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Recent News
Eastbridge releases report providing reviews of key enrollment and benefit administration platform providers
Avon, Connecticut (August 4, 2020)
This Spotlight™ Report compares the services of 15 technology platform platforms to better understand their capabilities and offerings in the voluntary market. This report updates the report from 2018, including 11 of the 16 companies from that report plus four new companies.
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Our Most Recent Report
Marketplace Review of Enrollment and Benefit Administration Platform Providers
Published 2020
This report provides profiles the capabilities of 15 leading enrollment and benefit administration platform providers.
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Recently Published Articles
COVID-19 expected to impact voluntary benefits
Plot Points, June 2020
AS COVID-19 CONTINUES to have far-reaching impacts on the workforce and in turn, the employee benefits landscape, brokers are concerned about the effects it will have on voluntary benefits. Eastbridge’s recent survey of brokers found that the top concern for voluntary was a potential for reduced enrollment volume, with 71% of brokers agreeing this was of concern. Around half of brokers expressed concern that employer and/or employee interest in voluntary may be reduced, while one-third felt that COVID-19 may divert their time towards answering coverage questions on existing business.
How “well” are wellness benefits?
Plot Points, May 2020
EMPLOYERS CONTINUE TO promote wellness programs and benefits as an integral part of their overall benefits strategies to encourage employees to adopt healthy behaviors and to reduce long-term health care costs. In addition to employee wellness programs (e.g., weight loss, tobacco-cessation), wellness benefits are commonly offered with today’s voluntary supplemental health products to encourage employees to receive preventative health screenings.
The power of generational demographics
Plot Points, April 2020
GENERATIONAL demographics are shifting quickly, and your employer clients expect you to know how these changes will impact vol-untary benefit strategies. They want to know which products they should offer in order to meet the needs of their increasingly diverse workforce, and they want to offer their employees personalized enrollment communications based on age, gender or life stage. These desires require a solid awareness of generational demographics so that you can appropriately guide employers to make the most informed decisions for their unique employee populations.
Why hospital indemnity plans are a “go-to” product
Plot Points, March 2020
IN THE 2019 BenefitsPRO/Eastbridge survey, brokers said that, increasingly, their “goto” voluntary products are accident, critical illness and hospital indemnity, rather than just life and disability. But despite this finding, 72 percent of all employers do not offer a hospital indemnity/supplemental medical plan. Maybe more important, just 27 percent of employees currently own a hospital indemnity plan. That means 73 percent do not own it, but when asked about products they might like to purchase on a voluntary basis, 43 percent of those employees are interested in buying one.
Don’t get caught up in trends too soon
Plot Points, January/February 2020
THE VOLUNTARY BENEFITS market has, at times, seen certain trends that overshadow market realities. It was just a few years ago that there was still an expectation of growth in private exchanges. For a time, it was frequently forecast that such platforms would be the most common destination for benefit enrollment. While this concept may see more adoption in the future, the original forecast for growth has not yet come about. It’s important that we recognize that sometimes getting ahead of the market might have us living in “future possibility,” rather than “present reality.”
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