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CASE STUDIES & TESTIMONIALS

Real-world examples of our solutions in action.

Hear firsthand from our satisfied clients and partners about their experiences with us.
Review scenarios showcasing the successful application of our solutions.

Case Study #1

Case Studies & Testimonials

ICHRA Strategy – Full Replacement

PROBLEM

In 2020, a fully insured health services company with 220 employees was experiencing serious, ongoing large claim issues in its group health plan and was facing a 22% renewal increase.

Because of the ongoing claims risk within their employee population, they had to find a more stable way to finance their health plan.

With recruitment and retention as a key goal of the company, it was imperative that employees not experience any negative impact with the chosen resolution.

SOLUTION

After a comprehensive analysis, it was clear that both the employees and company would greatly benefit from adopting the ICHRA method. It would provide stability for the company while giving their employees health insurance choices that were equal to or better than their group health plan options.

RESULTS

By adopting the ICHRA method in 2021, the company stabilized their health insurance expenses while providing employees with a wide array of positive individual marketplace health plan options. In 2022, the organization made a significant acquisition and the company can continue to grow without damaging the bottom line.

Employer Cost and Employee Plan Level Results

  2020 Group Plan 2021 ICHRA 2022 ICHRA 2023 ICHRA
Employer Per Employee Per Year Cost $10,657 $7,208 $7,145 $7,484
Employee Gold Plan Enrollment % 72.60% 75.58% 82.98% 83.04%
Employee Silver Plan Enrollment % 19.58% 16.59% 11.70% 12.01%
Employee Bronze Plan Enrollment % 7.82% 7.83% 5.32% 4.95%

Case Study #1

ICHRA Strategy – Full Replacement

PROBLEM

In 2020, a fully insured health services company with 220 employees was experiencing serious, ongoing large claim issues in its group health plan and was facing a 22% renewal increase.

Because of the ongoing claims risk within their employee population, they had to find a more stable way to finance their health plan.

With recruitment and retention as a key goal of the company, it was imperative that employees not experience any negative impact with the chosen resolution.

SOLUTION

After a comprehensive analysis, it was clear that both the employees and company would greatly benefit from adopting the ICHRA method. It would provide stability for the company while giving their employees health insurance choices that were equal to or better than their group health plan options.

RESULTS

By adopting the ICHRA method in 2021, the company stabilized their health insurance expenses while providing employees with a wide array of positive individual marketplace health plan options. In 2022, the organization made a significant acquisition and the company can continue to grow without damaging the bottom line.

Employer Cost and Employee Plan Level Results

  2020 Group Plan 2021 ICHRA 2022 ICHRA 2023 ICHRA
Employer Per Employee Per Year Cost $10,657 $7,208 $7,145 $7,484
Employee Gold Plan Enrollment % 72.60% 75.58% 82.98% 83.04%
Employee Silver Plan Enrollment % 19.58% 16.59% 11.70% 12.01%
Employee Bronze Plan Enrollment % 7.82% 7.83% 5.32% 4.95%

Case Study #2

ICHRA Strategy – Specific ICHRA Class

PROBLEM

In 2020, a fully insured manufacturing company with 250 employees was having serious, ongoing large claimant issues in its group health plan.

The large claims led to a 52% renewal increase, raising their annual premium by 50% to $3 million.

They had to reduce the risk on the plan or face dropping coverage all together.

SOLUTION

After digging into the issue, it was discovered one of the company’s locations was responsible for the bulk of the group’s large claims. 

The recommendation was to implement an ICHRA for the 37 employees at the specific location.

The 37 impacted employees were offered individual plans and 100% reimbursement for premiums they purchased.

Case Study #2

Case Studies & Testimonials

RESULTS

2020

With the adverse risk off the plan, the renewal increase dropped from 52% to only 2%, saving the company and its employees over $1 million in 2020.

2021

The company replaced their group health plan with an ICHRA in three of their other Midwest locations.

2022

Having grown to over 400 employees, the company implemented an ICHRA for all employees in all locations. This strategy has stabilized costs for the company and its employees.

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