Rising health insurance costs and pandemic fatigue have coupled together to create unique challenges for higher education institutions—particularly in relation to employee benefits. Benefit teams are tasked with building robust benefit packages that protect employees’...
Ask an MHM Expert: Ian Liphart, Data Analyst MyHealthMath (MHM) has unique reporting capabilities for employers, which reveal specific opportunities for them to enhance their benefit packages. We dive into how...
Ask an MHM Expert: Implementation Specialist Becca Lovett, licensed and certified Speech Language Pathologist Health benefit professionals often engage in sensitive conversations with employees about their personal medical needs and concerns. These conversations...
Between 2000 and 2020, the percent of employees covered by self-funded plans increased from 49 to 64 percent. This reflects an enormous shift in employers moving to self-funded plans—where the employer takes on the cost of some or most benefit claims. Employers are...
Along with helping employees choose their benefits, decision support can reveal unique opportunities to enhance benefit packages. In today’s competitive job market, these insights can make all the difference for employers looking to stand out from their...
Benefit decision support helps HR teams simplify one of the most overwhelming parts of the new hire process: choosing a health plan. Decision support helps employees get the coverage they need, saves them money on rising healthcare costs, and reduces the stress that...
Decision support helps employees choose the right benefits for their specific needs. But it’s only valuable if people use it and trust the guidance. If your open enrollment is behind you, it’s time to pause, consider how things went, and look for opportunities to...
As of 2019, over half of employers offered tools to help employees choose a health plan. Two years and a global pandemic later, decision support tools have only become more effective with new data-driven and personalized technologies. As we move into 2022, their...
Hint: It’s not all about the prospective savings Choosing between different health plan options is too hard. There are so many different pieces to consider—premiums and deductible, copays and coinsurance, HSAs and FSAs, the list goes on. It’s no wonder then that most...