Seminary in Ohio saves over $134,000
Organization
United Theological Seminary
Market
Colleges & Universities
Previous Plan
Traditional Group Plan
Size
488 Students
112 Employees
Location
Dayton, OH
Challenges
United Theological Seminary is a graduate school of the United Methodist Church that continues education to prepare Christian leaders. Before Remodel Health, the seminary identified unpredictable and steep rate increases as a threat they were facing. UTS addressed this issue by searching for alternative healthcare options to create stability for the organization.
Faced 10-13% rate increases.
Spent more than $400,000 annually on health benefits.
Solutions
Utilizing the Remodel Health platform, United Theological Seminary was able to . . .
Reinvest back into their employees.
Avoid healthcare rate increases.
Experience initial savings of $134,000.
Key wins
After switching from their previous plan, United Theological Seminary was able to save over $134,000 and has an estimated savings of $160,000 in the next year. Salaries and HSA contributions for employees were increased as a result of the savings that UTS experienced. With their group plan, UTS was facing a 10-13% rate increase. After transitioning to Remodel Health, the organization reduced this risk while providing better healthcare options for employees.
UP TO $134K IN SAVINGS
REINVESTING INTO EMPLOYEES
AVOIDED RATE INCREASES
By trusting Remodel Health's solution with their health benefits, United Theological Seminary was able to reduce risk and provide better benefits to their employees.
