Case Study: New York Property Management Company achieves greater benefits choice and cost control with Liazon's private exchange

An Exchange Brings More Choice and Greater Value for the Benefits Buck

New York Property Management Company, a 250-employee residential property manager, wanted to offer more choice to a diverse workforce while simplifying benefits communication and controlling rising costs. The company worked with Liazon to move to a private benefits exchange and defined contribution model, replacing a limited plan lineup with a more flexible approach to coverage.

With Liazon’s exchange, employees gained access to four medical plans, including an HDHP, plus a broader range of ancillary benefits such as dental, vision, HSA/FSA, critical illness, life, pet, telemedicine, and more. The result was wider plan selection, with 74% of employees choosing lower-cost medical plans than before, 70% selecting a cheaper dental option, and employee medical cost share dropping from 21% to 14%, putting 7% of premiums back into employees’ pockets while helping the employer set future benefits spending at $1.95M.