Zywave Introduces PlanAdvisor Benefits Technology

Zywave, Inc, a provider of technology products and services for insurance brokers, has released a new benefits design management tool called PlanAdvisor(TM), specifically for brokers to offer personalized planning solutions to their clients quickly and easily. PlanAdvisor offers benchmarking, modeling, and analysis features that allow brokers to deliver information based on industry comparison data and actuarial factors that support informed decision making to their clients.

PlanAdvisor generates management reports without carrier data feeds, analyzes the impact of plan design changes and calculates projected plan costs based on trend and claims information. It also features a Plan Selector module for employees to review their health cost estimates and make effective enrollment decisions by taking a more active role in their health care choices.

Changes in the benefits industry and the continued growth of consumerism have signaled a need for brokers to provide services that offer real and measurable solutions to their clients, said Dave OíBrien, Executive Vice President of Sales and Marketing for Zywave. Imagine the reaction of an employer who receives a report containing a benchmark of their current plan, the impact of possible plan design changes and future cost estimates for both medical and Rx. The broker who is prepared with this depth of information secures their trusted advisor role with that client, said OíBrien.

PlanAdvisor technology resulted from the brokerís need to provide clients with substantiated data analysis quickly and efficiently, said Jim Emling, Executive Vice President of Zywave. PlanAdvisor addresses this by eliminating the need for carrier data feeds that normally slow down the analysis process. Through simple data entry from carrier reports, brokers gain valuable time and efficiency while providing reliable benchmark data that targets critical cost and utilization areas of concern.

Distributed by HR Marketer.com