Make Employee Benefits Administration Easy With CaliforniaChoice
Here are 4 ways CaliforniaChoice helps small businesses streamline their employee benefit administration process:
- Bundle the health insurance options you offer employees, and get one consolidated monthly bill that keeps employee benefits simple.
- Let your employees choose the plan that is right for them. Set your employer contribution, and the rest is up to your employees.
- One company website makes managing your benefits easy. Terminate and add employees with ease, and print out ID cards with a simple request. Also allows employees to find a doctor or specialist in their network, find prescription drugs within their coverage, and access to our premier employee discount program provided by Cal Perks along with a lot more.
- Offer multiple benefit options, and keep it simple at the same time.
Private Health Exchange Enrollment on the Rise
Private health insurance exchange growth hit eight million in the first half of 2016, increasing by more than one-third (35 percent) from 2015, according to an analysis by global professional services company Accenture. The private exchange movement had approximately six million participants in 2015, up more than 100 percent from 2013. California’s first private health insurance exchange, CaliforniaChoice has been serving businesses for more than 20 years. It focuses on groups of one to 100 employees and reports a significant increase in its membership during the past five years since the Affordable Care Act (ACA) was signed into law. Today, CaliforniaChoice serves more than 17,000 employers and 306,000 employees and dependents.
What’s driving the move?
Defined Contribution, which allows employers more control over their costs, is one reason why more businesses are moving to a private exchange. You decide what amount you want to contribute to your employees’ health coverage. You can choose a fixed dollar amount for each employee or a percentage of your employees’ cost of insurance. It’s your choice. A private exchange also gives employees more choices, including the ability to choose the HMO, PPO, or HSA health insurance plan they prefer. They apply their employer’s generous contribution to the coverage they want and if it costs more than the employer’s contribution, they simply pay the difference through convenient payroll deduction.
Health care reform is also motivating employers to revisit and re-examine their approach to benefits. The ACA requires businesses to include benefits that may not have been part of their employee benefits program previously and it mandates new reporting. Another consideration is reduced administrative burden. Private exchanges offer employers the ability to expand their employees’ options, control their costs (using defined contribution), and streamline their benefits administration – with online enrollment for multiple health plans, a single bill for all coverage, and one website and toll-free number for employee support. Contact a CaliforniaChoice broker to find out how CaliforniaChoice can deliver cost control to you, while offering your employees more health care choices than ever before.
Cal Perks Offers Big Savings on Things Employees Love
The Cal Perks employee discount program is the premier provider of employee incentives and rewards for California businesses. It’s available for purchase directly from Cal Perks, but also offered at no cost to employers taking part in the CaliforniaChoice private health exchange. Employers, employees, and their loved ones use Cal Perks because it is a true benefit, rather than just a ticket broker or a click-through provider. Cal Perks’ relationship with it 200+ partners means they are able to negotiate real savings on products, services, and entertainment that employees want and will use every day. Statewide, Cal Perks serves hundreds of thousands of California employees and their families. CaliforniaChoice members can join Cal Perks and get access to deals on theme parks and water parks, including:
- California’s Great America
- Disneyland and California Adventure
- Gilroy Gardens
- Raging Waters
- Six Flags Magic Mountain
- Discovery Kingdom
- Universal Studios Hollywood
Discounts are also offered on Major League Baseball, National Basketball Association, and National Hockey League tickets.
Savings are available on vacation packages, hotels, car rentals, movie tickets at:
- Pacific theaters
Family entertainment and education at venues like:
- Aquarium of the Bay
- Aquarium of the Pacific
- California Academy of Sciences and Discovery Science Center
- Los Angeles County Fair
- Disney on Ice
- The Harlem Globetrotters
- Palm Springs Aerial Tramway
- Santa Cruz Beach Boardwalk
In addition, Car Perks offers cash back at more than 2,000 retailers, cash rewards for renewing a Costco or Sam’s Club membership, savings on taxes with H&R Block and Jenny Craig, and much more. Contact a CaliforniaChoice broker to find out more about the no-cost Cal Perks benefits available to employers through CaliforniaChoice.
Health Insurance Helps Employers Attract and Retain Employees
Facing an increasingly competitive job market, many employers are relying on health benefits as a recruitment and retention tool, according to 2015 research by the Society for Human Resource Management (SHRM). More than ever before, a good health insurance offering is a vital tool for hiring. The HR association’s study found employers are leaning on a range of employee benefits to help them woo current and prospective employees.
The SHRM survey results showed the vast majority (96 percent) of organizations offer health care insurance. On average, respondents said their organizations are paying 76 percent of employees’ total health care costs. Forty-six percent said their organizations increased the employee share of health costs over the prior year.
Using Employee Benefits as a Retention Tool
Of 460 human resources professionals taking part in the 2015 survey, 38 percent said their organization had leveraged their benefits – ranging from paid leave to wellness programs – to recruit employees. One-third (33 percent) said in the past year they had used benefits to keep employees from leaving their companies. That was nearly double from the 18 percent who said they used benefits as a retention tool in a 2012 survey.“While the competition for talented workers has heated up, there has been little change in base salaries. So HR has strategically turned to benefits to attract – and keep – skilled professionals,” said Evren Esen, director of SHRM’s survey programs. “From unlimited vacation to unusual perks such as electric car charging stations, companies are using benefits to set themselves apart from the competition.” The Kaiser Family Foundation says that, nationwide, nearly half (49 percent) of Americans get their health insurance through their workplace. In some states, the percentage is even higher – it’s 50 percent or more in 28 states.
In California, it was 46 percent in 2014, the latest year for which data has been reported. As small group employers look for ways to reduce costs, many are considering a move to a private health exchange, which offers a way for them to control their costs, while still offering employee choice. The CaliforniaChoice private exchange offers businesses with up to 100 employees great health insurance options plus discount dental, vision, and hearing, a free Premium Only Plan, access to HRAnswerLink, Cal Perks employee discounts to movies, theme and water parks, sporting events, hotels, car rentals, and more – all of which can help you retain your existing employees and attract new ones. Contact a CaliforniaChoice broker to find out if a private health exchange makes sense for your company and to learn more about the no-cost CaliforniaChoice Business Solutions Suite.