ALEX always guides employees to the lowest-cost health plan for them—but sometimes an unexpected big bill can be difficult to cover. Starting this summer, ALEX will take an employee’s individual cash flow and savings into consideration when making a medical plan recommendation.
With this feature, ALEX will show users the savings they would need to cover potentially hefty out-of-pocket expenses, and ensure their choices are a good fit for their financial situation. Here’s how it works:
- Employees answer the usual questions on demographics and health care usage
- If an HDHP will be their lowest cost option, ALEX asks one more question about their financial situation to ensure they can cover a big medical bill
- Employees get a better understanding of the tradeoff between lower premiums and higher out-of-pocket costs
Want to learn more?
Chat with your Jellyvision rep or book a demo.