Editor’s note: As the go-to implementation partner for Benefitfocus and SAP Benefits, Yazaki North America is one of the many clients where HRchitect has implemented Benefitfocus
Charleston, S.C. – May 9, 2017 – Benefitfocus, Inc., a leading provider of cloud-based benefits management software, today announced it has expanded its client base in the manufacturing sector, adding several new companies to its growing list of manufacturers including Hillyard, Inc. and Yazaki North America, Inc.
“As HR leaders in the manufacturing space continue to invest in the well-being of their workforces, benefits remain an important strategic asset to not only promote well-being but also to attract and retain talent,” said Benefitfocus Co-founder and CEO Shawn Jenkins. “Through the Benefitfocus Platform, our manufacturing clients are uniquely positioned to engage an increasingly diverse workforce, navigate regulatory complexity and rein in healthcare expenses.”
Nearly three out of four manufacturers now offer high-deductible health plans (HDHPs)—up from 50 percent in 2016—according to Benefitfocus behavioral research published in the recently released State of Employee Benefits Industry Edition. To offer additional financial protection from the higher deductibles, manufacturers increased their contributions to family-coverage health savings accounts (HSAs) by 22 percent. More than half offered at least one voluntary income (“gap”) protection benefit across accident, critical illness or hospital indemnity insurance, and over 25 percent of manufacturers offered all three of these products.
Auto parts manufacturer Yazaki North America, Inc. supplemented its health care plan with voluntary benefits and applied Benefitfocus technology to enhance collaboration and communication with its 1,850 employees. “With Benefitfocus we received more than an automated enrollment technology, we also have an extended HR team of benefits specialists through the Benefitfocus Benefits Service Center that adds capacity and centralized support for our workforce,” said Senior Benefit Manager Dawn Jones.
Hillyard, Inc. a leading manufacturer and distributor of cleaning and hygiene solutions moved from paper to electronic thanks to the BENEFITFOCUS® Marketplace, which not only streamlined its open enrollment and benefits management processes, but also automated ACA compliance, giving benefit administrators a boost in confidence. “The platform enhanced our member experience and simplified ACA reporting. The system makes it easier to comply,” said Gregg Roberts, Vice President of Human Resources. “It just made sense to use the Benefitfocus Platform to simplify the entire benefits management process.”
Learn more about enrollment behavior by industry in the Benefitfocus State of Employee Benefits Industry Edition.
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