Dzee Solutions Introduces Healthcare Expense Analytics to Envestnet’s Financial Planning Capabilities

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Financial Advisors Using Envestnet's Advanced Logix Planning Software Can Create Personalized Predictions of Their Client's Lifetime Medical Expenses

It’s hard to imagine how a financial advisor can meet their fiduciary obligations without planning for retirement medical expenses with the most accurate data possible.

DZee Solutions, Inc., a technology company offering decisions support systems for optimizing healthcare financing decisions, today announced the deployment of their technology through Envestnet’s leading systems for wealth management and financial wellness. Financial advisors using the Advanced Logix tool on the Envestnet platform will be able to see lifetime predictions of their client’s medical and long term care expenses, which are personalized to the client's health and location. The lifetime expenses can be framed in the context of a broader retirement plan as a specific goal that needs funding.

"We’re thrilled that Envestnet is offering this critical capability to advisors within their Advanced Logix financial planning tool", notes David McClellan, a business advisor to DZee Solutions notes. "Retirement medical expenses are one of the most significant costs faced by retirees, so naturally funding these expenses are one of the biggest risks in a retirement plan, and one of the biggest worries of retirees. Yet few advisors have the ability to present their clients with personalized predictions of their retirement medical expenses. In a fiduciary world, it’s hard to imagine how an advisor can meet their fiduciary obligations without planning for this risk with the most accurate data possible.”

“At Envestnet, we aim to make planning for retirement easier for advisors and their clients, and part of that is providing access to data services that help advisors answer tough questions,” said Tom Handza, VP, Product Director of Financial Planning at Envestnet. “Medical expenses in retirement are a big unknown for most clients. Bringing clarity to one of the largest expenses retirees must face helps them plan better for retirement and make more confident and informed investing decisions.”

Bipin Agarwal, DZee’s founding CEO, adds, “We believe we have the most advanced technology in the industry for projecting personalized medical spending. We are delighted to partner with Envestnet to fulfill our vision of helping consumers understand, plan and manage their healthcare expenses.”

About DZee Solutions, Inc.
DZee Solutions is a technology company specializing in data analytics and decisions support systems for optimizing healthcare financing decisions. In the employer benefit market, DZee is applying its patented technology to help employers and benefits platform providers design optimal benefits packages, while enabling employees to decide which plan is likely to minimize their total out of pocket expenses. In the wealth management market, DZee is enabling financial advisors and consumers to create personalized predictions of lifetime medical expenses in order to improve retirement planning and saving.

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David McClellan

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