A Look at Benefitfocus

January 29, 2021 - Research V16

To combat rising costs, structural complexities, and over-insured employees, organizations are looking to reduce overall healthcare costs while also increasing their HR team’s deployment of benefits administration solutions.  Benefitfocus, one of the leaders in the benefits management market, is noted for its mobile-friendly design that allows employees to self-enroll and manage their benefits selections. Nucleus found both direct reductions in benefits costs and increases in benefits administrator’s productivity after deploying Benefitfocus.  In one case open enrollment overtime was cut by 60% while in another case an organization reduced health insurance costs by 35% by better steering employees to more efficient plans.