Simplify Benefit Decisions for Your Employees with AI
by Christian Kunkel October 7, 2021
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The last year has made the labor landscape increasingly competitive. One way employers can stand out is by increasing their benefit offerings. This can put major medical, dental, and vision coverage, PTO, retirement benefits, life insurance, supplemental, disability, and even pet insurance on the table.
All those options–and providers–add a new level of complication to HR. You want to offer the best possible coverage for your employees, but their needs and budgets are varied–and so are the many insurance products in the marketplace. How can you know exactly which benefits are the best fit for your team?
More Information Means Better Options
Even the most experienced benefits managers can’t know everything about their employees. There are simply too many variables to weigh. Nayya’s innovative approach harnesses the power of artificial intelligence to create a personalized experience for employees – leveraging big data to create actionable insights and provide clear, meaningful choices for employees.
Nayya guides each employee through a series of questions and uses their responses to create a holistic portrait of their insurance needs. This means a better, more understandable suite of options for employees. It also reduces the time your HR staff has to spend researching benefits or fielding a high-volume of questions before and during enrollment.
Our employee-first approach allows Nayya to transcend confusing employee info sessions and one-size-fits-all brochures, bringing transparency, simplicity, and personalization to insurance. It takes a 360-degree view of each employee and offers options that suit real people, rather than spreadsheet entries.
With Nayya, insurance needs and rates are not dependent merely on demographic info. Past health care expenses, future expectations, medication needs, etc. might predictably figure into actuarial calculations, but there are less common and more subtle factors that are important to consider.
For example, where your employees live and work can have a significant impact on their insurance needs. Urban transit riders have different risks than suburban commuters. Taking into account location and lifestyle considerations, Nayya has the power to tailor wellness plans and health care benefits to protect your employees’ health, their budgets, and their peace of mind. The personalized approach allows your employees to understand their benefit options and to feel confident that they have made the right choice.
Taking the Stresses, and Guesses, Out of Insurance
The skyrocketing cost of health care and the expanding variety of options keep insurance top-of-mind—and bottom-of-heart—for most employees. Four out of five Americans report finding the process of benefit selection to be very stressful, and many regret the choices they make at enrollment.
Still, making the right decision about an insurance package has long-term impacts on an employee’s physical and financial health. That’s why Nayya provides personalized guidance for each employee. Within minutes of completing a user-friendly series of questions, each employee can see which plans you offer, and which best match their needs and budget. The decision-support experience helps employees feel satisfied with their options and confident about their choices.
Employees using Nayya report huge decrease in questions about their coverage and enrollment. They know what benefits they have, and perhaps even more important, why they have them. And they save money ($1,200 annually, on average) by paying only for the insurance coverage they need.
Give your employees the information, guidance, and support they need to make the right health care decisions for themselves and their families. It is one of the most important choices they’ll make–and one of the best ways you can provide meaningful benefits to your staff.
Want to learn more? Schedule a demo today to see how a GPS for benefits works!
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