Before You Begin: You can only add decision support information for health plans that are offered in the United States and that include the word “medical” in the subtype name.
Benefits Intelligence gives you the ability to analyze your benefit offerings based on your organization’s use of Benefits Decision Support. The analysis shows which medical plans the decision support tool recommends for each tier and percentile of use (determined by the responses to the decision support quiz). Using this analysis, you can forecast enrollment and financial impacts on your organization and see how plan changes affect these forecasts, without having to manually evaluate this information.
In Benefits Intelligence, you can:
- Review the distribution of Benefits Decision Support recommendations by tier for each of the plans your organization offers, so that you can quickly see if any of your plan offerings are over- or under-represented in a given tier.
- Forecast the financial impact of a shift in elections if your employees enroll in the recommended plan for their existing tier.
- See how changes to your existing plan offerings could affect future employee enrollments, so that you can evaluate the financial impact those changes might have.
The following image shows the Overview tab of the feature with data loaded:
The feature has four tabs:
- Overview: Provides a snapshot of forecasted best-fit enrollment information along with some key insights.
- Best-Fit Plan Analysis: Shows graphs representing the distribution of recommendations by tier for each of the plans your organization offers.
- Forecasted Enrollment: Shows charts representing your organization's current and forecasted best-fit enrollment data, and a summary of the possible financial impact of a shift to best-fit enrollment.
- What-If Analysis: Allows you to test how changes to your existing plan offerings could affect future enrollment across your organization.
In the first three tabs, Dayforce presents information for you to review. In the What-If Analysis tab, however, you can test how changes to premiums and other expenses would impact your forecast best-fit enrollment.
You must run the Benefits Intelligence Data Preprocessing background job before your first use of the Benefits Intelligence feature and when you start a new plan year (on or after the plan year start date). This job processes enrollment and rate eligibility data before passing it to Benefits Intelligence. You can run the Benefits Intelligence Data Preprocessing background job by clicking Benefits Intelligence Data Processing in the Select Period and Plan Group dialog box in Benefits Intelligence and the toolstrip in Benefits Setup > Benefits Decision Support. See Benefits Intelligence Data Preprocessing.
If you're reviewing the information in Benefits Intelligence and want to make changes to your Benefits Decision Support configurations, you can quickly access that feature from the toolstrip.
Important: Benefits Intelligence doesn't automatically update to reflect changes in other areas of Dayforce. If plans have been added to Benefits Decision Support configurations, you must update plan groups to include these additional plans and then reload the period (click Load to access these options). If changes have been made in Plans and Options (such as changes to rates), or you’ve updated decision support configurations for a plan that’s included in a plan group, you need to run the Benefits Intelligence Data Preprocessing background job again for those changes to be reflected. You can run the Benefits Intelligence Data Preprocessing background job by clicking the Benefits Intelligence Data Processing button in the Select Period and Plan Group dialog box in Benefits Intelligence and the toolstrip in Benefits Setup > Benefits Decision Support.
The following topics describe how to select which data is shown in Benefits Intelligence, the concepts that you’ll need to know to understand the analysis provided, and how to test potential changes to your plan configuration: