Aon Benefit Experience
What is Aon Benefit Experience?
Benefits now have a greater influence than ever before on an employee’s choice of where to work. Employers are challenged to deliver optionality, flexibility, and more personalized benefits that support the recruitment and retention of top talent — all while containing costs. How can you navigate this paradox of saving money and enhancing benefits, while also investing in employees and the organization?
The Aon Benefit Experience creates a dynamic health coverage marketplace for an organization’s employees, offering a range of standardized plans with multiple insurance carriers that compete at the consumer level. This innovative structure gives employers unprecedented cost control while giving employees a broad choice of health coverage options.
The Value of Benefit Experience
Although most employers (80%) believe their employees are highly satisfied with their benefits, only 58% of employees agree. To make matters more complicated, healthcare costs for employers are projected to increase by 8.5% in 2024 — almost double the average increase in plan costs seen over the last year.
Now, your organization can provide a true consumer experience that maximizes personal choice and contains costs. Aon Benefit Experience helps employees to make confident benefit decisions, provides unparalleled choice and delivers best-in-market savings.
58%
Only 58 percent of employees are highly satisfied with their benefits.
Source: 2023-2024 Aflac WorkForces Report
Why Work with Aon
Our managed marketplace approach and consumer choice model give employees more options and flexibility, along with guided support that helps them make better benefits decisions. This strategy also drives immediate cost savings and eliminates budget volatility for an employer — all without the complexity associated with typical marketplace solutions.
86%
Eighty-six percent of employees with benefits through Aon Benefit Experience reported overall satisfaction.
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Access to the Best Carriers and a Range of Plan Designs
Employees get access to both national and regional carrier options along with different plan designs at varying price points and can select the option that best fits their own needs.
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Decision Support
Our proprietary HelpMeChoose decision support tool makes the buying decision simple and helps employees adeptly navigate offerings and personalize benefits.
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Lower Cost, Greater Value
Free market and fair competition drive value: Every carrier competes for every employee - driving costs down and benefit value up.
How Aon Can Help
With Aon Benefit Experience, organizations can finally get it all: the ability to offer more benefit options while continuing to invest in their employees and businesses.
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For Employees
- Broader Consumer Choice: More affordable benefits give employees the choice they love, resulting in an average annual out-of-pocket savings of $500.
- Health Management: 60+ fully integrated point solutions that support better health outcomes.
- Educated Consumers: Carrier selection is streamlined and guided through Aon’s HelpMeChoose decision support.
- Increased Satisfaction: 86% overall satisfaction with benefits through Aon Benefit Experience.
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For Employers
- Savings: 5-8% average top-line savings in year one and a historical trend of 2.5% over the last 11 years.
- Benefits Harmonization: Turnkey solution for future growth and acquisitions.
- Improved Recruitment and Retention: Competitive plan offerings based on employee’s local market.
- Reduced Administrative Burden: Aon helps manage the benefits program on your behalf, allowing HR teams to shift focus to other key priorities.
8.5%
Healthcare costs are projected to increase 8.5 percent, but Aon Benefit Experience saves clients 5-8 percent in year one and has demonstrated a 2.5 percent compound annual growth rate over the last 11 years.
Source: Aon, U.S. Employer Health Care Costs Projected to Increase 8.5 Percent Next Year
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