Financial Institutions

Increased Disposable Income = Increased Retirement Savings

HealthyCapital gives financial institutions the ability to effortlessly assist plan participants in saving more for their in-retirement healthcare.  Through actuarial and claims-based calculations, the platform gives plan participants the opportunity to view personalized healthcare-cost projections; show how these costs can be reduced through wellness programs; and illustrate how investing the (cost-reduction) savings can generate substantial retirement income. This approach gives individuals the ability to create long-term financial security, live more comfortably, and reduce the burden of future healthcare costs.

Here’s a simple example: an average employee (with a chronic condition) who saves $3,000 per year in out-of-pocket costs can dedicate an extra $38 per pay period – or $1000 per year – into his/her 401(k).  This is more than a 30% increase in the average annual contribution.

Plan participants can access the application directly from their investment desktop, which makes it easy and practical to monitor progress toward long-term financial goals.  In another version of the application, financial advisors (as part of an advisory service) can also prepare clients for pre- and in-retirement healthcare costs through the utilization of simple, easy-to-understand, and customized data projections.

Financial Institutions

Data and Approach

HealthyCapital’s physician- and actuary-reviewed approach draws upon 70 million medical cases; government and economic data; HealthView Services’ decade of experience in healthcare cost projections, and Mercy’s extensive experience in population health management to provide accurate healthcare cost information for specific chronic conditions. With a few simple individual and family health inputs, the platform projects longevity, medical expenses, and the potential savings that can be gained through adherence to behavior modifications.

Financial Institutions
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