Case Study: a large Minnesota-based company saves $654,000 with Ameriflex's ICHRA solution

Large Minnesota-Based Company - Customer Case Study

A large Minnesota-based company faced a major challenge when its fully insured medical plan experienced a 49% rate increase in 2019, with another 28% hike projected for 2020. This was severely impacting both the company's finances and its employees' monthly costs. The employer turned to their broker and Ameriflex for a solution.

Ameriflex implemented an Individual Coverage HRA (ICHRA) for the client. This solution moved the company away from its costly fully-insured plan. With the support of the Ameriflex implementation team, the company saved $654,000 in 2020. Employees also saw significant savings, with their estimated monthly cost dropping by $182.94 per month.