Analysts International Corporation Switches to Defined Contribution Employee Benefits Solution, Leveraging ConnectedHealth’s Private Exchange Platform
Analysts International Corporation (AIC) (Nasdaq: ANLY), a national IT
services firm, has partnered with ConnectedHealth, provider of the
industry-leading health insurance and benefits ecommerce marketplace and
personalized shopping platform for employers, health plans and
consumers, to implement a new strategy for employee benefits: offering
defined contribution options to AIC’s employees. Both Companies will
share details about their partnership at the Employee Benefit News’
(EBN) Private Healthcare Exchanges Conference on July 18, 2013, at the
Hyatt Regency McCormick Place in Chicago, IL. By adopting this new
approach, AIC joins other forward-thinking companies who are pioneering
new territory in finding solutions to better manage their benefits
costs, while ensuring their employees have the coverage and benefits
they need.
“Attracting the best talent is our top priority at AIC – it’s how we
serve our clients,” said Marne Oberg, AIC’s Vice President of Human
Resources and Corporate Communications. “When we were exploring options
for improving the way we provide benefits, the philosophy of defined
contribution really struck a chord with us. We found a like-minded
partner in ConnectedHealth, and their exchange platform easily
accommodates all of our different employee groups.”
With a defined contribution approach, AIC was able to set their
contribution amount for each category of benefit-eligible employees.
Employees shopped on ConnectedHealth’s platform using those funds and
were able to choose their insurance from a variety of medical plans,
along with dental and vision options. Some employees purchased plans
that cost less than AIC’s contribution and could put the remaining funds
into a Health Savings Account to help offset future medical costs. Other
employees opted to buy richer benefits and were able to set up their own
pre-tax payroll contributions to pay for the balance of the premium.
Employees who were eligible for more limited coverage through AIC were
also offered a defined contribution amount and were able to shop on a
version of the marketplace that provided them with the opportunity to
purchase an individual medical plan from a variety of insurance carriers.
“The ConnectedHealth Smart ChoicesTM solution made the
transition to defined contribution very straight-forward for our
employees,” said Oberg. “The experience was so intuitive that we had
very few inquiries to our HR staff during open enrollment.”
“As a technology company, AIC embraces innovation – not just in their
work but in the way they do business,” said ConnectedHealth CEO John
Fiacco. “We are proud to be partnering with AIC to make employee
benefits a competitive advantage for them to attract and retain their
top-notch talent, and we look forward to expanding our partnership.”
Individuals interested in learning more about the AIC and
ConnectedHealth case study should contact ConnectedHealth at
800-977-4204, or visit ConnectedHealth at the EBN Private Exchanges
Conference on July 17-18, Booth #208.
About AIC
Analysts
International Corporation (AIC) is an IT services firm fully
dedicated to the success and satisfaction of its clients. From IT
staffing to project-based solutions, AIC
provides a broad range of services designed to help businesses and
government agencies drive value, control costs and deliver on the
promise of a more efficient and productive enterprise. The Company
offers a flexible, collaborative approach; clear industry perspective;
and the breadth, scale and experience to deliver results. For more
information, visit http://www.analysts.com.
About ConnectedHealth
ConnectedHealth
drives corporate growth by making it easy for employees to be healthy
and financially secure. Founded by pioneers of the consumer transparency
movement, the Company’s award-winning consumer-friendly platform
delivers innovative benefits strategies while offering consumers the
most intuitive benefits shopping platform available. To learn more about
how ConnectedHealth is revolutionizing group and individual benefits,
visit us at http://www.ConnectedHealth.com
or on Linkedin, Facebook and Twitter.
Copyright Business Wire 2013