Case Study: Rental Car Company cuts $310K in benefits and tech costs and enhances employee benefits with Businessolver

Rental Car Company Puts the Brakes on Benefits Spend

Rental Car Company, a global rental car corporation with roughly 24,000 employees and 12,000 locations, faced severe revenue and workforce pressures from the COVID-19 downturn and a 35% spike in life insurance renewal costs. To protect cash flow while preserving benefits for its 20,000+ workforce, the Rental Car Company turned to its benefits administration partner, Businessolver, leveraging Businessolver’s Benefitsolver platform and the firm’s Benefits Innovation Group (BIG) consultants.

Businessolver’s BIG team worked with the client and Businessolver’s Pinnacle Partners to rebundle hospital, critical-illness, accident and life products and request a life-renewal re-evaluation, keeping employees on the Benefitsolver platform throughout. The approach lowered total benefits spend—saving $165,000 in renewal costs and generating roughly $145,000 for technology needs—while expanding voluntary benefits to personalize employee coverage and minimize disruption.