Take control of your health benefits spend and say goodbye to costly renewals and turnover for your manufacturing company

Duration: 25 minutes

It’s never been harder to be in the manufacturing business. The shortage of skilled labor is projected to cost manufacturers $1 trillion in 2030, and the Manufacturing Institute estimates by that same time frame, there will be 2.1 million unfilled jobs within the industry. The challenges for recruitment and retention are obvious: younger generations are looking for flexible, digital or remote jobs, presenting a short- and long-term threat.

Rising costs from inflation aggravate already thin margins and for those who offer health insurance to boost their recruitment and retention, those costs continue to climb at rapid speed. This doesn’t come as a surprise, with 2024 healthcare costs taking their biggest jump in years, according to the Wall Street Journal.

If you’re like many leaders within the manufacturing industry, each year you stand powerless as your group health insurance delivers another high renewal. Double digit increases year over year aren’t sustainable for any company no matter the size, so many manufacturing companies begin to increase employee contributions, switch to less comprehensive options, or raise deductibles—hardly the consumer-friendly solution we would hope for. For years, manufacturing leadership have asked why they can’t just give a stipend to employees and have them buy their own health insurance. Now they can.

In this session, learn about a new benefits trend that’s delivering cost control and flexibility to the manufacturing industry and choice and personalization to its employees.

Key takeaways

  • Learn why the manufacturing industry is leading a new benefits trend built on cost control and choice
  • Learn how ICHRAs work 
  • Hear real life stories from other manufacturers on cost savings switching from group insurance 
  • Determine if your company is a fit for ICHRA


Amy Skinner
Director of Content & Brand Marketing
Take Command
Sarah Yi
Senior Account Executive
Take Command


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