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November 26, 2014
  UnionActive Newswire  
 
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Updated: Nov. 26 (16:03)

The Silent Killer of Firefighters
Fire Fighter Cancer Foundation
As Cato Closes in on New England, FairPoint Struggles with Service Issues
NH AFL-CIO
Wage Growth Disparity
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Firefighters Battle Work Hazards
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December 2014 Worker to Worker
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Local 264 Members Answer The Bell
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Premium Management Strategy

Reduce Healthcare Costs by 20% to 30% and Increase Benefits

“The unsustainable cost of healthcare will undermine the economic security of workers and retirees and place enormous strain on government budgets” – Social Security Board 2009

  • What are your plans for rising healthcare costs and retirement liabilities?
  • What is your next step for the 7-10% healthcare increases predicted in the coming year?

The AEGIS Premium Management Strategy (PMS) cost cutting solution will reduce healthcare costs, increase benefits, insure government compliance, and eliminate fraudulent claims; simply an innovative and effective way to save dollars to the health and welfare fund through a unique savings and management strategy of the healthcare dollar.

Key Benefits

  1. No Financial Risk – Aegis Cost Containment Solutions is paid on a percentage of savings.  No Savings.  No Cost
  2. Minimal Administration – Aegis Cost Containment Solutions will handle all administration, communication, data collection, enrollment, and claims.
  3. Flexibility – Plan designs and insurance carriers are not affected.  Implementation can begin any time of the calendar year.
  4. Member is Not Negatively Affected
    • Participants have equal or less contributions
    • Participants have no or minimal out of pocket expenses
    • Reimbursements processed promptly
    • Participants have no reduction in benefits
    • Participants have equal or better coverage
    • Current plan designs do NOT change

Aegis PMS Example:

Without Program

With Program

Savings

Existing Plan

$10,000,000

Year 1

$10,700,000

$9,000,000

$1,700,000

Year 2

$11,449,000

$9,630,000

$1,819,000

Year 3

$12,250,430

$10,304,100

$1,946,330

Year 4

$13,107,960

$11,025,387

$2,082,573

Year 5

$14,025,517

$11,797,164

$2,228,353

Notes:

Number of Members – 1000

PMS Participants – 100

Healthcare Costs Increasing at 7%

Savings per Participant = $10,000




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