Hidden Savings in Your Benefits Strategy: Tech Credits Explained

Written by: Tiffany Johnsrud, Benefits Sales Executive

Struggling to get leadership buy-in for a benefits admin system or EDI feeds? What if your dental or disability carrier could help pay for it?

Think of it like dining out. When you splurge, you're not just paying for a meal — you're investing in an experience.

Employee benefits are one of your biggest expenses. So why settle? Expect a solution that enhances the employee experience, simplifies administration, and delivers real value.

Tech credits can help you get there.

What Are Tech Credits?

Technology credits are financial incentives offered by insurance carriers to help employers cover the cost of technology that makes the day-to-day tasks of benefits enrollment, management, compliance, and administration easier.

Who Offers & Negotiates Tech Credits?

Tech credits are offered by non-medical carriers - especially those providing life, disability, dental, vision, and voluntary benefits.

Your broker plays a key role in negotiating these credits on your behalf during renewals or onboarding.

When & Where Do Tech Credits Apply?

Your broker can explore tech credit options:

• During new carrier onboarding

• At renewal time

• When bundling multiple lines of coverage

Credits may come as lump sums, monthly reimbursements, or fee offsets, depending on the carrier agreement.

Why Should You Care?

We often hear from HR and Benefits teams who know exactly what they need - like a better ben admin system or EDI feeds - but hit a wall when it comes to budget approval.

Here’s the good news: tech credits can help you get the technology you need at a fraction of the cost.

Why It Matters:

• Reduces bottom line expenses

• Enables better employee experience

• Improves operational efficiency

• Supports digital transformation without increasing premiums

FAQs

Q: Do all carriers offer tech credits? No - but many do, especially in group life, disability, and voluntary benefits.

Q: Can credits be used for any platform? No, some systems cannot accept credits from specific carriers so work with your broker closely to explore utilization.

Q: How much can employers save? Typically it’s a % of premium, savings depend on group size and other factors. $5-$50k!

Q: Do credits affect premiums or rates? No - they’re negotiated separately as part of the overall value package.

Ready to Explore Tech Credits?

If you're an HR leader, CFO, or CEO wondering how to stretch your benefits budget further - this is your moment.

Let’s talk about how to utilize tech credits in this upcoming renewal to fund the tech your team needs to enhance and optimize your employee benefit experience.

Tiffany Johnsrud TJohnsrud@cottinghambutler.com 563.451.6540