Workscape and Milliman Work Together to Expand Outsourced Benefits Administration Offering
Strategic Alliance Extends and Enhances Total Benefits Outsourcing Solutions
| Source: Workscape
MARLBOROUGH, MA and SEATTLE, WA--(Marketwire - February 11, 2009) - Workscape, Inc., a leading
provider of web-based outsourced benefits and talent management solutions,
and Milliman, Inc., one of the world's largest independent actuarial and
consulting firms, have forged a strategic alliance designed to extend
Workscape's health & welfare services and Milliman's defined benefit and
defined contribution services (DB/DC) to the market, as well as their
respective clients.
Since the company's inception, Workscape has delivered a comprehensive
array of web-based health and welfare benefits administration technologies
and services that enable organizations to reduce their overall healthcare
spending while also helping employees to identify, select and manage their
benefit elections. The addition of Milliman's services extends the
company's offering, which means Workscape can now help to meet the DB/DC
needs of a client's active workforce as well as its retirees.
Milliman's total retirement outsourcing (TRO) service helps employers to
eliminate the paperwork and expense typically associated with DB/DC
administration, while simultaneously improving access to pension and other
retirement-related information for employees. Through a sophisticated yet
easy-to-use web portal, participants can view their 401K investments and
pension plan details, make changes and leverage powerful calculation and
modeling tools to ensure that their savings strategies are consistent with
their retirement goals.
From a healthcare benefits perspective, Workscape adheres to the same core
belief of making the selection and participation process as simple and as
straightforward as possible. Integrated, web-based decision support tools
help employees to select the healthcare plan that is best suited to their
personal and financial needs, cost calculators drive greater participation
in flexible spending account programs and health risk assessments help
employees to become more aware of their health condition and more proactive
in addressing potential concerns. Through these capabilities, HR
organizations can transform the benefits enrollment process from a largely
transactional activity to one of high strategic value which drives tangible
bottom-line results.
In addition to the various online tools made available through this
alliance, client organizations can also leverage the services of
Workscape's 24x7 U.S.-based employee support center to answer questions and
assist with enrollment. As a result, employers can deliver a consistent
service experience and create a better-informed, more secure and more
content workforce.
"Milliman is consistently ranked as a 'best-in-breed' provider in the
defined contribution space and shares our dedication to improving the
overall benefits experience for employer and employee alike," said Tim
Clifford, Workscape's founder and CEO. "Together, our two organizations can
provide employers in virtually any industry with a complete, end-to-end,
integrated benefits solution."
For more information, visit http://www.workscape.com or www.milliman.com.
About Milliman
Milliman is among the world's largest independent actuarial and consulting
firms. Founded in Seattle in 1947 as Milliman & Robertson, the company
currently has 49 offices in key locations worldwide. Milliman employs over
two thousand people, with a professional staff of more than a thousand
qualified consultants and actuaries, including specialists ranging from
clinicians to economists. The firm has consulting practices in healthcare,
employee benefits, property & casualty insurance, life insurance and
financial services. Milliman serves the full spectrum of business,
financial, government, union, education and nonprofit organizations. For
more information, visit www.milliman.com.
About Workscape
Workscape is a leading provider of business-critical HR solutions that
enable hundreds of organizations to manage their two largest workforce
expenditures: employee benefits and performance-driven compensation.
Workscape's offerings share a common technology platform, can be readily
integrated with existing IT investments, serve millions of employees, and
are scalable and configurable to meet the distinct requirements of
organizations ranging from 1,000 to over 500,000 employees. Solutions
support the needs of some of the largest organizations in the world and
their employees in over 70 countries. Workscape's outsourced benefits
administration offerings are backed by U.S.-based 24/7 support for managers
and employees on policies and processes. For more information about
Workscape, visit www.workscape.com or call (888) 605-9620.