|[February 28, 2013]
Buck Consultants Unveils Details on RightOpt, a National Private Health Insurance Exchange
NEW YORK --(Business Wire)--
Consultants, A Xerox
Company (NYSE: XRX), plans to launch RightOptTM,
a private health exchange for employers with 3,000 or more
benefit-eligible employees. Buck's exchange is intended for fall 2013
Buck's RightOpt health exchange design can help employers reduce their
health care costs and improve employee and dependent health outcomes
through health insurance provider relationships that are negotiated and
managed by Buck.
RightOpt would differ from other private exchange options by allowing
participating employers to use a national network of providers offered
to employees based on the value each provider delivers in a specific
metropolitan area. Employees located across the country would access the
more deeply-discounted networks of providers; a model many employers
have avoided historically due to the administrative complexities. The
solution is planned to be available on both a self-funded and a fully
Buck's RightOpt health exchange strategy focuses on personalizing the
member experience based on a family's health, adversity to risk and
preferences. A single access point portal would support the
personalization of benefits in three key areas - choose, use and
improve. Members would be allowed 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.
This single access point portal would include member education,
decision-support tools and health engagement resources designed to help
employees make more informed decisions.
According to a recent Buck Consultants survey,
the top two issues facing U.S. employers are reducing health care costs
and improving worker productivity, noted Sherri Bockhorst, principal and
leader, Buck Health Exchange Solutions.
"RightOpt can help address this challenge by enabling employers to
promote a healthier and more focused workforce while driving costs out
of the health care delivery system," said Bockhorst.
Buck also offers a retiree exchange platform, My
Medicare Advocate®. It helps retirees evaluate and select
from a range of Medicare coverage or plan choices, and provides
customized information and personal assistance. Xerox administers
Medicaid programs in 36 states and the District of Columbia and is
involved in developing systems for public healthcare exchanges to be
implemented by certain states.
For more information, please click
here for a podcast on Buck's RightOpt excange.
About Buck Consultants
Buck Consultants, A Xerox Company, is a leader in human resource and
benefits consulting with more than 1,500 professionals worldwide.
Founded in 1916 to advise clients in establishing and funding some of
the nation's first public and private retirement programs, Buck is an
innovator in the areas of retirement benefits, health and welfare
programs, talent and human resources solutions, compensation, and
employee communication. News and other information about Buck
Consultants are available at http://www.buckconsultants.com.
With sales approaching $23 billion, Xerox
(NYSE: XRX) is the world's leading enterprise for business
process and document
management. Its technology, expertise and services
enable workplaces - from small businesses to large global enterprises -
to simplify the way work gets done so they operate more effectively and
focus more on what matters most: their real
business. Headquartered in Norwalk, Conn., Xerox offers business
process outsourcing and IT
outsourcing services, including data processing, healthcare
benefits management, finance
solutions, and customer
relationship management services for commercial and government
organizations worldwide. The company also provides extensive
technology, services, software
Xerox supplies for graphic
communication and office
printing environments of any size. The 140,000 people of Xerox serve
clients in more than 160 countries. For more information, visit http://www.xerox.com,
For investor information, visit http://www.xerox.com/investor.
Note: To receive RSS news feeds, visit http://news.xerox.com/rss.
For open commentary, industry perspectives and views visit http://twitter.com/xeroxcorp,
XEROX®, XEROX and Design® are trademarks of Xerox
in the United States and/or other countries. My Medicare Advocate®
and RightOptTM are trademarks of Buck Consultants, LLC.
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