Picwell Blog

Health Savings Accounts: How Often Are They Recommended?

Oct 6, 2022 1:58:37 PM / by Picwell posted in Open Enrollment, Benefits Decision Support, Health Insurance, benefits professionals, health savings account, hsa, risk aversion

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In our last few blog posts, we explored Picwell’s health plan recommendations. We reviewed how preferences and financial wellness affect benefits decisions, and how often employees actually choose Picwell recommended plans. 

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Picwell Health Plan Recommendations: What Do Employees Actually Choose?

Oct 5, 2022 11:18:00 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, Health Insurance, health savings account, virtual open enrollment, benefits communications, risk aversion

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In our last blog we explored reasons why the lowest cost health plan may (or may not) always be the best option. We also reviewed how Picwell recommendations work to help guide employees to the best plans for their needs. But, while Picwell will recommend a specific plan, employees may still choose something other than the recommendation. 

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Is the Lowest Cost Health Plan Always the Best Option? (Part 2)

Sep 29, 2022 2:46:25 PM / by Picwell posted in Benefits Decision Support, Health Insurance, health savings account, hsa, virtual open enrollment, risk aversion

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So far we’ve reviewed how preferences and financial wellness impact employees’ benefits selections and as a result, why the lowest cost plan is not always the best option.

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Picwell Insights: The Role of “Capacity to Pay” in Employee Benefits Decisions (Part 2)

Sep 27, 2022 8:00:00 AM / by Picwell posted in Benefits Decision Support, Health Insurance, employee benefits, health savings account, empower wise choices,, risk aversion, financial wellness

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In our last post, we covered the concept of employees’ “capacity to pay” for unexpected medical bills. As many as 40% of employees would not be able to afford a surprise medical bill of $1,000 or more, and, given this result, it's important for employees to consider their financial preparedness for unexpected costs when choosing benefits. 

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Picwell Insights: The Role of “Capacity to Pay” in Employee Benefits Decisions

Sep 22, 2022 8:15:00 AM / by Picwell posted in Benefits Decision Support, Health Insurance, employee benefits, health savings account, empower wise choices,, voluntary benefits, risk aversion

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Every year, the Federal Reserve conducts a study on the financial health of American households, and one of the most frequently cited statistics from this study comes from the following question:

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4 Tips for Choosing the Right Benefits Decision Support Solution

Aug 17, 2022 8:45:00 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, Health Insurance, health savings account, employeebenefits, company culture, employer brand, supplemental benefits, voluntary benefits, virtual open enrollment

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Open enrollment is almost here and it’s time to commit to a benefits decision support solution. As you evaluate your options, we know that the process can feel overwhelming. With all of the tools available on the market, it can be difficult to determine which one will work best for your organization’s (and your employees’) needs. But, you’re in luck - we’ve compiled our top tips to ensure you choose the right benefits decision support solution this year.

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3 Reasons Why Employees Should Change Health Plans

Apr 20, 2022 10:15:10 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, employee benefits, benefits professionals, health savings account, hsa, virtual open enrollment, benefits communications

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The past several years have thrown a wrench into the way your employees live their lives and make decisions - especially when it comes to health care benefits. 

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Tapping into the Millennial Mindset: What Young Professionals Want and Need From Their Health Care Benefits

Mar 23, 2022 8:48:00 AM / by Picwell posted in Open Enrollment, employee benefits, benefits professionals, health savings account, company culture, employer brand, supplemental benefits, remote work

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Most Millennials are now seasoned professionals, and the competition to recruit them is fierce. So, if you want your company to be an employer of choice among this workforce-dominating generation, you must tailor your benefits package and administrative approach to their needs. According to a recent AFLAC survey, 34% of Millennials have rejected a job offer due to dissatisfaction with the benefits provided.

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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

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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!

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Strengthen Your Employer Brand with Benefits Decision Support

Dec 9, 2020 8:49:39 AM / by Picwell posted in Benefits Decision Support, Health Insurance, HR Tech, benefits advisors, employee benefits, health savings account, employeebenefits, company culture, employer brand

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In this day and age, the presence of a strong employer brand is becoming more and more important to both job seekers and current employees. While the employer brand your company builds and maintains has always been integral to its success, over the past few years (and especially now), employer brand and company culture are taking center stage.

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