Chubb Workplace Benefits Announces New Service to Address Rising Employer Medical Costs
The Benefit Resource Genie service can help save employers up to 10% of their employee health care spend. The service does so by helping employees identify optimal health plan coverage to minimize out-of-pocket costs. Coverage options may include those that are not employer-sponsored such as ACA plans, Medicare, Medicaid, and Veteran Affairs (VA) benefits and may better suit the employee's unique needs. Benefit Resource Genie is delivered via a three-phased approach: Resource Impact Analysis: Provides the employer with an overview of the service's potential financial impact for the business using employee census data. Household Study: Specialists speak with employees to better understand their individual and/or family health and financial circumstances. Member Support and Alignment: With the information compiled during the Household Study, specialists educate employees on the best options for healthcare coverage. That may include plans outside those offered by the employer. Benefit Resource Genie was developed, and is provided, by risk management firm Benefits All In, LLC (BAI). In a recent case study of a 1,200-employee residential care organization, more than one-third of the staff was alerted to alternative health care coverage options to best fit their individual needs. The results saved the employer nearly $500,000 in a six-month period.