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What employees don’t understand about their benefits can cost them.

Give your team the tools to better understand their health coverage and save.

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We know from experience that most employees make costly errors when they choose their health insurance plans, buying more than they need or leaving money on the table because they don’t fully understand their options. The BeneFITwise Intelligence Guide uses artificial intelligence to analyze each employee’s unique needs, giving them personalized recommendations that optimize cost effectiveness and risk protection.

Make picking health insurance simple for your team.

You may or may not be surprised to hear that 61% of employees overspend on health benefits, but the fact is your employees likely aren’t getting the most out of their benefits plans because they don’t fully understand them.

With BeneFITwise, we use advanced analytics to find the best options for each employee, looking at risk, cost and personal preferences to show options tailored to their needs.

BeneFITwise uses algorithms to compare employees to similar participants across age, gender, prescription usage and location to predict usage patterns and score plans based on what’s likely to be best for them in the coming year.

That makes it easy for employees to find the coverage that best meets their needs for the lowest cost.

Getting started is fast.

The process begins with employees responding to a few brief questions about their current healthcare, family status and risk tolerance. This process usually takes five minutes or less.

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Choosing a plan is easy.

Our system then creates a customized ranking of medical plans and suggests recommended HSA amounts, all based on a RealCost formula that accounts for premiums and out of pocket expenses.

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How the BeneFitwise Intelligence Guide helps employees:

be-icon-color Personalized Guidance Unique advice for each employee’s medical plan and HSA contributions is generated in minutes.  
be-icon-color Smart Recommendations

Anonymized data is used to compare each employee to millions of others with similar needs when generating suggestions.

 
be-icon-color Stress-Free Open Enrollment

Each employee can find the coverage and plan that works best for their situation, taking the anxiety out of choosing coverage.

 
be-icon-color Appreciation & Empowerment Personalized benefit descriptions boost employee satisfaction by giving them insight into each benefit’s value.  
be-icon-color Comprehensive Education Easy-to-understand comparisons of available health plans make it simple for employees to educate themselves on their options.  
be-icon-color Deep Insight

Post-enrollment reports use de-identified data to give you actionable insight into how your workforce engages with benefits.

 

Don’t let your employees become statistics.

We know that most employees don’t have the time or support to fully understand their benefits options and choices, and that lack of understanding can cost them real money in unneeded coverage.

90% of employees keep the same benefits year to year, even when better options are available.
86% of employees don’t fully understand basic terms like deductible, copay, coinsurance, and out of pocket maximum.
$2k dollars are spent by the average employee each year on unnecessary insurance costs.
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See how our intelligence guide helps employees make better decisions.

Watch our instructional video to see just how easy it is for employees to get personalized healthcare recommendations and education through the BeneFITwise tool.

Fast enrollment.

Employees can go from login to viewing their ranked plans in under five minutes.

Comprehensive advice.

The tool uses advanced algorithms to give each employee a ranked list of their best options.

 

Are you ready to help your team get the most out of your benefits offerings?

If you want to give your team the power to understand and optimize their health benefits, we’re ready to help. Download our product sheet for more info or get in touch today.

Download Product Sheet