Over the past few weeks, we’ve shared a few blogs about private health exchanges and defined contribution health plans. Today we’re pleased to announce the launch of Freedom, HNI's private exchange choice platform that delivers “benefits that fit.”
We believe our clients should have a choice, and that access to health care options shouldn't be limited to the employees of elite large employers -- it should be an opportunity for all.
a) put a lid on rising costs
b) will work to attract and retain top talent
c) ensure compliance with health care reform
d) reduce the administrative burden on HR staff
This platform addresses these needs, and has been many months in the making. We’ve been
When you enroll your group in Freedom, each employee will be able to choose from up to 6 different health plans, as well “shop” for other products like dental coverage, voluntary disability and more. You determine how much you are willing and able to contribute toward the health care of each employee, and they have the freedom to spend it on the things that matter most to them.
We don’t leave your employees high and dry trying to sift through benefits jargon and compare all of the plans. Instead, we ask them "real-life" questions about what kinds of health events they expect in the coming year or what they might do if faced with a large medical bill to pay. From that, we can provide a personalized health profile that recommends the best plan for them and give them a ballpark estimate of the costs they can anticipate.
Employees love Freedom because they have the freedom to choose what works for them [hence the name!]. Employers appreciate the pre-negotiated program options and greater control over their costs – with a significantly reduced burden to administer.
Early adopters of this type of benefits strategy are already reaping the benefits. According to the Kaiser Family Foundation, plan premiums under a private exchange model are 22% less than the national average, and employees are electing Health Savings Account (HSA) eligible plan at a 6 times higher rate.
We believe in this approach so much that we have already implemented this in our own company [click here to read more on how that's going]. We’re excited that today we are able to share this with our customers. Freedom is available for demonstration and exploration now, to implement in plans with coverage effective dates of July 1 and later.
To learn more about Freedom, contact your RM, or click the button below to request more information!