Case Study: a Car Dealership Company saves $75,000 with Venteur's ICHRA solution

How Venteur helped this local dealership save $75,000

A local car dealership in New Mexico was facing a severe challenge with its employee benefits. The company was spending over $400,000 on a level-funded health plan but was only covering 40% of its 33 employees. The high costs were unsustainable and threatened to force layoffs or a reduction in coverage.

Venteur implemented its ICHRA solution, which provided employees with a pre-tax stipend to purchase their own insurance. This allowed the dealership to control costs while offering more choice and flexibility. As a result, Venteur helped the dealership save $75,000 immediately and expand health coverage to 39% more employees, with an 18% improvement in participation. The company also anticipates its savings will double over the next three years.