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 8.2% in healthcare costs by choosing VERIS vs stand alone self-funding.
- VERIS = $11.2M vs SASF = $12.2M
- Total year one savings = $228K
- Total year two savings = $168K
Stand Alone Self-Funding:
- 25% | Aggregate Corridor
- 50% | Stop Loss Rate Caps
- TLR | VERIS target is higher than stand alone self-funding
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| SASF Admin | $72 | $72 | $72 | $72 | $72 |
| SASF Premium | $327 | $399 | $509 | $509 | $544 |
| SASF Actual Claims | $1,003 | $985 | $834 | $741 | $736 |
| SASF Total | $1,307 | $1,456 | $1,415 | $1,322 | $1,352 |
| VERIS Total | $1,336 | $1,343 | $1,265 | $1,217 | $1,275 |
| VERIS PEPM SAVINGS | $95 | $113 | $150 | $105 | $77 |
