This past April, participating member human resources leaders of Phoenix Committed Insurance Plan (PCIP) program met to select a winning insurance carrier. The group selected Cigna based on significant premium savings, Cigna’s excellent track record for service to its clients, a four-year rate hold guarantee and no carrier change or interruption in service.
The renewal requires no change in any member’s current plan design and will be effective for most starting January 1, 2018. Total savings over those four years will be at least $14 million, and participating members will save an average of 22 percent off of their current premiums or about $3.5 million per year in total.
Twelve members are currently signed on to participate in the renewed program, and those who are Phoenix owners not only stand to benefit from the premium savings but may also benefit from increased patronage earnings over the next four years.
Participating members have generated over $54 million in direct value since PCIP’s inception in 2005 due to PCIP’s strength in numbers and commitment to this group purchase process.
To learn more or to sign up, contact us at firstname.lastname@example.org or (770) 850-7400.