How 90 Degree Benefits Cut Healthcare Costs by 27% for One Manufacturer Client
For many employers, rising healthcare premiums feel inevitable. Each renewal season brings another double-digit increase, forcing hard decisions about benefits and budgets.
That was the reality for one Northeastern manufacturing company spending more than $1.1 million annually on employee benefits. With premium hikes ranging from 15% to 30% each year, the employer knew the trend had to stop or they’d have to make drastic cuts.
A Smarter Strategy for Sustainable Savings
When the company partnered with 90 Degree Benefits, we collaborated with their broker to implement a comprehensive, data-driven approach that targeted the key drivers of cost without compromising employee care.
Here’s how we did it:
- Rx Cost Relief: Many plan members qualified for manufacturer drug assistance and government programs, cutting unnecessary pharmacy spend.
- Proactive Medical Management: By implementing medical management, we ensured appropriate care and utilization, improving outcomes while controlling costs.
- Smart Plan Redesign: The benefit plan was restructured to guide members toward high-quality, cost-efficient providers and facilities, improving value across the board.
The Results: Five Years of Measurable Impact
The results speak for themselves. Over five years, this strategic shift delivered consistent, sustainable savings and measurable peace of mind.
- 27% reduction in PMPM costs
- 2020 PMPM (Projected): $504
- 2025 PMPM (Actual): $368
- Zero employee premium increases in over five years, despite national healthcare cost trends climbing sharply.
The employer not only broke free from the fully insured cycle of unpredictable rate hikes but also achieved greater member satisfaction and long-term stability.
A Better Way Forward
For this manufacturer, partnering with 90 Degree Benefits meant building a smarter, sustainable plan that puts both the business and its people first.
If your organization is ready to break the cycle of rising healthcare costs, we’re ready to help.