The Problem: Rising Health Costs and Minimum Participation Requirements
Health insurance costs had been a major pain point for years for this family-owned New Hampshire-based brewery. But in 2024, it finally reached a breaking point. The business was facing a 33% increase on its group plan renewal that covered 10 employees. The financial strain threatened the brewery's ability to maintain its workforce. Change had to happen to recruit and retain employees.
The Solution: Venteur's ICHRA Approach
Venteur's Individual Contribution Health Reimbursement Arrangement (ICHRA) offered a promising win-win:
- No participation requirements or case size minimums
- Cost savings for the employer
- Greater flexibility and choice for employees
The Result: $53,679 Annual Savings
The brewery reduced its annual health insurance spend from $230,267.00 to $176,588.00. Even more remarkably, the savings came after the company increased its medical benefit contribution from 51% to 76%. During Open Enrollment, multiple employees pulled the HR team aside to say, "I feel like I got a raise." Employees especially loved using Venteur's easy-to-use ICHRA platform to personalize their health benefits.
