USI has built a proprietary analytical tool to analyze the renewal, determine the impact of carrier fees buried in the claims, and optimize employer savings. Estimated savings of 1% to 3% of total health plan costs.
We’ve estimated the financial impact for you. Feel free to update the assumptions.
- USI ensures hidden fees are considered when comparing alternative carrier proposals
- USI identifies revenue sources typically reported as claims expense to quantify total carrier revenue, improving negotiating position
- USI provides an estimate of a health plan's hidden fees and compares to the USI database of hidden carrier fees
- Armed with this detail, USI underwriters are better positioned to negotiate renewals with carriers
Administrative fee increases are typically less than 5% from year to year, but this does not account for other claim-based fees that are growing at inflation rates of 5% to 15%.
Unlike other brokers who simply check the carrier math and spreadsheet-explicit carrier fees, USI takes a holistic view of the carrier renewal and hidden employer expenses.
Carrier revenue comes from many sources not explicitly identified as fixed administrative fees. Examples include fees charged through the claim account for network access, shared savings negotiation, and capitation.
I’d like to explore further how USI can help our organization ensure cost efficiency and transparency in our self-funded health plan.
To get started, USI simply needs to review a copy of your current health plan renewal and your administrative services agreement, complete with contract details.