Carrier Solutions -Testimonials
Indian Valley Bulk Carriers
Slim Down Healthcare Costs
through KCI Program
For over sixty years, Indian Valley Bulk Carriers, Inc. has been on the road satisfying customers’ material transport needs throughout the Mid-Atlantic States. And since January 2000, Indian Valley has maintained a cost effective, well serviced, self funded health plan. Over the last nine years, they have enjoyed the benefits and savings potential afforded by this type of plan. Walter Kontra, Indian Valley Bulk Carrier Operations Manager prepares spreadsheets every year, comparing the costs of a fully insured program premium against the potential impact under the “worst case scenario” of their self funded plan. In each and every instance, the decision to remain in a self funded plan was completely clear. Walter says, “In all of my comparisons over this time frame, there has never been a situation where the total costs of self funding has exceeded the total cost of having a fully funded plan. In other words, we realize significant savings with very limited downside risk.”
Walter Kontra, Indian Valley Bulk Carriers Operations Manager has been excited by the positive impact of improved coverage for their employees and reduced cost for their company. “I greatly enjoyed working with all the highly qualified individuals from KCI who have brought the benefits of their Carrier Solutions Risk Retention Group Program from concept to a reality for our organization. KCI President Ron Cooperman commented, “Quality organizations like Indian Valley Bulk Carriers are continuously striving to provide superior health care for their employees at maintainable premium levels. KCI is very pleased to offer innovative programs to meet their needs.”
While self funded, Indian Valley Bulk Carriers has endured both minor and major claims. Naturally, each and every significant claim would bring about concern, as Indian Valley Bulk Carrier considered the impact these claims might have on renewal premiums and their ability to maintain a comprehensive health plan for our employees. But the Carrier Solutions Risk Retention Group offers the flexibility of annual increases in specific deductibles and minor changes in plan design to keep costs in line. Walter Kontra commented, “Carrier Solutions Risk Retention Group provides the stability needed to maintain a health care plan for our employees that we feel will provide the peace of mind that we all want. The combined buying power of Carrier Solutions RRG provides all of the members with the cost containment of health care costs we all need.”
KCI also provides transportation companies with a wide array of cost saving group programs including Health (Carrier Solution Risk Retention Group), Auto Liability (Elite Transportation Risk Retention Group) and Workers Compensation (PETRO Trust). “Our goal is to provide our trucking clients with innovative programs and superior service to insure their success,” says Ron Cooperman, KCI President.
Donmoyer and KCI Transport Employees to a High Quality, Lower Cost Health Program
Accountants estimate the average trucking company spends 10 percent of its revenue on insurance. This makes insurance the third largest expense for most trucking companies after labor and fuel costs. With so much riding on insurance programs, business owners must look for alternative ways to reduce costs and increase profitability. J.P. Donmoyer, a dry bulk and commodity transportation organization wanted to improve coverages for its employees while reducing the continually increasing cost of healthcare insurance.
Jim Kretz, J.P. Donmoyer Controller states that, “Structuring our medical benefits through a self-insurance rebate has provided our employees top-notch coverage while saving us over $1,000,000 in the past 10 years versus conventional coverage. We feel that AssureCare with their expertise and value-added programs will help us not only improve our benefit program further but also save additional money. The transition to CSRRG (KCI’s Carrier Solution Risk Retention Group) was smooth with limited issues and was almost seamless to our employees.”
KCI provides trucking companies with creative, new approaches to improving coverages while reducing insurance costs. With over 75 years in the business, KCI has the experience to provide expert guidance and innovative group programs to save clients up to 20% on their healthcare premiums while improving services for their employees. Ron Cooperman, KCI President says, “Our CSRRG leverages combined buying power to set up self-funded plans which result in significant savings and improved control over employees’ healthcare dollars. The benefits can be truly significant, for example, an average year should result in reducing annual premiums by $250,000 for a 100 employee company, while improving out-of-state coverages for their drivers.”
CSRRG allows J.P. Donmoyer to provide top-notch coverage on a self-insured basis. This allows J.P. Donmoyer to take advantage of additional cost savings that come with a larger insured base. CSRRG also provides a more stable plan and eliminates potential large claim issues that affect plans with a smaller number of insured lives. This results in very predictable insurance costs, while the large insured base allows all members to reduce administrative costs significantly.
Jim Kretz, J.P. Donmoyer Controller states, “I am confident that CSRRG will continue to help us control claims expenses by the use of wellness programs, claims review, the use of multiple provider networks and the negotiating strength that a larger group provides.” KCI also provides transportation companies with a wide array of cost saving group programs including Health (Carrier Solution Risk Retention Group), Auto Liability (Elite Transportation Risk Retention Group) and Workers Compensation (PETRO Trust). “Our goal is to provide our trucking clients with innovative programs and superior service to insure their success,” says Ron Cooperman, KCI President.
KCI also provides transportation companies with a wide array of cost saving group programs including Health (Carrier Solution Risk Retention Group), Auto Liability (Elite Transportation Risk Retention Group) and Workers Compensation (PETRO Trust). “Our goal is to provide our trucking clients with innovative programs and superior service to insure their success,” says Ron Cooperman, KCI President.