Expert, Unbiased Advice Drives Better Employee Benefits Decisions.
While You Reap the Cost Savings.
Most employees don't have the knowledge, time, or inclination to make best use of their benefits, especially in complex areas like high deductible health plans. And that means you aren’t reaping the most from your company's efforts in introducing, supporting, and expanding such benefits.
But the effect of financial confusion or ignorance goes even deeper. According to the Personal Finance Employee Education Foundation, "..Research is beginning to link financial education and counseling to improved employee health, work performance, and attendance." (read more) It's no longer something employers can ignore.
Unbiased advice from specially trained Myfinancialadvice experts can help. MFA provides a turnkey advisory service your company can trust and afford. And as a third-party service provider, Myfinancialadvice distances you from liability.
Myfinancialadvice services deliver:
But the effect of financial confusion or ignorance goes even deeper. According to the Personal Finance Employee Education Foundation, "..Research is beginning to link financial education and counseling to improved employee health, work performance, and attendance." (read more) It's no longer something employers can ignore.
Unbiased advice from specially trained Myfinancialadvice experts can help. MFA provides a turnkey advisory service your company can trust and afford. And as a third-party service provider, Myfinancialadvice distances you from liability.
Myfinancialadvice services deliver:
- Top quality personal financial advice. Myfinancialadvice is the world’s first online advisory service that provides affordable, one-on-one LIVE financial advice from pre-screened and objective professional advisors.
- Ease of use. Participants connect directly to advisors of their choice by phone and e-mail and receive personal and objective advice – directly through the Myfinancialadvice.com Web site.
- Affordability. Myfinancialadvice gives ALL participants – regardless of net worth or income level – access to the specific financial advice they need – when they need it – from professional advisors for a pre-defined flat-fee. The per-employee cost for covering an entire workforce is far less than most group benefits, and can be tailored to your specific requirements.
- Unbiased expertise. Each advisor has passed extensive third-party background checks, adhere to strict requirements for professional experience, licensing and regulatory compliance, and honor Myfinancialadvice’s Ethical Code and service agreement. Every advisor is a Certified Financial Planner™ practitioner and a Registered Investment Advisor. Their advice is objective and unbiased, as they are prohibited from selling financial products or managing assets to generate fees.
- Regulatory compliance. Myfinancialadvice is a Registered Investment Advisor. All activities on the site adhere to the highest standards of professional conduct, consumer advocacy and state and federal regulatory compliance.
- Ease of implementation and administration. A turnkey service, Myfinancialadvice is implemented through any corporate intranet or Web site. Special promotional brochures and other materials are available from Myfinancialadvice to encourage plan participation. All you do is communicate with your employees about the service – we do the rest.
"MyFinancialAdvice is a unique tool that will greatly enhance HSA adoption. The personal, customized advice available from a financial planner will provide many people the objective help they need to determine whether an HSA is best for them."
- Roy Ramthun, President, HSA Consulting Services, LLC, a health care consulting practice specializing in Health Savings Accounts and consumer-driven health care issues.
Advice in Action.
MyHSAadvice has delivered significant impact on employee beneifts usage and satisfaction.
More informed, confident employee decision-making
More informed, confident employee decision-making
- Improved HDHP/HSA understanding by 33%
- Increased decision-making “confidence” by 46%**
- 75% felt advisor played “important role” in decision
- New HDHP/HSA enrollment grew 36% as result of advice
- 89% of Non-adopters likely to consider HDHP/HSA in future
- 58% say advice was important to setting up contributions
- 25% say advice influenced higher contributions
- 50% funded at maximum
- Produced over $1000 savings per employee