Case Study: Commercial Insurance Agency achieves employee benefits savings and more choice with Liazon Private Exchange

An Exchange Garners Kudos from Both Employers and Employees

Commercial Insurance Agency, a 100-employee commercial insurance firm with locations across the U.S., was frustrated by rising premiums and too few benefits choices for employees. The company wanted a better way to offer more value for both the business and its workforce, and turned to Liazon for a private exchange solution.

Liazon implemented a private benefits exchange with a defined contribution model, expanding the company’s offerings from 3 to 5 medical plans and from 4 to 9 ancillary benefits. The results were strong: average single medical cost dropped 20% to $394 per month, 74% of employees enrolled in a lower-cost plan, and the company saved nearly $13,000. Employees also gained access to new benefits such as telemedicine, HSA, accident, and critical illness coverage, leading to higher satisfaction and a smoother open enrollment experience.