Bavvy by Milliman - 3x3x3 Challenge with David Hoxworth
Bavvy provides an unparalleled ICHRA experience: rather than canned approaches generated by an algorithm, Bavvy's solutions are nuanced and customized for each client, powered by Milliman's actuaries.
Transcript:
What is Bavvy by Milliman?
Bavvy is the industry-leading end-to-end ICHRA administration solution from Milliman. And Milliman, as many of you will know, is the gold standard for actuarial consulting in the insurance industry. Brokers partner with Bavvy to bring an unparalleled level of customer experience to their employer group clients. Bavvy's ICHRA administration solution includes everything that's needed from ICHRA analysis, consulting, and quoting, to implementation support, to seamless payment connections, one of the best ICHRA-enrollment platforms out there and one-on-one enrollment assistance.
How is Bavvy by Milliman different?
Bavvy is different in many ways, but I'll focus on two of the big ones. First, pretty much every other ICHRA solution out there comes to the market as a software-as-a-service technology play. There's nothing wrong with that, but Bavvy is just better. We have great tech too, and we'll go toe-to-toe with anyone else's tech, but Bavvy is all about providing industry-leading expertise and service from our people to yours. We are the broker-friendly ICHRA administrator. And second, Bavvy is also completely unique in the ICHRA administrator space in one big way. For employer groups with 50 or greater enrolled employees, Milliman's actuaries put together a nuanced, granular, and customized ICHRA feasibility analysis along with proposed ICHRA plan structures. And they also consult the broker and sometimes the employer as well through that to ensure the ICHRA fits optimally. Why is that a big deal? Because one of the main reasons ICHRAs are advantageous is their ability to class out a company's employees in various ways in order to optimize the plan, both in terms of overall cost and employee satisfaction. ICHRA-trained actuaries are the very best in the business at performing this, and that's what Bavvy by Milliman provides. Frankly, no one else does this the way Milliman does it. Other ICHRA administrators usually miss on the optimization, very likely leaving your employer client with an inferior ICHRA plan.
Who is a good fit for Bavvy by Milliman?
Bavvy is a good fit for employee benefit advisors who want the best possible ICHRA experience for their clients and for themselves as well and expect excellent technology but who more importantly value a higher level of expertise and service delivered with a personal touch and are looking for a great long-term partner to support their ICHRA business.
Transcript:
What is Bavvy by Milliman?
Bavvy is the industry-leading end-to-end ICHRA administration solution from Milliman. And Milliman, as many of you will know, is the gold standard for actuarial consulting in the insurance industry. Brokers partner with Bavvy to bring an unparalleled level of customer experience to their employer group clients. Bavvy's ICHRA administration solution includes everything that's needed from ICHRA analysis, consulting, and quoting, to implementation support, to seamless payment connections, one of the best ICHRA-enrollment platforms out there and one-on-one enrollment assistance.
How is Bavvy by Milliman different?
Bavvy is different in many ways, but I'll focus on two of the big ones. First, pretty much every other ICHRA solution out there comes to the market as a software-as-a-service technology play. There's nothing wrong with that, but Bavvy is just better. We have great tech too, and we'll go toe-to-toe with anyone else's tech, but Bavvy is all about providing industry-leading expertise and service from our people to yours. We are the broker-friendly ICHRA administrator. And second, Bavvy is also completely unique in the ICHRA administrator space in one big way. For employer groups with 50 or greater enrolled employees, Milliman's actuaries put together a nuanced, granular, and customized ICHRA feasibility analysis along with proposed ICHRA plan structures. And they also consult the broker and sometimes the employer as well through that to ensure the ICHRA fits optimally. Why is that a big deal? Because one of the main reasons ICHRAs are advantageous is their ability to class out a company's employees in various ways in order to optimize the plan, both in terms of overall cost and employee satisfaction. ICHRA-trained actuaries are the very best in the business at performing this, and that's what Bavvy by Milliman provides. Frankly, no one else does this the way Milliman does it. Other ICHRA administrators usually miss on the optimization, very likely leaving your employer client with an inferior ICHRA plan.
Who is a good fit for Bavvy by Milliman?
Bavvy is a good fit for employee benefit advisors who want the best possible ICHRA experience for their clients and for themselves as well and expect excellent technology but who more importantly value a higher level of expertise and service delivered with a personal touch and are looking for a great long-term partner to support their ICHRA business.