Picwell Blog

Picwell Insights: Who Enrolls in Supplemental Benefits (and Who Should?)

Oct 21, 2022 11:05:02 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, HR Tech, employee benefits, empower wise choices,, supplemental benefits, voluntary benefits, risk aversion, financial wellness

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As we covered in our last blog post, supplemental benefits can be an important part of an employee's total benefits package. According to the most recent Aflac WorkForces Report, “more than half, 51%, of all American workers view supplemental benefits as a core component of a comprehensive benefits program,” and, while only about one-third of employees had access to supplemental benefits through their employers, most employees stated that the need for supplemental insurance has been increasing.

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How Benefits Decision Support Can Help Reduce the Effects of Inflation

Oct 13, 2022 8:00:00 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, Health Insurance, benefits professionals, virtual open enrollment

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We all know prices have been consistently increasing over the past several months - but just how much have they actually increased and how is that affecting your employees? Here’s some perspective: Food prices have risen by 11% in the last year. For a family of 4 on a moderate budget, that translates to around an extra $125 per month in groceries! With inflation reaching levels we haven’t seen in over 40 years, everyone is thinking about ways to spend smarter and optimize their budgets. 

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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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Picwell Insights: How Risk Aversion Impacts Benefits Decisions (Part 2)

Sep 21, 2022 8:45:00 AM / by Picwell posted in Open Enrollment, employee benefits, benefits professionals, empower wise choices,, virtual open enrollment, risk aversion

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In our last blog post, we explored the idea of risk aversion, including what it is and how it affects benefits decisions. We reviewed different levels of risk aversion and how those variations impact the way employees think about their health care benefits. Now it’s time to dig even deeper and find answers to questions like,

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Picwell Insights: How Risk Aversion Impacts Benefits Decisions

Sep 20, 2022 8:15:00 AM / by Picwell posted in Open Enrollment, Health Insurance, employee benefits, benefits professionals, empower wise choices,, virtual open enrollment

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When employees hear the word “risk”, they may experience a wide range of emotions. Oftentimes, it’s associated with a type of behavior that ignites excitement and a rush of adrenaline, such as jumping off a 10’ high diving board or betting everything on black in Vegas. However, when it comes to health care benefits, the word “risk” can have quite the opposite effect, leaving employees with feelings of fear and doubt.

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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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Meet the New Picwell DX

Jul 19, 2022 11:30:00 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, HR Tech, benefits professionals, voluntary benefits

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We're thrilled to announce our big news...

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How to Measure and Improve Employee Engagement During Benefits Enrollment

Jun 8, 2022 9:00:00 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, employee benefits, benefits professionals, benefits communications

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Your team works hard to offer a broad range of benefits to keep employees happy and healthy. But, even if your organization offers the best benefits in the world, they’re only valuable if your employees are enrolling in, and using, them. Keeping benefits engagement steady (and working on ways to improve it!) are crucial to ensuring your benefits programs are successful.

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How to Get Employees Excited About Benefits When Plans Haven't Changed

May 25, 2022 9:45:16 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, employee benefits, benefits professionals, supplemental benefits, virtual open enrollment, benefits communications

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So you’ve evaluated your benefits offering and have decided to stick with the same plans for this year’s open enrollment. Without any new benefits to offer, you probably feel like it will be difficult to get employees excited about their benefits. Many will just stick with the same plan because it’s comfortable and easy. But that’s not always the best option - and it will be your job to show them that.

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