A client experienced a continually increasing premium cost for its retiree health plan. After a thorough analysis, SilverStone Group discovered that the client was not
utilizing a federal subsidy available to offset the prescription drug costs of the retiree health plan.
Once this deficiency was addressed, SilverStone Group qualified the employer to receive the federal subsidies and then assisted with the application process.
By utilizing the federal subsidies, the client achieved a more manageable overall cost for the retiree health plan — and realized savings of approximately $60,000.