Case Study: Statebridge achieves $10,000/month savings and 20% higher participation with PeopleKeep's ICHRA

How Statebridge was able to save $10,000 in monthly health care costs by switching to an ICHRA

Statebridge Company, a Colorado-based financial services firm with 72 employees, was tired of switching group carriers every year to control costs and wanted a stable, ACA-compliant benefit that gave employees more choice. They needed a solution that kept budget predictability while letting employees pick individual plans that fit their needs.

PeopleKeep implemented an ICHRA using its software and integrated health insurance concierge to automate compliance, design allowance levels, and help employees shop for individual policies. As a result, Statebridge Company now has 72% participation (a 20% increase over their prior group plans), a 12% boost in utilization, and saves $10,000 per month, while benefiting from easier administration and improved recruiting/retention.

Statebridge Company

Bill Carey

Assistant Controller