The Role of Technology in Streamlining Small Group Benefits

Jeremy McLendon

Agents, Healthcare, Online Enrolling, Technology

November 1, 2023

In today's fast-paced world, technology has become an integral part of our daily lives, revolutionizing the way we work, communicate, and even manage our lives. It is no surprise that technology has also played a pivotal role in streamlining health insurance. MyHealthily is shedding light on technology’s positive impact on this critical aspect of employee well-being, especially for small groups.

Gone are the days of sifting through stacks of paperwork and manual calculations. Thanks to the digital transformation made by all-in-one platforms like that created by MyHealthily. This simple-to-use platform makes small-group benefits more efficient, cost-effective, and employer friendly. Here is a closer look at how technology has shaped this transformation for brokers and agents:

REAL-TIME QUOTING

A platform linked to over 170 carriers when paired with a simple census can provide complete quotes in 15 seconds. This replaces an antiquated system of emails and faxes between individual carriers and waiting days and weeks for accurate quoting.

PERSONALIZED PROPOSALS

The ability to generate personalized and specifically branded proposals with a simple click of the mouse assists in bringing a well-rounded approach to the service of clients through integrated technology.

ONLINE ENROLLMENT

Traditional paper-based enrollment processes were not only time-consuming but also prone to errors. Today, online enrollment platforms make it easy for employees to select, modify, and update their benefit choices. This results in reduced paperwork and increased accuracy for brokers and agents.

SIMPLIFIED RENEWALS

The ability to cut the time spent by brokers and agents on the renewal process is quickly cut in half through streamlined processes and the advancement of technology in quoting software such as MyHealthily.

EMPLOYEE SELF-SERVICE PORTALS

Technology has empowered employees with self-service portals where they can access benefit information, view plan details, and make changes as needed. This level of autonomy fosters a sense of ownership over their healthcare choices.

The role of technology in streamlining small group benefits cannot be overstated. It has brought about a remarkable transformation, making the process more efficient, accurate, and employer friendly. As technology continues to evolve, we can expect even more innovations that will further improve the way we manage and access our healthcare benefits. At MyHealthily, we are committed to staying at the forefront of these advancements, ensuring that your processes and procedures as an agent or broker are seamlessly integrated with the latest technology.