Benefitfocus Launches BenefitsPlace™ to Unify the U.S. Employee Benefits Industry
"For nearly two decades,
With defined data integration standards for each platform product, as well as preset system and configuration settings, BenefitsPlace offers a turn-key solution for carriers, brokers and employers to access a greater choice of benefits. For the consumer, BenefitsPlace delivers a rich experience, combining decision-support tools for personalized, informed and hassle-free benefits enrollment and management.
The U.S. workforce is more diverse than ever and consumers expect employers to provide non-traditional benefits in addition to core health insurance. BenefitsPlace will add tremendous value to consumers and each benefits industry stakeholder in different ways:
- Insurance carriers and specialty product suppliers have a dedicated product distribution channel through brokers and employers to more than 20 million consumers on the
Benefitfocusplatform, and easy configuration ensures quick product access.
- Brokers can access a portfolio of preferred products and provide their employer clients a modern, enriched benefits enrollment experience.
Benefitfocusprovides dedicated support services and data-driven insights to help brokers place high-quality products with their clients with less effort, and at a lower cost.
- Employers receive a total benefits offering with industry-leading health, medical, voluntary life, ancillary, financial and specialty products from flagship brands. This makes providing a variety of benefits easy while reducing the amount of time spent on benefits administration tasks. BenefitsPlace products are also packaged with educational content and videos to ensure consumers are making informed benefits decisions and securing the right coverage for themselves and their families.
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: the need to innovate and provide useful products and services; the immature and volatile nature of the market for our products and services and other factors that could impact our anticipated growth; the success of our strategic relationships with third parties; management of growth; fluctuations in our financial results; general economic risks; reliance on key personnel; our ability to compete effectively; our ability to maintain our culture and recruit and retain qualified personnel; changes in government regulations; privacy, security and other risks associated with our business; and the other risk factors set forth from time to time in our
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