CHICAGO, IL – July 16, 2013 – Analysts International Corporation (AIC) (Nasdaq: ANLY), a national IT services firm, has partnered with ConnectedHealth, provider of the industry-leading health insurance and benefits ecommerce marketplace and personalized shopping platform for employers, health plans and consumers, to implement a new strategy for employee benefits: offering defined contribution options to AIC’s employees. Both Companies will share details about their partnership at the Employee Benefit News’ (EBN) Private Healthcare Exchanges Conference on July 18, 2013, at the Hyatt Regency McCormick Place in Chicago, IL. By adopting this new approach, AIC joins other forward-thinking companies who are pioneering new territory in finding solutions to better manage their benefits costs, while ensuring their employees have the coverage and benefits they need.
“Attracting the best talent is our top priority at AIC – it’s how we serve our clients,” said Marne Oberg, AIC’s Vice President of Human Resources and Corporate Communications. “When we were exploring options for improving the way we provide benefits, the philosophy of defined contribution really struck a chord with us. We found a like-minded partner in ConnectedHealth, and their exchange platform easily accommodates all of our different employee groups.”
With a defined contribution approach, AIC was able to set their contribution amount for each category of benefit-eligible employees. Employees shopped on ConnectedHealth’s platform using those funds and were able to choose their insurance from a variety of medical plans, along with dental and vision options. Some employees purchased plans that cost less than AIC’s contribution and could put the remaining funds into a Health Savings Account to help offset future medical costs. Other employees opted to buy richer benefits and were able to set up their own pre-tax payroll contributions to pay for the balance of the premium.
Employees who were eligible for more limited coverage through AIC were also offered a defined contribution amount and were able to shop on a version of the marketplace that provided them with the opportunity to purchase an individual medical plan from a variety of insurance carriers.
“The ConnectedHealth Smart Choices solution made the transition to defined contribution very straight-forward for our employees,” said Oberg. “The experience was so intuitive that we had very few inquiries to our HR staff during open enrollment.”
“As a technology company, AIC embraces innovation – not just in their work but in the way they do business,” said ConnectedHealth CEO John Fiacco. “We are proud to be partnering with AIC to make employee benefits a competitive advantage for them to attract and retain their top-notch talent, and we look forward to expanding our partnership.”
Analysts International Corporation (AIC) is an IT services firm fully dedicated to the success and satisfaction of its clients. From IT staffing to project-based solutions, AIC provides a broad range of services designed to help businesses and government agencies drive value, control costs and deliver on the promise of a more efficient and productive enterprise. The Company offers a flexible, collaborative approach; clear industry perspective; and the breadth, scale and experience to deliver results. For more information, visit http://www.analysts.com.
ConnectedHealth drives corporate growth by making it easy for employees to be healthy and financially secure. Founded by pioneers of the consumer transparency movement, the Company’s award-winning consumer-friendly platform delivers innovative benefits strategies while offering consumers the most intuitive benefits shopping platform available. To learn more about how ConnectedHealth is revolutionizing group and individual benefits, visit us at www.ConnectedHealth.com or on Linkedin, Facebook and Twitter.