Building on the existing partnership, Businessolver consulted with this company to discover specific pain points and organizational goals. In addition to these desired outcomes, our consultants are always looking for opportunities to fill gaps in care and increase employee engagement.
“At first, we were skeptical,” noted the rental car company’s HR Director. “But Businessolver’s team knew where we wanted to be. They used their HR knowledge to save us money and lower our employee premiums.”
Businessolver’s Benefits Innovation Group (BIG) Consultants provided a solution that lowered total benefits spend and enhanced employee benefits options.
Specifically, the BIG advised the client to ask for life renewal to be re-evaluated if they added hospital, critical illness, and accident plans with the same carrier. This request lowered life renewal by roughly $145,000. Then, we were able to use additional funds to offset technology costs another $165,000.
Working with Businessolver’s Pinnacle PartnersTM and preferred carriers, we were able to bundle several offerings, creating opportunity for a more holistic approach for this client’s benefits strategy. This benefits strategy maximizes voluntary benefits plans.
Voluntary benefits improve employees’ health and financial security. Benefits offerings are key to attracting and, more importantly, retaining top talent. When workers can select benefits based on their unique health needs, they’re empowered to protect their physical and financial well-being. The goal is for each employee to take full advantage of the benefits they’re already paying for.
As an added bonus, employees faced minimal disruption, staying within the Benefitsolver® platform throughout these changes. There was no need to set up new login credentials or miss opportunities to receive care.
When business changes, we’re here to collaborate with our clients and leverage our exclusive connections to help meet organizational benchmarks.
“Our primary goal is to exceed our clients’ needs,” said Mike Meyerring, head of BIG. “Being innovative and finding inventive solutions is key to our shared success as we pursue evolving initiatives.”