A blueprint for large long-term savings
The situation: Rising costs eating into the bottom line
A local mid-sized manufacturing company prides itself on delivering reliable services and quality their customers can count on. They realized their benefits structure was outdated and expensive, with rising premiums cutting into profits and a workforce who deserved better than a standard package ill-suited to their needs.
The solution: Benefits built as solid as their products
TrueNorth teamed up with the company to convert to a (captive) model designed for businesses committed to taking control of their spend, which led to:
- Cost control: Flat budgeted rates for 2025 — no surprise increases
- Custom coverage: Flexible copays and deductible options
- Data ownership: Full visibility into claims and pharmacy spending
- Captive participation: Entry into Community Advantage Insurance Captive with dividend potential
The results: Real dollars back into the business
Projected savings over five years
$2,300,000
Annual pharmacy savings
$207,000
Dividend potential from captive participation
$100,000+
Benefits that work as hard as you do
Trade companies operate differently, and your benefits should too. Self-funding with TrueNorth gives you the potential to control costs, retain profits and gain transparency, all while we handle the heavy lifting.