Sounds like blasphemy coming from an insurance agent, right?
Raising your deductible from $1,000 to $5,000 might reduce premiums by 25 % or more. (We built a rate relativity chart that can be found at this link.)
Employees exposed to the higher out of pocket are “made whole” (or partially so) through a Health Reimbursement Arrangement (HRA). In a normal/good year, for every dollar of premium saved, only 25 cents is spent on reimbursements. A really bad year it might be 50 cents.
Think of it as “self funding lite” but with the odds greatly stacked in your favor. Insurance companies have been winning that bet for decades!