Employers and employees both know the critical role that the workplace plays in offering a better quality of life through a robust employee benefits plan.
What employees may not know, however, is how to capitalize on benefit offerings, or how to select the right benefit options for themselves or their families. And employers may not know how to properly analyze claims made on benefit plans, how to interpret data to adjust their benefits offerings to deliver more of what employees want, or when to develop wellness programs to prevent excessive medical expenses for conditions caused in part by unhealthy lifestyles.
Employers need a central hub for educational materials that explain the complex world of health insurance to their employees.
To help workers better grasp and employ benefits knowledge beyond orientation and yearly renewal periods, employers need an online collection of benefits and wellness materials that serves as a real-time solution generator for employee benefits questions.
Data collected and housed in a central online program will allow employers to refine popular offerings, pinpoint underutilized benefits and analyze employee insurance claims—all of which adds value your benefit package.
Besides data storage and sorting functions, employers need a central hub for educational materials that explain the complex world of health insurance to their employees, alleviating the burden of providing in-depth personal instruction.
Providing a benefits suite can be a dynamic asset for your company that bolsters your bottom line in two critical ways: by acting as a magnet for attracting and retaining top talent, and by keeping your employees and their dependents healthy and free from expensive claims.
Sophisticated benefits analysis tools give workers a chance to research various benefits options and discuss their elections for the coming year with their families.
Having a proper platform in place to disseminate information is crucial. An ideal platform should include support in the form of:
The cost of health care is rising at an unsustainable rate, placing a significant burden on employers. With new health care reform rules, some employers may be tempted to drop coverage and accept a penalty instead, but should also consider the employee satisfaction implications.
Instead of potentially overreacting by dropping benefits altogether, employers can choose to manage costs through claims analysis. While health claims data analysis has long been an option, getting good data can often be challenging. To get full value out of claims analysis as quickly as possible, employers need a tool that is extensive and illuminating, and includes certain features, such as:
For more information about how to maximize your employee benefits and the tools to make it happen, give me a call. I’d be happy to review your current plan.
Eric was raised in Noblesville, Indiana. He attended Ball State University in Muncie and received a B.S. in Exercise Science. After working in the fitness industry, Eric moved to Northwest Indiana and worked in the staffing industry for a couple of years before he made his way to GIS. He currently lives in Chesterton with his wife, Sidney, and their daughter. Eric is presently a Board Member of the Valparaiso Family YMCA. In his free time, he enjoys CrossFit, outdoor activities, and spending time with friends and family.