Ohio town's new health insurance broker saves it over $2 million
Niles, Ohio, a town of nearly 20,000, sounds like it might trim over $2.3 million from its total health care prices this year compared to 2015, because of the efforts of the city’s new insurance agent, Michael Zaluski, president of Specialty Insurance.
Insurance agents generally solely appear to form the news once dangerous things happen – insurance fraud, breaking laws, elder abuse, etc. That’s why i prefer it once agents get a public pat on the rear for employment well done.
Here’s Associate in Nursing excerpt from the article explaining however this specific scenario came to be:
City council, in want of excellent monetary news in an exceedingly time of business emergency, got $2 million price of it from its health-insurance broker [on June 1].
Michael Zaluski, president of Specialty Insurance, aforementioned substantive changes to health care coverage he instituted since changing into the city’s insurance agent last July created the savings potential.
“You paid [more than] $5 million total health care prices in 2015, however your price can solely be $2.7 million if town continues to average $200,000 a month in medical claims,” Zaluski aforementioned. That may quantity to a savings of over $2.3 million from the previous year.
Zaluski aforementioned 445 folks area unit insured by town. Of that figure, a hundred sixty five area unit staff, and also the rest area unit spouses and youngsters. Town is self-insured.
Zaluski aforementioned a lot of of the savings came from dynamical the leasing of hospital networks to reaching to them directly – a amendment he straightaway initiated.
“You saved $900,000 in medical claims this fashion,” he told council. “I have 9 purchasers, and none of them lease.”
Higher deductibles and co-pays were instituted once conferences between town and its unions.
Council members puzzled why town chartered all those years, and questioned why the excessive prices were allowed to continue. Steve Papalas, D-at large, aforementioned previous insurance brokers were awarded the contract by then-Mayor Ralph Infante while not competitive bidding. against this, Zaluski won the contract once he and 3 alternative corporations submitted bids.
