Case Study: Foster Holdings Inc. achieves $4,000 annual savings and streamlined benefits administration with PeopleKeep

How Foster Holdings was able to elevate their employee compensation package with a GCHRA

Foster Holdings Inc., a small Pennsylvania business services firm with six employees, faced rising healthcare costs and wanted to keep its long-standing, generous group health plan while reducing premium and deductible expenses and offering tax-free reimbursements to all staff. Seeking a solution to preserve employee benefits without escalating costs, Foster Holdings evaluated options and selected PeopleKeep’s GCHRA (group coverage health reimbursement arrangement) product.

PeopleKeep implemented a GCHRA layered alongside Foster Holdings Inc.’s existing group coverage, providing set allowances for premiums, copays, coinsurance, and deductibles and automating reimbursement review and payments. The result: 100% employee participation, $4,000 in projected annual savings redirected to other benefits, positive employee feedback, and dramatically reduced admin time (about five minutes per quarter), all enabled by PeopleKeep’s platform and support.