How consumer driven health care helped engage employees, drive down costs and increase wellbeing for a Midwest-based manufacturer.
How consumer driven health care helped engage employees, drive down costs and increase wellbeing for a Midwest-based manufacturer.
2 PagesA Fortune 500 metals manufacturer facing rising healthcare costs partnered with Conduent’s BenefitWallet to drive employee engagement and reduce expenses through consumer-driven health plans. Initially launching an HSA option in 2013, the company used incentives and shopping tools to empower employees to make cost-effective healthcare choices. Enrollment steadily grew, reaching 52 percent by 2016 after the traditional PPO plan was phased out. Today, employees can choose from three HSA-qualified plans, supported by ongoing education and company contributions. This strategy reduced benefit costs, increased employee involvement, and aligned health and financial wellbeing with long-term goals.
