Case Study: Ohio Commercial Real Estate Firm avoids rising benefit costs with Liazon's benefits exchange

An Exchange Saves Money by Letting People Buy the Products They Actually Need

Ohio Commercial Real Estate Firm, a commercial real estate company based in Ohio with 400+ employees, wanted to rein in steadily rising benefits costs while giving employees more flexibility and choice. Before working with Liazon, the company offered only three medical plans plus a small set of ancillary benefits, and was still facing about 10% year-over-year increases even after spending over $200,000 on HSA enrollment incentives.

Liazon implemented an employee benefits exchange that expanded choices to five PPO plans and three HSA-qualified plans, along with a broader menu of supplemental products such as dental, vision, disability, accident, critical illness, and more. As a result, 45% of employees selected HSA-qualified plans without any incentive and contributed more than $500,000 to tax-advantaged accounts, while the company avoided an estimated $0.67 million cost increase in 2015 and kept medical and premium costs under control.