As time continued to pass, composite rates and illegitimately covered dependents took a toll on one food industry’s union benefits. With the thought of having to end coverage closely looming, this corporation called upon Stuart Kahn Associates to help them save the company from having to end its union members’ benefits.
Stuart Kahn Associates stepped into a rather troubled union plan and made a number of changes in order for the group to continue coverage. Noticing that the plan had never been audited, the first step was to save the company from covering non-legitimate dependents and by confirming that only spouses and legally dependent children remained on the plan. Second, the group had previously been provided with composite rates, leaving the company to pay the same amount in premium for each single member, member + spouse, member + children, and family. Stuart Kahn Associates researched comparable plans and implemented a very similar plan with a new carrier and a tier structure.
Immediately following the implementation, Stuart Kahn Associates held open enrollment meetings over a 24 hour period to introduce the changes to each union employee. Such a meeting schedule allowed for the manufacturing facility to continue its operations uninterrupted.
The savings that resulted allowed the company to continue to provide benefits to its employees. Stuart Kahn Associates continues to provide servicing to the company, allowing for the company to experience continued savings.