Picwell Blog

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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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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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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Remote Work and the Future of Benefits: A Message for HR and Leadership

Feb 23, 2022 9:00:00 AM / by Picwell posted in Open Enrollment, Health Insurance, HR Tech, company culture, virtual open enrollment, benefits communications, remote work

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The way people work has changed forever. Technological advancements, shifting attitudes, new priorities, and the pandemic have ushered in an era where more and more people fulfill their professional roles at home. And, this era is here to stay - indefinitely. In fact, a recent study from SHRM revealed that more than half of employees want to work remotely permanently.

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Employee Benefits in Higher Education: How to Reach Faculty and Staff in a Remote World

Feb 16, 2022 9:00:00 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, HR Tech, employee benefits, voluntary benefits, virtual open enrollment, higher education, university

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Let's face it. The last couple of years have not been easy. Between budget cuts, the need to learn new technology on the fly, and other unprecedented, pandemic-related challenges, your institution’s faculty and staff have been put through the wringer these past two years. And so have you. As an HR professional in higher education, you’ve been forced to wear more hats than usual, as you plan ‘return to campus’ strategies and work to keep your teams happy and healthy as uncertainty continues to loom.

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What Your Employees Want: Top Benefits for 2022 and Beyond

Jan 5, 2022 9:55:15 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, Health Insurance, benefits professionals, company culture, employer brand, supplemental benefits, virtual open enrollment, benefits communications

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Sure, your employees want a great salary and a prestigious job title. But, more importantly, they want to work for a company that cares about them. Fortunately, your organization can easily demonstrate appreciation and respect for your team members by offering a company culture and benefits package that truly supports them and their needs. If you’re not sure where to begin, you’ve come to the right place - we’re here to help you get a head start by sharing the top employee benefits your organization should be offering.

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The Ultimate Guide to Preparing for 2021 Virtual Open Enrollment

Sep 8, 2021 9:56:25 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, virtual open enrollment, benefits communications

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The pandemic accelerated the virtualization of most interactions and processes -- and open enrollment is no different. Due to necessity, you’ve managed to run your annual enrollment season from afar without the usual in-person meetings or benefits fair in the cafeteria. 

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For Brokers: 6 Ways to Save Your Clients Money and Increase Employee Engagement During Open Enrollment

Sep 2, 2021 9:47:16 AM / by Picwell posted in Open Enrollment, Health Insurance, virtual open enrollment, insurancebrokers, benefitsconsultants

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As a Consultant or Broker, you wear many hats as you leverage your connections and help companies provide benefits to their workforce. You play the roles of negotiator, educator, analyst, and more. This article will explore six ways you can use your expertise to save your clients money and increase employee engagement during benefits enrollment.

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