Navigation Links
Employers Plan to Increase Use of Self-Service Decision-Making Technology For Open Enrollment, Watson Wyatt Survey Finds
Date:12/1/2009

WASHINGTON, Dec. 1 /PRNewswire-FirstCall/ -- With employee benefit choices becoming more complex, a growing number of employers are providing self-service decision-making tools to workers during open enrollment season, according to a new survey by Watson Wyatt, a leading global consulting firm. A majority of employers who offer these tools believe they lead employees to make changes in their plan decisions.

According to the survey, 45 percent of companies offered employees self-service decision tools to assist them with their health care decisions during this year's open enrollment season, and 56 percent plan to provide more next year. The survey also found that 50 percent saw an increase in the use of these tools this year compared to last year. Moreover, almost three-quarters (74 percent) of the employers that provide these tools believe employees altered their plan decisions based on using them. The Watson Wyatt survey was conducted in mid-November 2009 and includes responses from 349 U.S. employers.

The survey found that the greatest challenge employers cited during this year's open enrollment was employee understanding of new plan features -- 39 percent of employers said this issue was moderately to extremely challenging, and 32 percent said it was more challenging when compared to last year. Approximately one in three employers (32 percent) considered explaining price changes to be moderately to extremely challenging, and 26 percent said it was more challenging this year than last year.

"Most employers are at a point where they breeze through open enrollment. Increasingly, however, more are seizing the opportunity to help employees improve their own health and well-being. Self-service decision tools can be an essential part of the process to move employees away from being passive participants in a company health plan," said Richard Nicholas, senior technology consultant at Watson Wyatt. "For instance, a medical cost analysis tool would help employees make more educated decisions by comparing out-of-pocket costs of their health plan choices."

The survey found that 69 percent of employers mailed printed materials to employees' homes during this year's open enrollment season, down from 76 percent in 2008. However, nearly one in four (22 percent) plans to eliminate paper-based communications next year. A vast majority (88 percent) made materials accessible on the company intranet or the Internet, and more than three-quarters (76 percent) used e-mail. More than one-quarter (27 percent) used interactive media or multimedia such as podcasts, Web videos and online chat forums.

"Just as technology has become an integral part of how employees communicate every day, employers have tapped into a wide range of technology applications to allow workers to make informed decisions about their benefits," said Don Harrison, senior technology consultant at Watson Wyatt. "The combination of new communication media and self-service employee tools can help employers pave the way toward smoother open enrollment seasons in the future."

For more information, please visit www.watsonwyatt.com/OpenEnrollment09.

About Watson Wyatt

Watson Wyatt (NYSE, Nasdaq: WW) is the trusted business partner to the world's leading organizations on people and financial issues. The firm's global services include: managing the cost and effectiveness of employee benefit programs; developing attraction, retention and reward strategies; advising pension plan sponsors and other institutions on optimal investment strategies; providing strategic and financial advice to insurance and financial services companies; and delivering related technology, outsourcing and data services. Watson Wyatt has 7,500 associates in 33 countries and is located on the Web at www.watsonwyatt.com.

SOURCE Watson Wyatt


'/>"/>
SOURCE Watson Wyatt
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Milwaukee Employers See Cost Savings with High-Performance Provider Network
2. Medication Compliance Is a Key Concern for Employers, According to New Survey
3. Lockton and Concentra Working Together to Lower Healthcare Costs for Employers
4. Warady & Davis LLP Named One of 'Top 50 Employers for Generation Y Chicago'
5. Employers of Any Size Can Now Benefit From Dependent Eligibility Audits Thanks to New Audit Toolkit
6. Clearlycontacts.Ca Named as One of Bc's Top Employers
7. SIMNSA is added to the Satori Global Network™ in Mexico to Offer U.S. Employers Cross Border Health Benefit Options
8. As Unemployment Continues to Rise, Profiles International Encourages Employers and Employees to Focus on Value
9. MDS Nordion Selected One of Canadas Top 100 Employers for 2010
10. Most Employers Making Changes to Their 2010 Medical Program Expect to Increase Employee Contributions: Aon Consulting Survey
11. RAM Technologies Named to Philadelphia Business Journals List of Top Tech Employers
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Lori R. Somekh, founder ... of ElderCounsel, a national organization of elder law and special needs planning attorneys. “Membership ... rules. It also provides a forum to network with elder law attorneys nationwide,” said ...
(Date:10/13/2017)... NJ (PRWEB) , ... October 13, 2017 , ... Global ... at scenic Alexandria Park in Milford, NJ. This free event, sponsored by Global ... physical activity. The fun run is geared towards children of all ages; it ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the Christian ... On The Brink” is the creation of published author, William Nowers. Captain Nowers ... a WWII veteran, he spent thirty years in the Navy. Following his career ...
(Date:10/12/2017)... PALM CITY, Fla. (PRWEB) , ... October 12, 2017 , ... ... of cold therapy products, announced today the introduction of an innovative new design of ... the multipurpose pad so you get maximum comfort while controlling your pain while using ...
(Date:10/12/2017)... ... 12, 2017 , ... HMP , a leader in healthcare events and ... Eddie Digital Award for ‘Best B-to-B Healthcare Website.’ Winners were announced during the Eddie ... annual award competition recognizes editorial and design excellence across a range of sectors. This ...
Breaking Medicine News(10 mins):
(Date:9/25/2017)... R.I. , Sept. 25, 2017  EpiVax, ... assessment, vaccine design, and immune-engineering today announced the ... on the development of personalized therapeutic cancer vaccines. ... has provided exclusive access to enabling technologies to ... Eng., MBA will lead EpiVax Oncology as Chief ...
(Date:9/19/2017)... Sept. 19, 2017   ZirMed Inc ., a recognized ... announced that it has been ranked #1 by its users ... Rankings 2017 User Survey. ZirMed was recognized as the ... hospitals and medical centers over 200 beds and holds one ... technology user survey history. ...
(Date:9/12/2017)... MOUNTAIN LAKES, N.J. , Sept. 12, 2017  Consumer reviews ... Embrace Hearing as the number one company for hearing ... Oticon™, ReSound™ and fifteen other brands. ... Embrace Hearing Named #1 by Consumers For Hearing Aids ... Embrace Hearing is an online store that ...
Breaking Medicine Technology: