Founder & Chairman Emeritus
The Benecon Group
Lombardo founded The Benecon Group in April 1991. From the start of his career in the 1970s to now – more than five decades later – Lombardo has helped people not just purchase insurance products for their businesses, but educate them on better insurance solutions that generate savings and stability for them and their employees.
The success of this alternative insurance model has helped him become the innovator in the traditional insurance arena, disrupting the “old” established paradigms and creating new approaches that serve the needs of employers for their employees.
“The health care insurance model that I provide for companies and their employees offers the most sustainable and affordable self-funded health coverage they can find anywhere,” Lombardo said. “My passion for self-funding spans since 1988 as the industry pioneer, researching and collaborating with a team of five municipal managers.”
Today, Benecon, the company he created to deliver on the benefits of self-funding, operates in 37 states and utilizes more than 600 hundred insurance brokerage houses across the country.
Looking back on his early career, he said there were not any competitors that he felt did not have more knowledge or resources.
“That allowed me to assess who was well established and respected in my industry. As I continually assessed my peers and what they were doing for their clients and the improvement of the industry, one peer continually stood out and pushed the envelope. He became my inspiration because of his confidence in all aspects of offering options for employees to fund their health insurance. That person was unequivocally, Ken Stoudt,” said Lombardo.
Lomardo said that Stoudt continually exceeded his competition and set new standards and challenges for people like Lombardo, whose goal was to become a positive disruptor in the industry.