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2024 State of Employee Benefits Report

We surveyed thousands of employees, HR and finance leaders, and benefits consultants to better understand the landscape of today's employer-sponsored health insurance. See how your company benefits stack up against the competition.

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$350k+

saved on yearly premiums

KR Management, a senior living community administrator with 1,850 employees, saved 35% on its yearly healthcare premiums by switching to SureCo from traditional group insurance.

SureCo’s ICHRA Solution provided a creative alternative to the companies second annual 25% renewal rate increase. Read more about how we onboarded 300 employees to the platform in 21 days and worked with the team to ensure payroll deductions could be done seamlessly via Paycom.

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Webinar: How I Built My Benefits Stategy

The Missing Data Driving Real-World Change.

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42%

Monthly plan savings

Switching to an ICHRA with SureCo allowed RFK Community Alliance to contain health coverage costs while increasing employee satisfaction.

With 400+ employees, RFK Community Alliance, a non-profit human services agency, offers day and residential programming for youth and adults with developmental, learning, behavioral and other challenges, as well as mental health and other services for children and families.

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$1M

Saved on annual premiums

Anuvu, a multi-national tech firm, was facing a 20% increase in premiums for all employees, driven by high claims.​ By switching to an ICHRA with SureCo Anuvu was able to save 1M on annual premiums.

Anuvu, a multi-national tech firm, was facing a 20% increase in premiums for all employees, driven by high claims.​ By switching to an ICHRA with SureCo Anuvu was able to save 1M on annual premiums. They also saw a 25% increase in 401(k) contributions from significant savings on healthcare premiums and 80% employee approval increased by switching to an ICHRA. ​

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2024 State of ICHRA Report

Explore the rise and impact of ICHRAs during the 2024 evolving landscape.

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42%

monthly plan savings

Ansafone, a leading provider of outsourced contact center solutions, with 800+ employees, brought its average monthly plan cost down from $971 to $562 by switching to an ICHRA with SureCo.

Ansafone, a leading provider of outsourced contact center solutions, with 800+ employees, brought its average monthly plan cost down from $971 to $562 by switching to an ICHRA with SureCo. 

 

In addition to Ansafone's remarkable 42% reduction in plan premium costs, the company gave thousands of plan options to its employees and increased participation by 60%.

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How to Explain an ICHRA to Your Team

Get a fully customizable slide deck—including benefits, stats, and savings—you can use to present SureCo's ICHRA Solution.

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RFK Community Alliance Logo

“Moving to an ICHRA eliminated the significant cost increases we would have faced, increased plan options, and ensured continued quality healthcare coverage.”

 

—Michael W. Ames

President & CEO, RFK Community Alliance

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ACA Compliance Resources

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Avoid ACA Compliance Penalties

The IRS is ramping up its enforcement of ACA penalties this year, which can cost companies millions of dollars. Watch our webinar on-demand and learn how to ensure your company stays compliant.

Compliance Flowchart

Will you receive an ACA penalty this year?

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+8%

cost of ACA penalties since '22

Did you know that the IRS is increasing penalties for the Employer Shared Responsibility Provisions—often referred to as the employer mandate—of the Patient Protection and Affordable Care Act (ACA)?

With IRS noncompliance penalties on the rise, it’s essential that employers pay attention to the employer mandate and its requirements. Here’s what to know.

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From the Blog

How Benefits Consultants Can Help Tricky Industries Support Workers
May 31, 2024

How Benefits Consultants Can Help Tricky Industries Support Workers

Many industries are grappling with increasingly complex healthcare needs as workforce dynamics shift. Things like remote, hybrid, and gig work, for example, continue to change the healthcare...

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Introducing the 2024 State of ICHRA Guide
May 13, 2024

Introducing the 2024 State of ICHRA Guide

We're proud to introduce the 2024 State of ICHRA guide, a resource born from extensive market research conducted by SureCo. This guide is your trusted compass for navigating the complexities of the...

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An ICHRA for Everyone: How Individualized Coverage Supports Diversity at Work
Apr 29, 2024

An ICHRA for Everyone: How Individualized Coverage Supports Diversity at Work

Many employers' greatest strength is the diversity of their teams. But, with a diverse employee base comes a wide range of healthcare needs. Employees of all ages, locations, genders, and more...

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