How to Increase Voluntary Plan Participation this OE

94% of large employers believe voluntary benefits will be more important to their total rewards strategy going forward and we saw evidence of this in our 2022 Benefits Benchmark Report. In 2021, PlanSource customers offered an average of 17 total benefits to their employees – a 9% YOY increase. But how can employers get employees to actually select these nontraditional benefits during OE? Enter DecisionIQ.

Unlike traditional decision support tools, DecisionIQ takes an aggregate approach to leverages data and innovative technology from the PlanSource benefits platform and global healthcare consulting firm, Milliman, to help organizations empower smarter, more confident benefits decisions for their employees. Join us and Milliman as we explain how analyzing demographic, dependent, eligibility and regional cost data creates more personalized and accurate recommendations than traditional, individual claims models.

Milliman is among the world’s largest providers of actuarial services focused on insurance and healthcare and their utilization and claims cost data models are considered the gold standard in the industry. Through our partnership on DecisionIQ, every employee who enrolls in benefits is given a hyper-personalized recommendation based on demographic, region, risk-tolerance and more.

What you will learn:

Key insight into the importance of demographic data within best-in-class Decision Support tools

The difference between an individual claims approach and an aggregate claims approach

How tools like DecisionIQ can increase employee engagement and participation

Q&A with an expert from Milliman and a DecisionIQ demo

On Demand

Speakers

Darren Lucas

Senior Project Manager, PlanSource

As Senior Product Manager at PlanSource, Darren owns creating and communicating the HR Leader product strategy and experience for the PlanSource platform, across the core benefits administration platform, mobile app and our PlanSource IQ suite of AI/ML-based products. Darren analyzes customer, market and industry feedback to refine our short- and long-term product roadmaps and continually improves the benefits experience for HR Leaders, brokers and employees.

Ron Cornwell

Principal & Consulting Actuary, Milliman

Ron Cornwell has been at Milliman for 21 years as an independent, third-party actuary consultant to mid-market employer’s health plans including designing, budgeting, reserving, accounting, benchmarking and underwriting functions. Ron specializes in Actuarial and underwriting models applied to employers’ unique needs.

Brantley Saunders

Product Marketing Manager, PlanSource

Brantley started her career in underwriting for a brokerage and held a variety of marketing roles in benefits communication and customer development before joining PlanSource. As Product Marketing Manager, Brantley is responsible for communicating the PlanSource product vision, value, and voice to the market.

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