Picwell Blog

6 Reasons Your Organization Needs Benefits Decision Support Now

Sep 9, 2020 9:02:00 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, Health Insurance, HR Tech, benefits advisors, employee benefits

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With all of the changes we’ve seen over the past six months, it’s become clear that benefits decision support has never been more needed than it is right now. If you’re still on the fence about whether or not to implement a decision support solution into your organization, here are 6 reasons that will make it a no-brainer.

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4 Reasons Why an HSA is Better for Retirement Than a 401(k)

Aug 19, 2020 10:30:00 AM / by Picwell posted in Benefits Decision Support, HR Tech, employee benefits, benefits professionals, hsa, employeebenefits

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When we start to think about retirement savings, most of us think of a 401(k) or an IRA as the primary vehicle that we will use to achieve our retirement goals. But there’s another account that not enough people are taking advantage of that could be more beneficial in the long run and that is a Health Savings Account (HSA). 

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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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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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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

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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. 

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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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Benefits Decision Support: 3 Reasons Why it’s a Huge Trend for HR

Jan 6, 2020 11:52:14 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, HR Tech

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If you haven't already heard the term “employee benefits decision support,” chances are you will soon. In fact, a study by Willis Towers Watson estimates that 71% of employers will offer a decision support tool by 2020. This fast-evolving benefits trend has emerged due to three key reasons:

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