Village Automotive Group reduced its annual health insurance costs by more than $300,000 while keeping employee contributions flat by switching to a self-insured plan.
Deborah Dempsey, human resources director at the Boston-area group, said the company's health care premiums jumped 33 percent and employee contributions rose 23 percent in the four-year period before the change in 2018.
In its first year being self-insured, the group's costs declined 20 percent.
"We've seen a significant decrease in our claims cost," Dempsey told Automotive News. "Our copays were lowered with this plan as well."