Case Study: Carenet Health boosts benefits participation and stabilizes costs with SureCo ICHRA

How Carenet Health Achieved Cost Stability and a 20% Benefits Participation Surge With SureCo

Carenet Health, a healthcare company with 3,200 employees, faced unsustainable annual premium increases and disappointingly low benefits participation with its traditional group health plan. Fewer than 30% of its eligible employees were enrolling in the expensive coverage. The company needed an innovative solution to provide affordable care for its team while achieving cost stability, leading them to partner with vendor SureCo.

By implementing SureCo's ICHRA (Individual Coverage Health Reimbursement Arrangement), Carenet empowered its employees to choose personalized, affordable health plans. This solution led to a 20% increase in benefits participation and saved the company over $2,000 per enrolled employee annually. SureCo provided the platform and support that gave Carenet predictable costs, increased employee retention, and allowed them to escape a high-risk insurance pool.

Carenet Health

Robin Hamel

EVP & Chief Human Resources Officer