Summit’s tailored approach can reduce costs, expand benefits, and help strengthen financial stability for a large-scale organizations.
THE CHALLENGE:
A government contracting entity operating across 48 states faced significant challenges in managing benefits for over 1,000 employees across multiple subsidiaries.
Each subsidiary had unique benefits plans, making it difficult to coordinate healthcare, dental, vision, and ancillary coverage under a single health plan.
Compounding the complexity, the organization needed to ensure compliance with trust bylaws and manage input from multiple trustees with varying priorities. Additional challenges included maintaining a preferred provider network while optimizing costs, effectively managing reserve funds, and ensuring the long-term financial stability of the health plan.
WHAT WE DID:
Summit Financial Group approached the challenge with a thoughtful, personalized strategy, beginning by assigning a dedicated account manager to streamline communication and serve as a single, trusted point of contact. Summit carved out the stop-loss insurance from the existing provider, securing better terms with no new lasers and a 25% annual rate cap.
To address the complexity of managing multiple subsidiaries, Summit implemented tailored rate models and provided detailed monthly funding invoices, making the process more efficient for everyone involved.
Summit helped the organization grow their reserves to over $5 million in 2023, providing a stronger financial foundation that supported consistent rates and enabled the addition of future benefit enhancements.
For 2025, Summit introduced innovative updates, including infertility treatment coverage and an international drug- sourcing program for zero-cost maintenance medications, creating meaningful value for employees.
THE RESULT:
These efforts led to a 7.5% reduction in overall medical rates for 2024, a rare achievement in today’s rising healthcare cost environment.
In 2025, the organization was able to maintain the same rates while adding significant new benefits. Summit’s personalized approach earned trust at every level, with the client frequently praising their responsiveness and collaborative problem-solving.
