Nava Benefits – Transforming Employee Benefits Management and Empowering Businesses with Comprehensive Solutions and Cost Savings

In today's America, healthcare costs continue to skyrocket, leaving many families struggling to afford necessary medical care. Large corporations seem to have an advantage, with their resources allowing them to provide better benefits at lower costs. In a country where 18% of the GDP is swallowed by healthcare expenses, and where the cost has surged by a staggering 200% compared to wages since 2010, the need for change is undeniable. Add to that the alarming statistic that one in five Americans is burdened by medical debt in collections, and it becomes clear: the current system is broken.

But fear not, because Nava Benefits is here to level the playing field. With a cross-functional team blending expertise in benefits, technology, and change management, Nava is on a mission to make high-quality, affordable healthcare accessible to all Americans. Drawing inspiration from the playbook of the nation's largest and most respected companies, Nava brings forth a solution that empowers employers to save anywhere from 8% to 22% on their benefits, while simultaneously reducing co-pays and deductibles for their employees.

By democratizing access to cutting-edge tools, insights, and benefits knowledge previously reserved for the elite few, Nava Benefits is not just addressing the healthcare crisis — it's rewriting the rules of the game. Join us as we embark on this transformative journey towards a healthier, more equitable future for all.

Empowering Businesses with Seamless Employee Benefits Management

Navigating the intricacies of employee benefits management can often feel like traversing a maze of confusing terms, complex policies, and ever-changing regulations. For many businesses, the prospect of optimizing insurance carriers or devising strategies to navigate the healthcare system is daunting, to say the least. This is where Nava Benefits steps in. With a comprehensive suite of services specifically designed to streamline every aspect of the employee benefits lifecycle, Nava empowers businesses to navigate this challenging terrain with ease and confidence.

Why Choose Nava?

1. Lower Cost Renewals: One of the primary concerns for businesses when it comes to employee benefits is the cost. With healthcare expenses steadily rising year after year, maintaining competitive benefits packages while keeping costs in check can be a daunting task. However, Nava believes that businesses shouldn't have to compromise between offering top-notch benefits and maintaining a healthy bottom line. Through their innovative approach, businesses powered by Nava experience renewal rates that are, on average, 7.1% lower than the industry average. What's more, this cost savings is achieved without sacrificing the quality or scope of benefits coverage for employees.
2. Happier Employees: Employee satisfaction is crucial to the success of any business. After all, happy and engaged employees are more productive, more loyal, and more likely to contribute positively to the overall success of the organization. With Nava, enhancing employee satisfaction is not just a goal, but a guarantee. After transitioning to Nava, an overwhelming 94% of their members report a clearer understanding of their benefits. This increased clarity leads to greater appreciation and utilization of benefits, resulting in happier and more satisfied employees. Furthermore, with Nava's intuitive member app, benefits experts are just a click away, ready to address any questions or concerns as they arise, further enhancing the overall employee experience.
3. Augmented HR Support: For many HR teams, managing employee benefits can be a time-consuming and labor-intensive process. From coordinating open enrollments to reconciling benefit elections and ensuring compliance with ever-changing regulations, the administrative burden can quickly become overwhelming. However, with Nava, HR teams can breathe a sigh of relief. Serving as an outsourced benefits department, Nava takes on the tedious administrative tasks, freeing up valuable time for HR teams to focus on more strategic initiatives. This augmented support not only enhances operational efficiency but also allows HR teams to devote more time and resources to initiatives that directly impact employee engagement and retention.

How Nava Benefits Mid-Sized Employers

Renewal Strategy: The traditional renewal process can often be a source of frustration and anxiety for businesses. Late delivery of information, limited time for review, and a lack of alternatives can leave businesses feeling powerless and overwhelmed. However, with Nava's tech-enabled approach, the renewal process becomes a proactive and stress-free experience. Through customized playbooks tailored to each company's unique needs and goals, Nava empowers businesses to make informed decisions and maximize cost savings at renewal. What's more, their innovative solutions provide businesses with more leverage and options, expanding beyond traditional coverage to ensure that no stone is left unturned in the quest for the most competitive benefits package.

Administration: The administrative tasks associated with benefits management can often consume a significant portion of HR teams' time and resources. From reconciling benefit elections to auditing systems and carriers for errors, the administrative burden can quickly become overwhelming. However, with Nava, businesses can rest assured that their benefits administration is in capable hands. By automating tedious tasks and streamlining processes, Nava dramatically reduces the administrative burden for HR teams, allowing them to focus on more strategic initiatives. From ensuring accuracy and compliance to providing access to ERISA expertise when needed, Nava takes the guesswork out of benefits administration, providing businesses with peace of mind and confidence in their benefits program.

Member Support: Employee benefits can be confusing and overwhelming for many employees. From understanding coverage options to navigating the claims process, employees often find themselves struggling to make sense of their benefits. However, with Nava, employees gain access to a modern support system that is available year-round. Through an intuitive member experience platform, employees can access all their benefits information in one easy-to-navigate interface, complete with pre-loaded digital ID cards and direct access to benefits experts for personalized assistance. This modern support system not only enhances employee satisfaction but also saves businesses valuable time and resources by reducing the number of benefits-related inquiries and issues.

The Visionary Leader Upfront

Brandon Weber is the Co-Founder and CEO of Nava Benefits, leading the charge in modernizing the benefits brokerage industry to make healthcare more accessible and affordable for all Americans. Prior to Nava, Brandon co-founded VTS, a company that revolutionized the commercial real estate marketplace. With a passion for innovation and a love for nature, Brandon can often be found exploring the mountains or the ocean when he's not busy driving positive change in healthcare.

“With their comprehensive suite of services, unwavering commitment to client satisfaction, and innovative approach to benefits management, Nava empowers businesses of all sizes to offer high-quality benefits while maximizing cost savings and employee satisfaction.”