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| Gibson Engineering Company, Inc. |
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| Company |
Founded in 1945, Gibson Engineering is an Automation Solution Provider serving the six New England states. Headquartered in Norwood, MA, Gibson supports a regionally located Sales Engineers and Technical Support Team and represents a small group of World Class Manufacturers of Industrial Automation products. |
| Management Partners |
Joseph O'Brien, CEO |
Daniel O'Brien, President |
| Situation |
Objective |
- 5 different insurance carriers, mostly HMOs, covering a multi-state workforce
- History of double-digit rate increases each year
- Low level of satisfaction with advice and customer service offered by current brokers/carriers
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- One plan, one carrier for all employees in all states
- PPO plan design for all employees
- Improved customer service for employees
- Reduced administration for HR staff
- Long-term rate stability
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| Results |
Gibson Engineering Plan Cost History |
- All employees enrolled in a single, national PPO
- From 1998-2007, annual cost increases average 6.6%, less than half the national & regional averages for those years
- Consumer-Directed Health Reimbursement Accts added in 2003
- From 2003-2007, annual cost increases average just 4.4%, less than one-third the national and regional averages for those years
- Employees & HR staff receive concierge customer service from a team of Independent Member Advocates
- HR staff is supported by HR Assist, a suite of admin assist tools
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