#United States #Waltham #SAVVI Financial #SelectSmart #Benefitfocus

Introduction

SAVVI Financial, a prominent player in data-driven workplace financial solutions, has unveiled a groundbreaking enhancement to its SelectSmart platform. This innovation introduces a survey-less experience for benefits guidance, revolutionizing how employees engage with their financial options. By removing lengthy questionnaires, SAVVI is set to improve efficiency and simplicity for users.

The New Experience Explained

Starting this fall, within the Benefitfocus platform and select partner sites, employees will benefit from an instant, personalized guidance system. Users no longer need to spend hours filling out surveys or questionnaires; instead, they simply confirm their data for tailored insights. This removes a significant barrier to accessing helpful financial information, allowing employees to make informed decisions quickly.

This survey-less approach is particularly significant, as research conducted by SAVVI revealed that a substantial portion of employees—over one-third—tend to avoid thorough consideration of benefits enrollment. Additionally, 42% of respondents shared their concerns about overspending on health insurance. By minimizing the emotional and cognitive load associated with benefits selection, SAVVI aims to empower employees to approach financial choices with confidence.

Utilizing Existing Data for Tailored Insights

SAVVI's technology leverages existing data to deliver precision guidance. Instead of relying on employees to input often incorrect information about their healthcare usage or financial realities, the platform utilizes high-fidelity data to optimize the enrollment process. This ensures a rapid and accurate representation of available benefit options tailored to the employee's specific needs.

Navigating Benefits with Ease

The SAVVI SelectSmart features instant comparisons for various plan options, coverage, costs, and alternative health solutions. Employees can view and adjust their coverage scenarios dynamically, working through possible financial impacts for various family situations. This flexibility allows users to analyze their options comprehensively and make empowered choices about coverage and spending.

Brian Harrison, President of SAVVI Financial, highlights the shift in approach:

"For too long, benefits decision tools have relied on lengthy surveys and manual inputs, creating unnecessary friction and slowing employees down at the moment they're ready to act."

Harrison emphasizes that the new system truly meets employees where they are, eliminating hurdles and empowering them to achieve their best financial outcomes without the stress of guesswork.

Major Milestone in Product Development

The introduction of this enhanced SelectSmart guidance is a pivotal moment in SAVVI’s development strategy. By integrating with NextDollar, SAVVI's budgeting tool, the platform now offers ongoing financial guidance that extends beyond just the enrollment period. Employees can manage their financial health throughout the year effortlessly, benefiting from a seamless experience that aims to boost overall engagement and satisfaction.

Key Features of SelectSmart Guidance

• - Instant Guidance: Employees receive immediate support without lengthy surveys.
• - Comparison Tools: Side-by-side comparisons engage users across multiple scenarios.
• - Customizable Options: Options include the ability to alter assumptions and consider spousal plans.
• - Unified Workflow: Users can adjust, review, and enroll in one go, creating a cohesive experience.
• - Year-Round Support: Continuous guidance is offered even for life and AD&D insurance planning.

Conclusion

SAVVI SelectSmart is tailored for the modern workforce's needs, acknowledging the urgent demand for user-friendly and efficient digital experiences. The anticipated rollout in the upcoming fall will likely garner attention as organizations strive to improve employee welfare by simplifying the benefits selection process. SAVVI Financial is committed to fostering better financial outcomes for employees by ensuring that navigating essential benefits is no longer a daunting task but a streamlined and empowering journey.

Learn More

For companies and employees looking to explore SAVVI’s innovative solutions, further details are available on the SAVVI Financial website.