Note: Best-fit enrollment forecasts assume that every employee follows the Benefits Decision Support recommendations, even though this is unlikely.
There are two charts in the Forecasted Enrollment tab of Benefits Intelligence: Actual Enrollment and Forecasted Best-Fit Enrollment. These charts represent your organization's current (actual) enrollment and forecast best-fit enrollment data by tier. You can use these charts and tables together to understand the implications of enrollment shifts and what ultimately drives benefit expense at your organization.
The Actual Enrollment chart shows your employees’ current elections for plans configured in Benefits Decision Support. The enrollment data shown is for either the previous or current plan year, depending on your period selection in the Load dialog box. The selected period or plan year shows next to the chart name in parentheses:
The Actual Enrollment chart includes enrollment data from options that are marked Exclude in the Option Configuration section of your Benefits Decision Support configurations. However, those options aren't included in forecasting charts or information in Benefits Intelligence. If you want to see current enrollment data for an entire plan in Benefits Intelligence without having that plan included in forecasts, you can do so by adding a configuration for the plan in Benefits Decision Support and excluding all of its options.
The Forecasted Best-Fit Enrollment chart represents what the enrollment would look like in your organization if every employee chose their best-fit plan as indicated in the best-fit plan analysis:
The forecasted best-fit enrollment charts are based on your Benefits Decision Support configurations for the next plan year relative to the period that you’ve loaded. For example, if you select Previous Plan Year, the enrollment forecasts are based on your decision support configurations for the current plan year. If you select Current Plan Year, the enrollment forecasts are based on your configurations for the next plan year.
If you have a current configuration set up for a plan but not one for the upcoming plan year, Benefits Intelligence uses the current configuration in both cases.
Plans are listed in the legend alphabetically, left to right, and then top to bottom. If you hover the cursor over the name of one of the plans listed in the chart legend, the corresponding bars in the chart are highlighted:
The Forecasted Financial Implications table, shown below the enrollment charts, is a summary of the financial impact your organization could expect if every employee followed the model's recommendations (this is unlikely but can be helpful for budgeting):
The first row of the table shows information about employee-paid premiums, which also includes out-of-pocket costs. The second and third rows show employer expenses, which are totaled in the last row of the table.
The following list describes each column in the table:
- Current: Actual employee and employer expense currently, at the organizational level.
- Forecasted: Forecasted employee and employer expense at the organizational level if all employees chose their best-fit plan.
- % Change: The difference between the Current and Forecasted columns represented as a percentage.
- Value Change: The difference between the Current and Forecasted columns represented as an amount.
- Amount/EE: The forecasted employee and employer expense at the employee level if all employees chose their best-fit plan.
- Change/EE: The difference between the Current and Forecasted columns at the employee level, represented as an amount.
If a plan includes pre- and post-tax domestic partner options, the costs shown in the Employee Paid Premiums row might reflect the full cost of the bundled options or just the cost of the option included in the decision support configuration (typically, the pre-tax option). For more information on including only the premiums for an option in decision support configurations, see Option Configuration.
Dayforce also shows messages about increases or decreases in employee and total employer expense at the top of the tab.
After you understand the current recommendations and enrollment shifts, you can see how plan design and premium adjustments would affect forecasted enrollment and costs in the What-If Analysis tab