It’s the year of the HSA and this tax-advantaged benefit is finally getting the recognition it deserves! While health savings accounts (HSAs) have always featured a host of valuable benefits, many employees have shied away from them in the past, often due to a lack of awareness and understanding. Now (due in part to the effects of the pandemic) nearly 50% of workers surveyed are investing the time to learn more about the plans that protect their health and their wallet. In addition, 77% of employees reported their HSA gave them peace of mind over the past year!
Health Savings Account (HSA) Roundup: Talking Points for Benefits Pros
Mar 9, 2022 9:01:00 AM / by Picwell posted in Benefits Decision Support, Consumer Directed Health, HR Tech, health savings account, hsa, employeebenefits, CDHP, hdhp
Evaluating Open Enrollment Success: 4 Metrics to Consider
Dec 1, 2021 9:15:56 AM / by Picwell posted in Benefits Decision Support, Consumer Directed Health, employee benefits, benefits professionals, supplemental benefits, voluntary benefits, benefits communications
You did it! You made it through another challenging open enrollment season. But, that doesn’t mean your work is done. After a quick breather, it’s a good idea to jump right into strategic planning for next year because as you know, the earlier you start, the more effective and efficient your open enrollment will be. In this article, we’ll share the top four metrics you should consider to evaluate open enrollment success and help guide your strategy for the next year.
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
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.
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
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.
What You Need to Know About COVID-19 and Health Insurance Coverage
May 7, 2020 1:11:31 PM / by Sam Kina posted in Benefits Decision Support, Health Insurance, Consumer Directed Health
Study: Picwell’s AI-Powered Decision Empowers Health Insurance Agents
Apr 30, 2020 1:40:14 PM / by Sam Kina posted in Open Enrollment, Benefits Decision Support, Health Insurance, Consumer Directed Health, HR Tech
Millions of people must choose a health insurance plan each year. From seniors enrolling in Medicare to the large share of the U.S. population who choose an employer provided offering or selecting among plans on a state exchange, the one constant across all of these settings is that picking the right health insurance plan is extremely difficult.
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
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?
5 Reasons Why Your Employees Choose Expensive Health Insurance
Jan 9, 2020 4:09:45 PM / by Picwell posted in Open Enrollment, Health Insurance, Consumer Directed Health