Client Profile
Privately-Owned Foundry
140+ Years in Business
Avg Employee Count: 150
VERIS Outcomes
Total year one savings = $52,200
Total estimated year two savings = $646,200
Employer estimated surplus after 4 years = $1.3M
VERIS Proposed:
- 10% aggregate corridor
- Pay at Max model
- Annual rate caps on stop loss and total funding
Fully Insured:
- 2021 pricing based on actual renewal
- 2022 – 2025 Gross claims fund priced at 84% LR
- 2022 – 2025 Assumed med/rx trend at 10%
$1.5M | 2020 FI Premium
15.5% | January 2021 FI Renewal
$1.7M | 2021 FI Premium
Fully insured carriers may offer a rate hold as a good deal because it’s less than trend, but without access to claims data, employers don’t realize their claims suggest a rate reduction, not just a flat renewal.
The client saves 27% in healthcare costs by choosing VERIS vs. Fully Insured.
| 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 |
