There’s finally a technology that makes client satisfaction easy and saves time for health insurance brokers. Nexben’s side-by-side quoting feature allows for brokers to compare health insurance carriers and their small group health insurance plans efficiently—providing brokers up to a 75% time savings when generating multi-carrier quotes and proposals. This side-by-side comparison simplifies a normally tedious and often time-consuming process, empowers clients to make an educated decision on plans, and gives employees the best possible benefits package available. The Nexben platform also provides the functionality to effortlessly compare small group health insurance plans to our ICHRA-solution plans.
Small group health insurance quoting with Nexben’s side-by-side comparison feature
Our side-by-side comparison feature allows for you to quote as many health insurance plans as you’d like for your client. The client’s current and renewal health plan along with any number of alternative carriers’ plans can be part of the comparison, which provides a more robust picture of the potential cost-savings or differences in coverage.
As part of the functionality, you can narrow down the selection for example by carrier, plan level, and by plan type. You can also mimic employee participation by uploading employees’ basic demographic information. You can also include additional plan options, including HSAs, dental, vision, life and disability income insurance.
Once the health insurance plans are chosen, you can enter the defined contribution amount or percentage of premium contribution amount by the employer and calculate costs in real-time. The comparison feature is able to gauge costs to both the employer and the employee, as well as calculate monthly and annual totals. There’s also a calculation of cost-savings within the report, both by defined contribution and percentage, an easy feature that shows the client you’re suggesting the most competitive benefit packages available.
There is also an option to email the proposal from directly within the Nexben platform, taking away the hassle of attachments and downloads and replacing it with a live link to a proposal. After you’ve created the proposal, you can email the generated report as a PDF containing up to six plans compared on each page, so it’s simple for both you and the client to view them side-by-side, without being overwhelmed by numbers and details.
Your client can adjust the contribution amounts, comparing various strategies between the plan options. From there your clients can finalize the benefit plan selection and roll right into enrollment, all within the Nexben platform.
Effortlessly compare small group health insurance plans to our ICHRA plans
Using the same platform, brokers are able to see if their clients may benefit from switching to an ICHRA plan. Our ICHRA-solution could be a great option for clients experiencing rising premium cost, have a transient workforce, or are a new business just starting out. (See a case study on cost-savings here.) Comparing the traditional small group health insurance plans to Nexben’s ICHRA plan can help determine whether or not the latter is a smart and cost-effective option for employers and their employees. Additionally, employees are able to compare all available health insurance plans side-by-side within the ICHRA marketplace if, and when, they choose their individual health insurance coverage. The ability to compare costs, search for providers, and see a breakdown of each option empowers employees to make the best possible decision for themselves and their families.
