A major freight and logistics company based in the Midwest saw rising health insurance premiums for its workforce of around 20,000. With employee health and well-being as a top priority, their benefit management company looked for opportunities to reduce costs while ensuring their employees still received high-quality benefits and service.
The freight company contacted the SmartConnect team, which specializes in seeking innovative ways to lower costs without sacrificing the quality of coverage. Knowing that older employees are remaining in the workforce — 25.5 million workers are between the ages of 55-64 with an additional 10 million over the age of 65 — the SmartConnect solution serves as a trusted Medicare advocate for HR teams, benefit professionals and a company’s employees.
Working with the employer’s benefits team, SmartConnect provided education and information to employees about utilizing Medicare benefits rather than group coverage. In many cases, employees realize direct savings by transitioning to more cost-effective benefits through Medicare programs designed specifically for those over the age of 65 (or Medicare eligible).
A dedicated, in-house team of SmartConnect agents made the process easy, with on-going advocacy extending into retirement which saved hours of time and effort for the employers and employees.
A single employee and their spouse contribution cost this retailer an average of $615.90 a month, while just an employee contribution cost the employer $277.53. While using the SmartConnect Active Plus offering, the retailer transitioned 40 individuals off their group coverage, saving on average $5,360.58 per individual annually. Their total savings for all employees was $214,423.20.
This is a solicitation for insurance. Not connected with or endorsed by the U.S. government or the federal Medicare program. SmartMatch Insurance Agency and its divisions are licensed to sell insurance products in all 50 states and DC. Callers will be connected with a licensed insurance agent who can enroll you into a Medicare Advantage, Prescription Drug (Part D) and Medicare Supplement insurance plan.
We do not offer every plan available in your area. Currently we represent 9 organizations which offer 3,239 products nationwide. You can use our Plan Finder tool to see the exact number of carriers and plans we offer in your area. Please contact Medicare.gov, 1-800-MEDICARE (24 hours a day/7 days a week), or your local State Health Insurance Program to get information on all of your options. The plans we represent do not discriminate on the basis of race, color, national origin, age, disability, or sex. Not all plans offer all benefits. Benefits may vary by carrier and location. Limitations and exclusions apply. No obligation to enroll. SmartMatch Insurance Agency represents Medicare Advantage HMO, HMO SNP, PPO, PPO SNP, and PDP organizations that have a Medicare contract. Enrollment in any plan depends on contract renewal.
PLEASE NOTE: Medicare Supplement insurance is available to those age 65 and older enrolled in Medicare Parts A and B and, in some states, to those under age 65 eligible for Medicare due to disability or End-Stage Renal Disease (ESRD). Enrollment in a plan may be limited to certain times of the year unless you qualify for a Special Enrollment Period or you are in your Medicare Initial Enrollment Period.
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