Powered by Jellyvision, decision support
leverages predictive analytics to help employees make better
decisions when enrolling in benefits plans
CARMEL,
Ind., July 18, 2023 /PRNewswire/
-- Optavise, a one-stop-shop for employee benefits programs
combining products, technology, and expert guidance, announced
today that it is further helping employees to make informed
benefits enrollment decisions by enhancing its decision support
capabilities within its benefits administration platform.
Watch the video to learn more.
Through a partnership with Jellyvision, the Optavise benefits
administration platform is expanding its decision support to
include the following plan types: dental, vision, dependent care
flexible spending accounts (FSA), accident, hospital indemnity,
critical illness, and employee-paid short-term disability (STD)
benefits. This is in addition to its current decision support
offering for medical and health savings accounts (HSA).
"Today's workforce has increasingly diverse needs, allowing
employers the exciting, yet challenging task of meeting their
various needs through channels that work best for them," said
Michael Byers, president, Worksite
Division at CNO Financial Group. "If employees prefer a self-serve
benefits enrollment option, it's important they are provided with
the resources to make informed selections, so that they feel they
are able to take ownership of their plans and receive
hyper-personalized benefits."
Selecting benefits can often be a confusing and stressful time
for employees. According to an Optavise survey of 1,055 U.S.
employees with employer-sponsored health plans, more than 60% said
they were too confused by the benefits selection process and/or the
choices available to them to make a change. Offering decision
support allows employees, especially those who are not meeting
one-on-one with a benefits educator, to make more informed choices
on the benefits that will be most effective for their individual
situations.
Jellyvision's benefits engagement platform, ALEX, helps people
select the best benefit plan and get the most out of their employer
benefits. ALEX's recommendation engine combines data, predictive
analytics, and economic models to power the expanded decision
support. This seamless integration into Optavise's platform means
that employees do not have to leave the platform to receive
hyper-personalized benefits decision support and provides
transparency into their health choices. It also offers employees a
more holistic view that goes beyond medical benefits to also
include voluntary benefits. It all takes into consideration risk
tolerance, financial circumstances, and individual lifestyles.
"At Jellyvision, our mission is to make complicated ideas simple
and help people feel confident about making very complex, yet
important financial decisions," said Eric
Pumiglia, chief revenue officer of Jellyvision.
"Organizations like Optavise are providing unmatched support to
employers and their employees. And we're thrilled to join forces
with them to continue to make the process of benefits selection
easier and more intuitive."
Optavise's enhanced decision support solution is available now.
To learn more about Optavise's employer solutions, visit
www.optavise.com/employer-solutions.
About Optavise
Optavise provides personalized employee
benefits solutions to help employers and their employees optimize
their benefits and make better health and financial decisions.
Optavise offers a unique combination of innovative technology,
flexible voluntary benefits, and experts who educate and
communicate with employees about their benefits. A part of the CNO
Financial Group (NYSE: CNO) family of brands, Optavise operates
through direct sales to employers and a nationwide network of more
than 10,000 broker partners and over 600 dedicated agents. We serve
nearly 20,000 businesses and employers. For more information, visit
Optavise.com.
About CNO Financial Group
CNO Financial Group, Inc.
(NYSE: CNO) secures the future of middle-income America. CNO
provides life and health insurance, annuities, financial services,
and workforce benefits solutions through our family of brands,
including Bankers Life, Colonial Penn, Optavise and Washington
National. Our customers work hard to save for the future, and we
help protect their health, income and retirement needs with 3.2
million policies and $34 billion in total assets. Our
3,400 associates, 4,300 exclusive agents and 4,000 independent
partner agents guide individuals, families and businesses through a
lifetime of financial decisions. For more information,
visit CNOinc.com.
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SOURCE CNO Financial Group