America is aging rapidly, as 78-million Americans will turn 65 over the next 20 years—to the tune of almost 10,000 per day. Sixty percent believe they are inadequately prepared to pay for healthcare costs after they retire, and twenty-five percent plan to delay retirement so they can continue to access their employer’s health insurance coverage, thereby reducing their own out-of-pocket spending. Most Americans are also unaware of how much wealth they must accumulate in order to address these costs, and are looking to industry professionals for answers.
HealthView Services is currently the only web-based software company that utilizes actuarial data to integrate projected healthcare costs into the retirement planning process. This revolutionary approach, which calculates out-of-pocket healthcare expenses while creating a system of income distribution, provides financial and healthcare institutions with customized solutions to address the primary concern of retirees: having enough accumulated savings to cover basic needs throughout retirement.
By using HealthView’s RetireMark computations, healthcare and financial professionals alike will be equipped to create personalized reports to guide clients into making educated choices in selecting the proper investment products and insurance coverage to address retirement expenses.
RetireMark’s technology platform is founded upon Software as a Service (SaaS), a pioneering model of web-based product delivery that is designed to be flexible, cost-efficient, and consumer friendly.
Our software is not sold as an off-the-shelf application, as it is completely customizable and branded to the institutions that license the system. Every aspect can be modified to complement an institution’s sales, marketing, and product strategies. The following list, all developed in conjunction with Milliman, a leading actuarial firm, represents the deliverables that can be produced by the software:
Actuarial Longevity Projections — Projects personalized life expectancy. Can be created with as little as 10-questions.
Actuarial Medical Expense Projections — Calculates out-of-pocket medical expenses based on an individual’s health record. Generated reports can then be used in both the healthcare and financial services industries.
Income Distribution Analysis — Determines the percentage of an individual’s current savings that needs to be dedicated to the Income Floor.
Interactive Illustration System — Allows financial advisors and consumers to construct hypothetical “what if” scenarios to analyze potential economic risk factors and maximum risk-adjusted return for Income Floor.
Customer Reporting System — Generate, in just a few minutes, a comprehensive but easy-to-understand report that is designed to allow the consumer to make educated investment decisions.
Income Floor Calculator — Provides investors with the ability to conceptualize the amount of money needed to contribute to conservative asset classes in order to guarantee that they meet their minimum income obligations during retirement.
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