About Benecon

Our Chairman & CEO, Samuel N. Lombardo, founds the S.N. Lombardo Insurance Agency in Lancaster, PA.

Sam forms the first health insurance purchasing cooperative for municipalities in PA, recognizing the need for a better way for local governments to purchase health insurance.  This program is very well received and leads to the formation of Inter-Municipal Insurance Services (IMIS) in 1992.

The Benecon Group is formed through the merger of the benefits division of S.N. Lombardo Insurance Brokers and IMIS.

The Benecon Group extends the idea of self-funded purchasing groups and begins health insurance consortiums for colleges, school districts, banks, retirement homes and more.

Benecon also expands its public sector cooperative program by creating PMHIC, a program for all municipalities in Pennsylvania and PCHIPC, a program specifically focused on county groups.  With the success of these programs, Benecon extends the cooperative reach to state-specific programs in Florida and Maryland.

Benecon’s VERIS program is born.  Producers across the country now have access to an innovative self-funding solution for their clients in every state and any industry.

Fast forward to today and Benecon reaches it’s 1B Goal with over $2 billion of premium equivalent under management and more than 1400 employer groups participating in the consortium and cooperative groups.

Benecon also moves to new headquarters in Lititz, PA with outposts in Pittsburgh, Florida & Georgia.