Taking Advantage of Digital Insurance Platforms

<img src="https://dcr-apis.s3.us-east-2.amazonaws.com/wp_contents/uploads/DCR-ADMIN/Article_Webp/David.webp" alt="undefined" style="height: ;width: "/> Originally written by David Hodges of Vantreo Insurance Brokerage Many things have gone digital during the last few years, and employer insurance platforms are no exception. With modern digital technology, once-tedious insurance processes like enrollments, terminations and plan alterations can now be implemented electronically, resulting in a faster, more streamlined approach. If you’re an employer, make sure your insurance broker can provide you with this cutting-edge resource.  Consider the following example of how a digital platform streamlines the annual process of insurance enrollment. It begins when the broker solicits bids from the different insurance carriers. Since each employer’s employee census information is stored in the cloud (all highly encrypted and privacy-protected), the broker doesn’t need to request that information from the employer—they can simply download it and send it electronically to the carriers, who respond with their bids. The broker then presents their recommendations to the employer’s human resources director. Once everything has been approved, the broker implements it on the digital platform. At re-enrollment, the employees can log into their “member portal,” where they can peruse their various health plan options, compare rates and benefits, and choose their preferences. If an employee wants to switch to a different plan or add/delete dependents, the platform calculates the math in real time so they can see how their rates would change. Once the employee finalizes their preferences, their enrollment is processed immediately. This ability to instantly implement changes is one of the main benefits digital insurance platforms offer. In the past, when an employee needed to make a change to their plan, they’d have to fill out a paper form, send it via mail and wait for it be processed, which meant the changes were delayed for weeks. Today, any plan change can be processed with the touch of a button, which makes delays a thing of the past. Another benefit of digital platforms is they give employees 24/7 access to all information about their plans, including coverage, copays and preferred providers. That way, if they forget their insurance card or want to find a new doctor, all they have to do is log in online (or better yet, tap on their smartphone app) to get the information they need. Of course, one can’t overlook the environmental advantage of digital platforms. Since all transactions are rendered completely paperless, this advancement isn’t just convenient, it also spares a lot of trees. Just a few years ago, digital insurance platforms were only available to large corporations, but today they’re available to any company, large or small. If you’re a small employer, this sophisticated technology will make your business seem very professional, especially to new hires coming from larger companies. So, don’t be left behind—get a better experience for you and your team by insisting on a digital platform from your insurance broker.  <a href="https://www.diamondcertified.org/" target="_self">Use Diamond Certified Resource to find top rated companies</a> Local, Top Rated Diamond Certified Companies Related to Your Topic <a href="https://www.diamondcertified.org/santa-clara-insurance-health-employee-benefits/" target="_self">Santa Clara County Health & Employee Benefits Insurance Companies</a> <a href="https://www.diamondcertified.org/san-mateo-insurance-health-employee-benefits/" target="_self">San Mateo County Health & Employee Benefits Insurance Companies</a> <a href="https://www.diamondcertified.org/alameda-insurance-health-employee-benefits/" target="_self">Alameda County Health & Employee Benefits Insurance Companies</a> <a href="https://www.diamondcertified.org/insurance-health-employee-benefits/ca/monterey-county/" target="_self">Monterey County Health & Employee Benefits Insurance Companies</a> <a href="https://www.diamondcertified.org/san-francisco-insurance-health-employee-benefits/" target="_self">San Francisco Health & Employee Benefits Insurance Companies</a>  Related Articles <a href="https://www.diamondcertified.org/Guide/insurance/" target="_self">The Essential Guide to Insurance Services</a> <a href="https://www.diamondcertified.org/find-expert-advice/" target="_self">Get Expert Advice From Owners of Top Rated Local Companies</a> <a href="https://www.diamondcertified.org/membership/" target="_self">Become a Diamond Certified Preferred Member (Always Free)</a>