Case Study: LiftFund avoids a 25% health benefits increase with SWBC Employee Benefits Consulting Group

LiftFund avoids a 25% health benefits increase with SWBC

The customer, LiftFund, a non-profit lender for small businesses, faced a significant challenge when notified of an impending 25% increase in the cost of their employee healthcare benefits. This was a major financial strain for the organization, which was already overburdened with a 400% increase in operational workload due to distributing PPP loans during the COVID-19 shutdown. They relied on SWBC Employee Benefits Consulting Group for strategic guidance.

SWBC leveraged its deep relationships within the insurance marketplace to find a solution. The vendor secured like-for-like health benefits for LiftFund's staff, reducing the cost increase from over 25% to only a small, manageable amount. This allowed LiftFund to absorb the cost without passing it on to their employees, enabling them to stay focused on their core mission of serving the small business community.

LiftFund