As the American lifespan hits a 20-year low, health issues and costs continue to outpace benefits budgets. It’s clear that employers and employees are faced with an unsustainable system, but these two benefit companies aren’t giving up.
Benefits brokerage Nava Benefits acquired Nielsen Benefits Group, a benefits consulting firm, in an effort to bring an alternative brokerage model to more midsize employers, lower the cost of healthcare and increase employee engagement in the right benefits. Nava prides itself in its complete fee transparency, even making all fees paid to Nava by an employer contingent on the employer’s satisfaction. By joining powers with Nielsen, Nava can expand its client base and expertise with a company that shares a similar vision, says Brandon Weber, co-founder and CEO of Nava.
