California liquor distributor contains benefits spend by creating a culture of consumerism
Like many organizations, Young’s Market Company was grappling with high claims costs and low employee engagement. When the company was hit with a double-digit increase to their medical premiums, they knew they needed to take action. While reducing costs was paramount, Young’s Market Company also wanted to give employees more control over their benefits choices and spending. Shifting to a consumerism model would enable them to improve employee satisfaction and enhance their ability to recruit and retain employees.
Read the case study to learn how HUB International’s initial cost containment strategies saved the company over $1.6 million within the first two plan years.