Benefits Consulting Helps Client Retain Employees
Rochester, New York
Client Overview
A repair service company with specialized technicians was having trouble getting and retaining employees. At the same time, they were struggling with the high cost of providing a copay health plan that was 100% paid for by the company.
The Opportunity
The company had high benefits costs and was struggling to recruit and retain.
They were struggling with the high cost of providing a copay health plan that was 100% paid for by the company.
The Solution & Outcome
- They were switched to a High Deductible Health Plan
- We implemented an HRA to cover the deductible expenses for the employee
- The employer saved money on premium and recouped unused HRA funds from the employees that had low health care utilization
- The employees had lower out of pocket costs as their first dollar health care expenses were now covered by the HRA which helped with retention
The Result
- Lower overall costs for the employer and higher employee retention
- Greater employee satisfaction with their health care coverage