Voluntary Benefits Practice

VOLUNTARY SOLUT IONS

L O C K T O N C O M P A N I E S

Ye a r s o f e x p e r i e n c e a n d e x p e r t i s e w o r k i n g t o g e t h e r w i t h y o u t o h e l p m a i n t a i n c o n t r o l o f t h e c o s t o f y o u r b e n e f i t s .

Over the past several years, increasing benefits costs have forced employers to cut back on benefits provided, raise copays, and implement HDHPs in an effort to cost shift responsibility to their employees. To assist employees in coping with the increased personal cost and consumer accountability, many employers are searching for solutions that can be delivered in a low cost and high value manner. Voluntary Benefits coupled with strong employee benefit communication programs offer that solution.

The 11th Annual MetLife Study of Employee Benefits Trends indicates that:

W H Y V O L U N T A R Y B E N E F I T S N O W ?

� A variety of voluntary benefits doubles the power of the program to drive loyalty.

� The current economic conditions provide opportunities to increase employee options

� Benefits are important for attracting employees, even in difficult economic conditions

EMPLOYERS RECOGNIZE

� Continue to look to employers for financial security through employee benefits

� Believe benefits are an important consideration when deciding their future

� Are frustrated and confused due to cutbacks and Healthcare Reform

� 62% of employees and interested in their employer providing a wider array of voluntary benefits

EMPLOYEES

Understanding the

client’s goals, objectives,

philosophy, and culture

UNDERSTANDAnalyze and assess the

clients global benefit

strategy

ANALYZEIdentify voluntary

products to compliment

and integrate with global

benefit strategy

IDENTIFY

Educate, communicate and

enroll benefit programs

EDUCATEDetermine enrollment

process and method

DETERMINECreate a customized

education and

communication process

CREATE

O U R A P P R O A C H

Lockton Voluntary Solutions – Voluntary Benefits Practice

H E A L T H C A R E R E F O R M

Employees will be faced with more options than ever before, and it is the employer’s job to educate each employee on his or her options.

An effective communication and enrollment strategy allows employers the opportunity to educate all eligible employees about the options they will have available in 2014 and beyond with no additional cost to the employer. Best practices are for the employer to communicate what the employee’s options are if he or she declines coverage, and goes to a public exchange.

Our strategy will incorporate other benefit options to fill in the gaps in coverage such as voluntary products i.e. critical illness, accident, life, hospital plans and disability products.

OUR SOLUTION

� Create a customized communication campaign which outlines all plan options

h Current plan options h MEC option h New 60% plan option h Exchange options h Voluntary benefit options h Individual mandate penalty

� Train enrollment teams about plan options and communication strategy for employee outreach. The goal is to explain all plan options, as each employee’s needs are different.

� Coordinate with HR team and managers to schedule meetings at every location.

� Meet face-to-face with every employee to explain all plan options. Help them understand what will work best for them and their families based on need and affordability.

Our approach allows your employees to customize their benefits needs without increasing your costs. Your employee obtains the direct value and security of additional benefits at very competitive and affordable rates while your business gains the following benefits:

B E N E F I T S F O R T H E E M P L O Y E R

Controls the increasing cost of benefits

Voluntary Benefits fill in the gaps for employees in their personal plan design/needs and offers longer term financial security missing from traditional group programs.

Provides your employee with the opportunity to customize a comprehensive benefits plan around your existing core benefits

Maximizes the ROI of your existing benefits by educating your employees about the current benefits and their value

Requires no change to existing benefits plan

Strengthens the employer/employee relationship by offering a well rounded, competitive benefits plan

Assists in recruitment and retention of quality employees

Educates employees on the best benefits options for them and your company with regards to Healthcare Reform

www.lockton.com

© 2013 Lockton, Inc. All rights reserved. Images © 2013 Thinkstock. All rights reserved.

ROSS KRASNOWVice President646.572.3905

917.848.9766 (cell)646.871.3905 (fax)

rkrasnow@lockton.com

STEVE EISENBERGVice President646.572.3965

609.610.3500 (cell)646.871.3965 (fax)

seisenberg@lockton.com

Lockton Voluntary Solutions – Voluntary Benefits Practice

B E N E F I T S F O R T H E E M P L O Y E E S

ONSITE ENROLLMENT

ONLINE ENROLLMENT

CALL CENTER

Or, a customized combination of

all three!

A quality, customized benefits solution tailored to their individual needs at group discount rates

Professional, expert guidance

in selecting benefits

Customized statements outlining detailed benefit coverage and cost to enrich employee communication

Provides financial security to the employee and their family at different stages of life

Helps to clarify choices

with regards to Healthcare Reform.