Mercer Marsh Benefits has launched a global digital platform that will allow employers to manage the costs associated with their benefits programmes and address rising healthcare plan costs in the process.
BenefitMAP uses a combination of data, analytics and technology to help organisations identify savings tailored to their specific needs. Companies can project their plan costs with greater certainty by incorporating trends such as historical experience and medical inflation, as well as Mercer Marsh Benefit’s proprietary ageing factor. BenefitMAP incorporates specific market conditions, regulatory factors, price-driving local variables and claims benchmarking data covering all geographies for a global view of a client’s programme.
“We are now in a position to better quantify the value and return on employer-sponsored employee benefit plans that clients expect,” said Andrew Perry, MD of Mercer Marsh Benefits. “In an industry that is rapidly evolving, BenefitMAP gives employers real-time understanding of their benefits budgeting options and puts their capital to optimal use.”
A video on BenefitMAP is available here.