August 18, 2014 – Arlington, VA – Towers Watson, a leading global professional services company, announced today that in the first half of 2014, 45 major U.S. employers launched OneExchange for full-time, part-time or retired employees. This is the largest number of employer implementations outside the typical fall enrollment period in the private exchange’s eight years of operation.
“Launching a private exchange outside the fall enrollment season lets employers set their own timetable based on what’s best for their workforce and business cycle,” said Bryce Williams, managing director with Towers Watson’s Exchange Solutions. “This approach can offer employees and retirees additional breathing room to learn about their options, access tools and advisory services, and select the best plan for them. It also lets them get more comfortable with a new exchange model, reducing worry and increasing satisfaction.”
The 45 employers that adopted Towers Watson’s OneExchange range across industries and both the public and private sector. They include:
- GameStop: Full-time active employees
- International Paper: Medicare-eligible retirees
- Northrop Grumman: Medicare-eligible retirees
- State of Rhode Island: Medicare-eligible retirees
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