Maximus Rose mobilized its extensive network of third-party programs, government support channels, and pharmaceutical assistance partnerships. Through the intervention of a specialty partners, Maximus Rose successfully eliminated a $1 million drug cost from the client's plan, preventing future expenses that were projected to surpass $1.5 million. This resulted in immediate savings of $60,000 on benefit premiums in the first year, in addition to removing the $1 million drug cost from the client's overall drug expenses, now fully covered by third party payors.
"Our priority is to ensure that our clients can offer strategic benefits solutions to their employees without compromising their financial stability," said Chris Sanderson, Vice President at Maximus Rose. "With the second renewal fast approaching, we built sustainability into the program, securing another year of pricing reductions while maintaining comprehensive coverage."
Maximus Rose: Your Expert in Employee Benefits Solutions
This case exemplifies Maximus Rose's broader mission: helping companies navigate the increasing complexities of benefits costs in Canada. By leveraging strategic partnerships and expertise in benefits management, Maximus Rose tailors solutions that address both immediate challenges and long-term sustainability. With a focus on innovation, Maximus Rose specializes in optimizing benefit plans to reduce overall costs while ensuring that employees receive the care they need.
Maximus Rose's approach extends beyond one-time fixes; the brokerage works with clients to anticipate potential cost risks, identify alternative funding sources, and create adaptable benefits structures that respond to evolving industry trends. As benefits costs continue to rise, Maximus Rose remains at the forefront of strategic benefits management, setting new standards for client support.
Why This Matters
In an era where healthcare costs, specifically specialty drugs, are increasingly unpredictable, employers are finding it more challenging than ever to maintain sustainable benefit plans. Maximus Rose's success in this case demonstrates its ability to not only mitigate costs but also to help clients proactively safeguard their financial resources. The brokerage's expertise in securing external funding solutions underscores its role as a vital partner in managing the financial health of businesses while enhancing employee well-being.
About Maximus Rose
Maximus Rose is a premier group benefits brokerage specializing in innovative, cost-effective solutions for employee benefit plans. With a deep understanding of the evolving benefits landscape, Maximus Rose partners with businesses to design and implement strategies that optimize coverage, minimize costs, and support employee health and well-being. Through strategic partnerships and a strong commitment to excellence, Maximus Rose continues to redefine how companies approach innovative benefits plan solutions.
SOURCE Maximus Rose Living Benefits Inc.
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