Workscape and Milliman Work Together

By TMT Newswire

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 www.workscape.com or www.milliman.com.