Benefits remain a powerful opportunity for educational institutions to attract talent while also providing greater benefits choices for both tenured and retired teaching professionals, in addition to administrative staff. According to the Benefitfocus State of Employee Benefits 2016 report, educational institutions on the Benefitfocus Platform are keeping premium portions low for their employees who've predominantly selected PPO plans—this despite the rise of PPO deductibles that nearly qualify them as a high deductible health plan (HDHP) based on
Education is key when it comes to understanding benefits, and that can be a challenge for lightly staffed HR teams that support a diverse workforce from educators to administrators, many of whom work remotely. Smart features included with the Benefitfocus Platform integrate personalized recommendations, decision support tools and contextual videos to lighten the education burden from benefits administrators, and the mobile optimized platform helps them reach a dispersed workforce.
With its more than 1,500 insurance carrier data interfaces, the
"The complexities of the education market—collective bargaining arrangements, retirees, and faculty and administrative staff from a variety of employment statuses and demographics—demand a greater degree of flexibility in benefits management," said
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