Financial Institution Solutions

Create Accurate, Personalized Projections of Lifetime Healthcare and Long-term Care Expenses

Who this solution is for:

Financial Advisors | Broker-Dealers | Financial Planning Software | Advisory Platforms | Investor Websites

Benefits

  • Available as hosted solution for advisors or via API data calls to power financial planning software and web solutions for advisors/investors.
  • Industry’s most accurate healthcare expense predictions, leveraging big data and machine learning technologies.
  • Personalized healthcare expense projections based on each client’s health condition and zip code.
  • Projections include both pre- and post-Medicare medical expenses, and long-term care expenses.
  • Quickly determine financial goals for funding (present value of future expenses at retirement).
  • Evaluate and optimize supplemental Medicare options.
  • Library of video content to educate financial advisors.

“How can you act as a fiduciary if you don’t know your client’s largest expenses in retirement?”

Wealth Management Capabilities

Generate Accurate & Personalized Projections

DZee’s patent-pending analytics engines analyzes the massive “All Payers” healthcare claims databases and more than 1,000 health plan coverage variables. It then applies machine learning methods against the data to understand how medical spending is likely to vary based on an individual’s geographic location and their health condition, including how their health conditions are likely to progress over time. The result is highly accurate long-term predictions of medical and long-term care expenses, which can be presented in aggregate and disaggregated form (eg, premiums and out-of-pocket expenses by year). This personalized, “bottoms-up” approach is superior to traditional actuarial methods that use “top-down” methods.

Improve Financial Planning, Drive More Savings & Frame Product Solutions

The predictive data can be used to frame savings goals. For instance, a client’s retirement medical expenses might total $325,000, but have a present value of $185,000 at retirement, which can be framed as a goal to fund by retirement, perhaps by saving more and using Health Savings Accounts. Similarly, long-term care expenses can be framed as a separate savings goal by retirement, or can frame the need for a hybrid long-term care / life insurance product.

Optimize Medicare Elections

Compare total lifetime premiums and out-of-pocket expenses based on different Medicare elections, such as Part D, Part C and Part F, and choose the Medicare elections that are likely to yield the lowest lifetime costs, given the individual’s health condition.

Hosted Solutions

A co-branded solution is available for advisor use that quickly generates a personalized analysis for clients, as a PDF report.

API Solutions

Build your own solution for advisors or consumers. Pass basic NPI data to DZee and receive annual expenses, decomposed by type and year. Use the data to power financial planning applications for advisors or simple tools for wealth management client websites.

Learn More, Read our White Paper: A New Frontier for Financial Advisors

Start a 14-Day FREE Trial!

OPTION 1:

12 Monthly Payments of $66.67, automatically deducted from your credit card starting on the 15th day of your free trial.

OPTION 2:

One payment of $680 per year, a 15% savings, automatically deducted from your credit card starting on the 15th day of your free trial.