Towers Watson Introduces Health Benefit Solution for Full- and Part- Time Employees [Professional Services Close – Up]
According to the company, OneExchange makes it easy for employers to manage the coverage, quality and cost of private and public health plan choices for all segments of their workforce and retiree populations through a single exchange platform.
"Starting in 2014, the Affordable Care Act establishes guaranteed issue and standard plan designs for all individuals, and federal subsidies for those who meet certain eligibility requirements," said
"Employers that decide an exchange is right for some or all of their workforce and retirees can provide access to OneExchange and realize the benefits of these regulatory changes," said Williams. "They can use OneExchange to fund and oversee the quality and cost of their health care coverage with the counsel of a trusted and experienced advisor from a unified platform."
-Services provided include transition support from initial financial analysis for employers, to plan comparison, purchase and enrollment, and post-enrollment support and advocacy for individuals making coverage choices.
-Advanced analytics and reporting tools help employers with strategic decision making and health coverage management for all plan holders.
"In the private
The OneExchange solutions
OneExchange solutions available now include ExtendRetiree, which provides transition assistance for
Also available now for ExtendRetiree is BenefitView, a management dashboard that gives employers real-time information about the progress of retirees as they evaluate and choose plans.
Additional OneExchange solutions will be triggered by final regulations and ACA health plan product offerings, as well as
-Connect challenging workforce segments such as pre-65 retirees and part-time, contract or seasonal workers to plans offered on public exchanges
-Provide financial analysis, modeling tools and consulting to help employers decide whether to use private or public exchange solutions -- and, if so, how they will deliver value for various segments of their populations
-Enable employers to transition their full-time, active employees to exchanges offering individual health plans or group-based plans with features that engage participants in their health care decisions
-Extend the BenefitView management dashboard to integrate analytics and reporting for all exchange solutions across all populations
Added Williams, "We expect the vast majority of employers to proceed thoughtfully in leveraging ACA and private and public exchanges. To help guide them,
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