$2.8 Million in Savings

The Lead - 2017

$2.8M in Savings, Plus Better Tracking and Compliance:

LBS helped a large insurance carrier tame COBRA costsSee How Lifetime Benefit Solutions Helped a Large Insurance Carrier Tame its COBRA Costs.

A national, diversified health care organization based on the east coast was confronting three issues with its internal COBRA department:

1. Its costs were unusually high, due to an antiquated system that required manual processing;

2. Compliance issues were resulting in fines because the COBRA program was not being administered properly;

3. They were merging with an affiliate in another state and needed expert help to navigate the challenges of COBRA compliance while reducing administrative and compliance costs.

The solution?

Partnering with Lifetime Benefit Solutions for COBRA administration saved an estimated $2.8M per year and significantly improved tracking capabilities. Read how here.

 

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