Benecon notes that California has approved penalties for hospitals, health plans, and medical practices that exceed state spending targets beginning in 2030, reaching 125% of the amount spent above the benchmark.

Benecon provides self-funded medical benefit programs for public and private sector employers, offering a full suite of actuarial, compliance, finance and producer services to thousands of public and private sector employers and hundreds of thousands of employees across the United States. Benecon’s offering allows employers to effectively control benefit plan expenditures and design programs that meet both the strategic needs of the employer and the personal needs of the employees. Benecon’s subsidiary, ConnectCare3, provides wellness consulting and clinical services, including patient advocacy, nurse navigation and chronic disease management.