What does a big shake up in benefits plan design look like?
Moving to full-replacement HDHPs after nearly two decades of no change. To help ease the transition, WKU relied on their partnership with Benefitfocus.
What happened next? WKU realized a $2 million reduction in total health care spend in the first year of roll-out.
An intuitive enrollment experience combined with transparency tools gave WKU employees the guidance they needed to make smarter benefit decisions. Ultimately, 75 percent of employees saw less out-of-pocket expense under the new plans. WKU continues to show the savings by preparing year-over-year comparison statements of claims for each employee.