This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Buck Consultants’ Private Health Insurance Exchange Serves 400,000 Participants For 2014 Health Care Enrollment

RightOpt ®, the private health insurance exchange from Buck Consultants, A Xerox Company (NYSE:XRX), is servicing more than 400,000 active participants during the fall open enrollment period.

Since it became available earlier this year, employers using RightOpt include Arby’s Restaurant Group, Bob Evans Farms, Church & Dwight Co., Inc., Domino’s Pizza, Ovation Brands, and Buck’s parent company Xerox.

RightOpt, designed for employers with 3,000 or more employees, focuses on the participants’ health and wellbeing while driving down employer benefit delivery expenses. This private insurance exchange can help employers reduce their health care costs and improve employee and dependent health outcomes through its year-long focus in three key areas – choose, use, and improve. Members are encouraged to “choose” their personally preferred plan options at enrollment, “use” those options effectively throughout the year, and “improve” or maintain their health risks over time.

“RightOpt allows our employees to benefit from lower costs, choose from additional plan options, and work toward improved long-term health through expanded tools and resources that we are able to provide,” said Jim Levine, director, Compensation & Benefits at Church & Dwight Co., Inc. “We reviewed other exchanges and found that they did not fundamentally change the overall amount that Church & Dwight and its employees pay for health care. RightOpt's model is designed to deliver savings that benefit both the company and our employees.”

“The RightOpt delivery platform provided Bob Evans Farms with an opportunity to more cost-effectively deliver a competitive employer-sponsored benefit program while providing expanded plan options and resources to our employees,” said Pam Kuryla, vice president, Total Rewards, Bob Evans Farms. “Moving to RightOpt, combined with Xerox benefit administration outsourcing, supports an integrated experience across our entire workforce regardless of benefit eligibility.”

Buck also recently enhanced RightOpt to include retirees, COBRA members and part-time employees. The expansion of RightOpt means an employer can now cover its entire workforce from hire through retirement, including:

  • Full time/benefit-eligible active employees;
  • Part time/non-benefit-eligible active employees/COBRA;
  • Pre-65 retirees;
  • Medicare-eligible retirees.

“Employers are often confronted with the difficult decisions to reduce or eliminate retiree medical benefits and how to support part-time employees in evaluating and securing individual coverage,” said Sherri Bockhorst, principal and leader, Health Exchange Solutions. “RightOpt provides plan sponsors with a smart way to help their retirees and part-time workers evaluate and purchase appropriate individual coverage using available public subsidies.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,041.54 -190.48 -1.04%
S&P 500 2,104.20 -21.86 -1.03%
NASDAQ 5,032.7510 -56.6110 -1.11%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs