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Take the Guesswork out of Health Savings Accounts with Interactive HSA

Jul 8, 2020 12:12:14 PM / by Picwell posted in Benefits Decision Support, Health Insurance, Consumer Directed Health, HR Tech, benefits advisors, employee benefits, benefits professionals, health savings account

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High deductible health plan. Health savings account. Out-of-pocket expenses.

For many of your employees, the above terms cause immediate confusion, fear, and worry. As a benefits professional, it is your job to alleviate these concerns and help your employees feel more confident when choosing health insurance for the upcoming year.

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Why You Need an HSA in your 20s, 30s, and beyond

Jul 2, 2020 12:22:57 PM / by Picwell posted in Benefits Decision Support, Health Insurance, health savings account, hsa, employeebenefits

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Health Savings Accounts, commonly known as HSAs, are one of the best kept secrets in employee benefits. If you are enrolled in a high deductible health plan (HDHP), you are likely eligible to enroll in an HSA. Contributing to an HSA enables you to maximize your finances, and each year you go without, you’re leaving potentially thousands of dollars on the table.

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How to Build the Right Health Insurance Plans to Satisfy Employees & Meet Employer Needs

Jun 30, 2020 8:48:39 AM / by Picwell posted in Benefits Decision Support, Health Insurance, HR Tech, benefits advisors, employee benefits, benefits professionals

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As a benefits professional, one of the most important parts of your job is to design and offer health insurance options that fit your organization’s needs. But, designing the right set of medical plans is always a challenge. Your organization’s goals will differ from those of your employees and on top of that, each and every employee has different preferences, health risks, and budgets. 

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For Employees: 5 Reasons You Hate Choosing Health Insurance Every Year

Jun 17, 2020 9:05:00 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, HR Tech, employee benefits

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When you choose a health plan, you’re making a complex decision for yourself and for your family - and as we all know, the benefits world is not easy to navigate. Most times you end up buying more insurance than you need in order to avoid risk and gain peace of mind. As a result, you could be paying up to $2000 more per year than you would in a plan that is better fit for your particular needs. 

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How To Prepare for This Year's Virtual Open Enrollment: 4 Smart Steps to Success

Jun 10, 2020 10:00:00 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, Health Insurance, HR Tech

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While evaluating and choosing healthcare and supplemental benefits may not be confusing or difficult to those of us who work in the field, it’s important to remember that the average employee doesn’t fully understand what they’re looking at when it comes to benefits. In fact, in a survey conducted by UnitedHealth, they found that only 9% (yes, you read that right) of individuals understand all four of these basic healthcare terms: 

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For Brokers: How to Differentiate with the Right Decision Support Solution

May 27, 2020 2:36:03 PM / by Picwell posted in Open Enrollment, Benefits Decision Support, Health Insurance, Consumer Directed Health, HR Tech, benefits advisors

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As a health insurance broker, your job is to help your clients make wise benefits decisions, and they count on you to provide the insights and best practices needed to implement successful employee benefits programs at scale.

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4 Reasons Why Benefits Decision Support Matters During COVID-19

May 13, 2020 11:19:21 AM / by Picwell

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The virtual workplace has arrived. The days of benefits fairs, on-site enrollment meetings, on-site vendor support, and roadshows are behind us, and the decisions you make about your benefits administration and communication system during this transition will have consequences for years to come.

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The Secret to Better Employee Engagement + 6 Tips You Can Implement Today

May 12, 2020 4:57:59 PM / by Picwell posted in Open Enrollment, Benefits Decision Support, Health Insurance

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The world has gone remote. We are all making adjustments to keep our heads above water, but your charge as a benefits professional hasn’t changed. Open enrollment is coming and you still need to communicate benefits to your workforce to ensure employees understand and value their benefits.

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Not All Employee Benefits Decision Support Technology is Created Equal

Jan 30, 2020 7:10:13 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, HR Tech

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The Top 5 Strategies to Increase CDHP Participation

Jan 9, 2020 4:15:14 PM / by Picwell posted in Open Enrollment, Benefits Decision Support, Health Insurance, Consumer Directed Health

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Studies show that most of your employees would save a significant amount of money by enrolling in a consumer driven health plan (CDHP). However, the majority of them will avoid this option at your next open enrollment because they’re unfamiliar with how CDHPs work and fear experiencing an economic loss. Their cognitive biases will ultimately cause them to miss out on more affordable (but still high-quality) health care and make your job of promoting these plans much harder. So, how do you get employees to move past these often irrational hurdles and consider electing what can be a financial win for both them and your company?

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