CHARLESTON, S.C., Oct. 28, 2021 /PRNewswire/ -- Today Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announced the addition of COVID-19 vaccination tracking features to the Benefitplace platform. Available now, the optional and customizable features aim to help employers refine their return-to-work policies and navigate government mandates by enabling employers to track employees' vaccination status and implement measures to help boost employee vaccination rates.
"This year's open enrollment period comes on the heels of changes in COVID-19 policies and employers need the agility and flexibility to support employees while implementing changes," said Matt Levin, president and CEO of Benefitfocus. "At Benefitfocus, we understand the growing importance of being able to track employees' vaccination status and implement measures to help boost employee vaccination rates. To assist, we have created several options on our platform to support employers."
Employers on the Benefitplace platform will have access to several new capabilities:
- Vaccine status tracking with the option to require documented proof of vaccination
- Surcharge calculations and payroll deductions based on vaccination status. This optional feature can be customized to apply to all employees or just those enrolled in employer-sponsored medical plans.
- Claims analytics to better understand the impact of COVID-19 on healthcare spend over time. Armed with these insights, benefit leaders can understand risks among specific employee populations and better plan for changes to return-to-work and safety policies.
Benefitfocus customers interested in implementing the vaccine tracking and surcharge feature should contact their customer service manager to discuss the options they would like to implement. Click here to find more information and responses to frequently asked questions.
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Benefitfocus (NASDAQ: BNFT) unifies the entire benefits industry through innovative technology solutions that bring efficiency, cost savings and simplicity to employee benefits administration. Our powerful cloud-based software, data-driven insights and thoughtfully designed services help employers, insurance brokers, health plans and suppliers address the complexity of benefits enrollment and engagement, while bringing easier access to health, wealth and lifestyle products through a world-class benefits experience. Our mission is simple: to improve lives with benefits. Learn more at www.benefitfocus.com, LinkedIn and Twitter.
DISCLAIMER REGARDING FORWARD LOOKING STATEMENTS
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: volatility and uncertainty in the global economy and financial markets in light of the evolving COVID-19 pandemic and uncertainties arising from the recent U.S. elections; our continuing losses and need to achieve GAAP profitability; fluctuations in our financial results; our ability to maintain our culture, retain and motivate qualified personnel; the immature and volatile market for our products and services; risks related to changing healthcare and other applicable regulations; risks associated with acquisitions; cyber-security risks; the need to innovate and provide useful products and services; our ability to compete effectively; privacy, security and other risks associated with our business; and the other risk factors set forth from time to time in our SEC filings, copies of which are available free of charge within the Investor Relations section of the Benefitfocus website at http://investor.benefitfocus.com/sec-filings or upon request from our Investor Relations Department. Benefitfocus assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
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