From Rising Healthcare Costs to $100K in Annual Savings: Expanding Benefits Access Without Compromise
strategic partnership
Kingdom Governance partners with brokers, executive teams, and organizational leaders to transform benefits strategy from a fixed expense into a strategic investment. Through data-driven analysis, financial oversight, and workforce-centered design, Kingdom Governance helps organizations improve cost stewardship while creating benefits solutions that better serve their people.
Once the self-funded plan reached full run rate, the organization locked in approximately $100,000 in recurring annual savings , money that had previously disappeared into fixed premiums with no visibility.
By designing supplemental coverage built specifically for factory and hourly workers, Kingdom Governance achieved an 80% increase in benefits enrollment among a population that had previously been priced out entirely.
Kingdom Governance partnered with finance and executive leadership to build internal expertise around self-funded benefits strategy, plan financial management, and long-term cost stewardship.
Within six months of transitioning to a self-funded benefits model, the organization generated $150,000 in savings, translating to $100,000 in annual savings at full run rate.
The Advisory Approach: Building Financial Stewardship and Workforce Value
Leading the Full Self-Funded Transition
Kingdom Governance guided the organization through the transition from a fully insured benefits model to a self-funded strategy, providing oversight from evaluation through implementation. [Six-month/annual savings figure, to be finalized] while gaining improved visibility, control, and accountability over healthcare spending. Beyond the financial outcome, Kingdom Governance strengthened internal capability by partnering with finance and executive leadership to build a deeper understanding of plan administration and financial management.
Building Internal Financial Capability
A successful transition to self-funded benefits required more than implementation. It required leadership confidence and the internal capability to manage the strategy long-term. Kingdom Governance partnered with finance and executive leadership to strengthen their understanding of plan administration, risk considerations, and long-term stewardship. Through guidance and knowledge transfer, leadership gained greater visibility into plan performance and the tools needed to make informed decisions about future funding, budgeting, and workforce investment.
Identifying the Gap in Workforce Coverage
Following the transition, Kingdom Governance analyzed workforce data to evaluate benefits accessibility among the organization's factory and hourly employees. The assessment revealed that traditional benefits structures created barriers for portions of the workforce, limiting participation and reducing the overall value of the organization's benefits investment. Through this analysis, Kingdom Governance identified opportunities to better align offerings with employee needs while maintaining financial discipline.
Expanding Benefits Access Through Strategic Design
Kingdom Governance developed a benefits strategy to improve accessibility for employees who had previously faced barriers to coverage. By aligning workforce needs with organizational resources, the redesigned approach increased participation by 80% among the targeted employee population. The result showed that a well-designed benefits strategy can improve financial outcomes and employee access at the same time.