Summary
This case study outlines the transition of Benefit Resource, LLC from a co-pay health plan structure to a high deductible health plan (HDHP). The document describes the challenges faced by the company, including unsustainable premium increases and the shift from community rating to experience rating. It details the strategic roadmap developed to facilitate this transition, focusing on employee engagement and adoption of the new plan. The results of the migration are presented, highlighting annualized premium savings of $1,300 per person and increased employee choice regarding medical expenses. The study also discusses key takeaways, such as the stabilization of premium increases and the progressive reduction of health plan options leading to full enrollment in the HDHP. Additionally, it emphasizes the importance of partnering with a benefit administration agency to enhance the attractiveness of health plans and pre-tax benefit accounts for employees.
