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Meet Scott Thomassy from PACE Resources, Inc.

By August 19, 2019September 2nd, 2021Member Spotlight

“Hello, my name is Scott Thomassy. I’m the CFO of PACE Resources, Inc. in York, PA. PACE is a holding company which basically means that we own other companies. For these companies, we provide certain administrative functions as well as leverage the buying power of the entire enterprise where practical. Our two best-known entities are Buchart Horn and Print-O-Stat. ”

“We’ve been in KBP since its beginning. PACE was one of the four companies that banded together to form KBP. We were already in the Affinity Captive insurance group and were looking to apply that successful experience to our health insurance program. Through the vision and guidance of McConkey and Benecon, the idea of KBP became reality. This allowed us to start a self-funded health program with a little less risk. ”

“After ten plus years, we are still part of KBP and it has grown immensely. Now there are over 50 members representing 100+ companies. This size has allowed for very stable reinsurance pricing. It’s also given us more leverage with the program vendors. Being self-funded has allowed us to mitigate the steep premium increases that has become the norm of health insurance. It’s also allowed us to greatly benefit from several low benefit utilization years. “

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