meant that not only would employee deductibles be reduced to $0, but all routine and specialty care would now be free to employees.
How the Transformation Happened
The goal was to transition Schaefer Autobody to a fully owned and controlled health plan with protections in place against unforeseen risk. To achieve this, Simpara needed to understand the population risk and begin to eliminate the waste inherent in most traditional insurance plans.
Simpara partnered with local health systems and doctors to not only keep money within the community but create win-win scenarios for everyone involved from patients and doctors to Schaefer Autobody, the employer. Simpara also built in-plan incentives to drive better health outcomes and decision-making by putting a dedicated concierge in place to help employees navigate the complex healthcare system.
A true testament to the changes initiated is the feedback from employees. During open enrollment meetings, one Schaefer Autobody employee admitted, “I haven’t had insurance this affordable in 18 years!”
So finally, after struggling with health plan costs that had doubled over the past five years, Schaefer Autobody can look toward a future of lower healthcare costs and improved benefits.
Transform Your Health Plan
Is your business looking for a better way provide benefits? Stop allowing your costs creep up, and make this year the one you decide to take control of your healthcare costs. Shoot us a note, we’d love to connect and share more stories like Schaefer Autobody and how we can help you too!
