Benefits

Health and Group Benefits

In the United States, the average annual per-employee health care spend will cross the $10,000 mark in 2010. In other parts of the world, a patchwork of governmental insurance and private coverage may be fraying around the edges.

Companies across the world see both the cost and value of workforce health as growing business concerns, especially in the light of rising costs, an aging workforce, growing rates of chronic disease and looming pandemic threats. Towers Watson works closely with organisations to help control health care costs while keeping employees healthy and productive.

You can take advantage of our flexible solutions to evaluate employee population health risks and needs, develop global and local health and group benefit strategies, and design, implement, fund and manage a variety of health and group benefit programmes. We can also help you assess, select and manage vendors and service providers.

Our services include:

Programme Strategy, Design and Pricing
Health Condition Management
Wellness and Health Promotion
Pharmacy Benefit Management Consulting
Workforce Well-Being Evaluation
Employee Education and Research
Communication and Change Management
Performance Measurement and Monitoring
Development of Funding Strategies
Forecasting, Budgeting and Reserve Setting
Vendor Evaluation, Selection and Management
Regulatory Compliance
Health and Group Benefit Administration and Outsourcing

Why Towers Watson?

Towers Watson has 14,000 associates in 34 countries — one of the strongest networks in the health and group benefit business.

We manage numerous employer collective purchasing initiatives that enable employers to achieve greater value from third-party service providers than they can realise on their own.