Client Profile
Privately-Owned Foundry
140+ Years in Business
Avg Employee Count: 150
VERIS Advantages
110% Aggregate Corridor for Precision
Employer Retains 100% Surplus
Pay at Max Model for Cash Flow Options
VERIS Savings:
The employer saves 27% in healthcare costs by choosing VERIS vs. fully insured.
Employer estimated surplus after 4 years = $1.3M
Total year one savings = %52,200
Total estimated year two savings = $646,200
Stand Alone Self-Funding:
$1.5M | 2020 FI Premium
15.5% | January 2021 FI Renewal
$1.7M | 2021 FI Premium
- 2021 Pricing based on actual renewal
- 2022 – 2025 Gross claims fund priced at 84% LR
- 2022 – 2025 Assumed Med/Rx trend at 10%
Fully insured carriers may offer a rate hold because it is less than trend, but without access to claims data, a rate reduction – not a flat renewal – is the accurate rate.
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| VERIS Admin | $97 | $70 | $70 | $67 | $59 |
| VERIS Premium | $327 | $353 | $361 | $409 | $480 |
| VERIS Actual Claims | $883 | $920 | $834 | $741 | $736 |
| VERIS Total | $1,307 | $1,343 | $1,265 | $1,217 | $1,275 |
| FI Total | $1,336 | $1,702 | $2,137 | $2,137 | $2,137 |
| VERIS PEPM SAVINGS | $29 | $359 | $872 | $920 | $862 |
