THE CHALLENGE
EMPLOYEES
With 375 employees on their plan, Batesville Tool and Die faced a significant challenge when presented with a large increase.
BATESVILLE TOOL AND DIE'S AVERAGE MONTHLY PROGRAM COST WAS
THE CHALLENGE
Batesville Tool & Die was in a self-funded insurance program that was facing significant financial challenges due to improper management. Escalating medical claims, soaring prescription drug costs, and administrative inefficiencies led to unsustainable expenditures. Without effective cost control mechanisms and proactive health initiatives, the program's rising costs were straining the company's financial health. Immediate strategic intervention was essential to regain control and ensure long-term sustainability.
MEETING THE EXPERTS
Batesville Tool & Die found Conner Insurance at a critical juncture when the escalating costs of their self-funded insurance program had become unsustainable. Conner Insurance's expertise in managing self-funded programs and implementing effective cost control measures provided the much-needed intervention. Their strategic approach to health benefits management and administrative efficiency helped Batesville Tool & Die regain control over their healthcare expenditures, ensuring financial stability and improved employee satisfaction.