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| Case Studies |
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Saving a company tens or hundreds of thousands of dollars in premiums and prescription costs annually is a common outcome of Cornerstone Group’s benefit plan analysis and counsel. As detailed in these case studies, businesses in every sector rely on Cornerstone Group to develop plans that empower employees while significantly boosting corporate profitability.
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Background:
RouteOne is a Web-based credit application management system developed by the finance arms of DaimlerChrysler, Ford Motor Company, General Motors, and Toyota to better meet the needs of dealers. The technology enables dealers to process credit applications to their captive finance company and independent finance sources without entering the data more than once. 1 location and 90+ employees.
Challenges:
- Meet the specialized needs of a high-tech IT start-up company
- Enable the company to transition to a local broker from one located out of state
- Apply the broker’s understanding of networks and carriers through huge backroom support normally available only from big companies
Key Activities and Results:
- Successfully deployed an online enrollment system
- Negotiated extended rate guarantees for all lines if coverage
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Background:
Jackson Community College (JCC) serves more than 6,200 students. With an average age of 25, the majority of students is engaged in part-time studies. JCC has 94 full-time faculty and 228 full-time personnel, and 278 people work there part time.. 5 locations and 700+ employees.
Challenges:
- A variety of contribution schedules
- Multiple enrollment forms
- An under-funded Human Resources Department
Key Activities and Results:
- Provided a more readily usable enrollment form
- Issued an easy-to-use benefits booklet that provided quick references and answers for employees, thereby reducing the burden on HR.
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Background:
For more than 75 years, Guardian Alarm has been a leader in safety systems for families and homes with its burglar, fire, life-safety and medical alarms. Guardian offers the most comprehensive and advanced commercial grade security systems in its industry. 5 locations and 700+ employees.
Challenges:
- Provide plan choices for a variety of income levels
- Improve the ease of communications to employees working in many locations
Key Activities and Results:
- Provided easy-to-use benefit booklets for six different locations with eight different health plans.
- Produced savings of $139,000 by changing the pharmacy benefit manager
- Generated $83,000 in savings for the company by consolidating HMO plans to one area
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