Monday, December 21, 2020

Retirement Advisors: Why Healthcare Should Be A Part of Your Practice

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"You can't invest for the future in the future...You have to do it now."

According to Innovu Managing Director Francesca Messano, the convergence of retirement and healthcare is here, and it's time for retirement advisors to pay attention. Messano recently published an article in RPA Convergence, a leading online retirement planning publication, about the opportunities found at the junction of healthcare and retirement savings planning. Learn more about how to transform your RPA practice by merging healthcare and retirement savings.

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While historically analytics was concentrated in descriptive analytics, recently and currently the focus is on predictive and prescriptive analytics. Do not be fooled by a vendor or carrier that claims they perform data analytics.

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A Look at the Health Conditions Driving Employer Healthcare Costs

You’re always seeking ways to keep your healthcare costs in check. One of the best ways is to understand what’s driving your costs. The International Foundation of Employee Benefits Plans (IFEBP) asked 500 employers to name the top 3 conditions driving costs (see table below).

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How Do Your Healthcare Costs and Utilization Rates Compare?

Per person spending for medical and pharmacy services reached $5,641 in 2017 for those with employer-sponsored healthcare, the highest it has ever been according to the 2017 Heath Care Cost and Utilization Report.

Learn more about how Innovu can help you.

Your clients expect you to control benefit costs and improve the health of their employees. Do both more efficiently & effectively.
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