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 targeting critical cost and utilization areas of concern.
Milwaukee, WI (PRWEB) August 2, 2006
Insurance brokers can offer personalized planning solutions to employers quickly and easily thanks to PlanAdvisor™, a benefits management tool from Zywave, Inc., a leading provider of technology products and services for insurance brokers. Zywave has developed a benefits management tool called PlanAdvisor™ specifically for insurance brokers to offer personalized planning solutions to employers quickly and easily. It features a Plan Selector module for employees to review their own health cost estimates and make effective enrollment decisions, giving them a more active role in their health care choices. Employees access Plan Selector from a link sent to them by their employer or via a posting placed on HRconnection®, an employee information portal that is also available from Zywave.
"Changes in the benefits industry and the continued growth of consumerism have signaled a need for insurance brokers to provide services that offer real and measurable solutions to their clients and employees," said Dave O’Brien, executive vice president of sales and marketing for Zywave. "PlanAdvisor provides the employer with a benchmark of their current plan and the possible impact of plan design changes and future cost estimates for both medical and pharmaceutical care. Plan Selector helps the employer educate the employee on the real costs for health services, so better choices are made and both achieve true cost-savings. The insurance broker who has this application ultimately secures their trusted advisor role with their client," said O’Brien.
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 offers benchmarking, modeling, and analysis features that allow brokers to deliver information based on industry comparison data and actuarial factors, supporting informed decision-making to their clients.
"PlanAdvisor technology resulted from the broker’s 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 targeting critical cost and utilization areas of concern."
PlanAdvisor is now available, and more information can be found at http://www.Zywave.com.
Zywave is the leading provider of a line of Web-based employee benefit and property and casualty communication, administration, and claims data analysis systems designed to help insurance brokers gain profitable market share. These applications help brokers secure and retain business by differentiating them from their competitors, and allowing them to compete on a high-capabilities basis. Additional information about Zywave may be found at http://www.zywave.com.
Donna Nash, Zywave, Inc.
2323 N. Mayfair Road, Suite 320
Milwaukee, WI 53226
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.
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