Our Value To..

How does Noodle Create Value for Employees?

It is difficult to think of a potential purchase or investment today for which consumers cannot comparison shop. But comparison shopping for health insurance is difficult and rare. Consumers are left to their own devices to somehow make a decision that involves analyzing a large number of policy attributes such as coverages, deductible levels, maximum out-of-pocket expenses, costs of co-pay for doctor office visits, costs of co-pay for prescriptions, etc.

Noodle helps families make more confident health insurance decisions with its patent-pending breakthrough analysis combining those attributes into two understandable measures of a policy: the total cost of the insurance and the risk with the insurance. The total cost is not just the policy premium, but the policy premium plus the costs that are not covered by the policy. The risk with a health insurance policy is the likelihood that, even with the policy, the health care costs are so high that the family is forced to change its lifestyle. Noodle provides families with a side-by-side comparison of expected total cost and risk for each of several alternative health plans.

The advantages to the employee's family are these:

• Often employees find that they can Reduce the Total Cost and Risk to Their Families by selecting a different plan, resulting in cost savings of several hundred to several thousand dollars.
• As a part of the enrollment material, Each Employee Receives the Side-by-Side Comparison of Total Cost and Risk for All Plans offered by the employer, based on the limited information provided to Noodle about employees’ families by the employer.
• Employers Are Able to Improve Significantly Employee Perception of the quality of their health benefits and be viewed as an innovator in its concern about health care for its employees.
• An Employee Can Further Personalize Or Correct Family Information by logging on to Noodle’s website, where the following information may be entered:
  
  - Age and sex of all family members,
  - A description of the health condition of each family member
  - Family income and tax filing status
  - The most the family could afford to pay for health care in one year without a change in lifestyle, and
  - Desired Health Spending Account deposit.