Consumer Update
The healthcare system is complex and difficult for consumers to navigate. So when a person chooses a healthcare plan, there’s a good chance they’re not picking the plan that’s best suited for them.
That’s where Picwell comes in.
Picwell, created by academics and industry experts, offers products to help people get the benefits for their needs.
What’s done primarily, is to help people choose health insurance plans. In doing this, Picwell collects information about people and use that to match people to the right health insurance benefit.
The primary benefit to using Picwell is that you’re going to make a better decision. They’ve been around for a few years now and have seen people using Picwell and see what happens to them in the following years and how they save money.
This all goes back to the primary benefit of getting matched to the right health insurance plan and save money in the process. Picwell sees that people who use their platform save an average of $1,000 if they select plans that Picwell thinks are good matches.
With Picwell, when they get people matched with the right plans, everyone’s spending less on health insurance and also that helps with cost growth. That’s a big driver of cost for employers, but the primary beneficiary is going to be the consumer having more money left in their pocket.
Just looking at cost alone isn’t enough, and it ignores the whole reason we get health insurance and wanting to be protected. With this, you really have to bring in that element of risk and evaluate it properly and that’s where Picwell’s background really comes into play.
Picwell is very good at thinking about that trade-off between cost and risk and knowing how much people really should be paying to buy extra risk protection. And if you ignore that, then you’re ignoring a really important part of health insurance, but there are other things that people care about as well, such as, “Can I continue seeing my doctor?” and “How much money could I save if I switched doctors?” Those are the things that Picwell considers and what’s really important to people who are picking a health insurance plan.
If you’d like to learn more about Picwell, head to Picwell.com today.
