Thought Leadership in Action

Lingering uncertainties in the U.S. economy and the still uncertain impact of the ACA continue to make it necessary for employers to refine benefit offerings. There is a need for increasingly sophisticated and meaningful benefits communication and education to support employees and to help them make the wisest decisions for themselves and their eligible dependents.

Research showed that:

• 86%of employees find the insurance purchase process confusing
• 38%report they are not very confident that they made the right decisions during their last annual enrollment
• 42%do not believe they use their benefits effectively

One reasons for this dissatisfaction on the part of employees regarding the benefits offered by their employers — if not the biggest reason — is that most benefits enrollment technology falls short of expectations. These systems do not factor in these truths about benefits enrollment:

1. People don’t want to shop for benefits.

2. Too many choices makes it harder to make decisions.

3. The buying process for health insurance can feel like an irrational one.

4. Employees need to consider more than just the cost of their premiums, deductible and out-of-pocket expenses to make wise decisions.

EbixEnterprise's Online Quoting Portal untangles and demystifies the process of enrolling for employee benefits. This Ebix solution is trusted and used by insurance carriers, agents and buyers (employers, employees/members and individuals). For more information contact EbixHealth toll free at 800-872-7848 or email us, today!