Employee Benefits

The HSA Plan Comparison Tool enables employees to quickly and easily select the most cost-effective health plan for their needs. The tool shields employees from having to manually manage the complex set of data required for this comparison, including premiums, co-payments, deductibles and medical costs.Employees are presented with a more “complete and accurate” comparison than simplistic, back-of-the-envelope decision making.

Employer Benefits

The HSA Plan Comparison Tool benefits employers by providing their employees with an objective, non-biased analysis that incents them to switch, in many cases, to an HSA health plan. These higher deductible plans reduce employers’ healthcare premium costs. In addition, the tool improves employee satisfaction by providing them with an intuitive tool that reduces their costs and improves their overall healthcare approach.

HSA Provider Benefits

The HSA Plan Comparison Tool benefits HSA providers by increasing their penetration of HSA accounts, boosting their overall revenues. The tool also provides HSA providers with a competitive differentiation versus their competitors. Finally, the tool improves customer satisfaction and retention for both their direct customers (employers), and their downstream customers (employees).

User Operation

Employees are provided with access to a graphical, interactive web-based tool through their employer’s or provider’s website. The employees use a set of intuitive input mechanisms (both sliders and boxes) to estimate their projected health usage rates for the upcoming year across a variety of categories, including office visits, hospital visits, surgical procedures and drug prescriptions. The tool applies these projections to a set of employer and/or provider-defined medical costs and health plan parameters to estimate and compare the annual costs for both traditional and HSA health plans. The tool clearly shows employees how much they can save by switching to the lower cost plan (in most cases the HSA plan). The tool also allows employees to override some of the provider-defined medical costs to tailor them to their specific situation, providing a more accurate cost estimate.

Technology Platform Benefits

• Universal Platform Support
  Offers universal compatibility across both desktop and mobile devices, with no requirement for graphic plug-ins.

• Responsive Design
  Reformats their user interface to optimize their display across desktop windows, tablets and smart phones.

• Intuitive Graphical User Interfaces
  Supports a variety of user input mechanisms and display formats.

• Customizable for Provider and Employer Plan Details
  Customized to incorporate provider- and employer-specific plan details, including co-pays, deductibles, prescription and service costs, etc.

• Customizable for Employer Brand Standards
  Customized for an organization’s branding and graphical standards, creating a seamless integration.

• Advanced Calculation Engine & Interactive “What If”Analysis
  Enables users to perform interactive “what-if” analyses, helping them reach the best possible decision for their specific needs.

Success Story

HMO Plan COmparison Tool

VisualCalc has developed a custom calculator and customer service tool that helps consumers evaluate and select the optimal health plan for their specific needs. This tool, called the Health Plan Comparison Tool, is a customizable web-based tool for health care providers that enables their customers to easily compare different health care plans. This comparison can be performed across plans offered by a single health care provider, or across plans offered by a variety of different providers.