Editor’s Note: As the leader in HCM technology consulting services, HRchitect is a founding System Integration (SI) Partner with Benefitfocus, serves on their SI Advisory Committee, and has been involved in more implementations than any other partner. Our Benefitfocus experience includes Project Management, Implementation, Portal Development and Ongoing Support, Process Analysis/Redesign, Training, Integration, and Change Management.
New products help employers reduce friction, lower cost, and increase employee engagement
Charleston, S.C. – May 30, 2019 – Benefitfocus, Inc., a leading cloud-based benefits management platform and services provider, today announced its newest BenefitsPlace™ insurance carrier partnership with MassMutual, a leading provider of voluntary benefits. Employers using the BenefitsPlace platform will now have the ability to elect to offer MassMutual’s Universal Life and Whole Life insurance products, along with the company’s innovative financial wellness tool, MapMyFinances.
MassMutual joins other top insurance carrier brands and voluntary benefits product suppliers on the industry’s largest benefits platform. Employers and their trusted advisors rely on Benefitfocus to simplify the business of benefits and seamlessly deliver the largest offering of best-in-class benefits products to protect employees and their familes. The BenefitsPlace platform offers a range of health, wealth, lifestyle and property insurance benefits for consumers’ personal wellbeing and protection for each stage of life.
“MassMutual is a valuable addition to our platform because its goal – helping consumers make the best possible benefits choices for themselves and their families – truly embodies our vision of delivering the right benefits to consumers in the moments that matter,” said Ray August, President & CEO of Benefitfocus. “Our focus on growing the industry’s best benefits platform goes beyond scale to ensure we’re improving lives. As the industry prepares for the 2020 open enrollment season, our BenefitsPlace platform will help employees and their families choose the right benefits products for themselves from the best-known brands, like MassMutual, and have the security of knowing their needs are well-protected.”
“Our recent research found that 48 percent of middle-income Americans worry about their household’s financial situation at least once a week, while 23 percent worry every day,” said Jon Shuman, Head of Worksite Sales & Distribution, MassMutual. “Those numbers indicate widespread financial stress, so it’s no wonder financial wellness benefits are in great demand among employees. The good news for employers is that offering a greater variety of voluntary benefits can help, as 58 percent of employees say they feel more financially secure because of benefits offered through their jobs. We’re proud to join the BenefitsPlace platform, and hope our products and services will help boost employees’ financial confidence.”
To learn more about HRchitect and how we can help your organization with your Human Capital Management (HCM) technology needs, please request a consultation. As the leader in HCM Systems strategic consulting, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation and selection, change management, implementation, project management, client-side implementation assistance, and ongoing support of HCM systems of all types including Talent Acquisition, Talent Management, Learning Management, Workforce Management, Time & Attendance, Benefits, Core HR/Payroll, and more. Over the past two decades, working with over a thousand clients of all sizes and industries across the globe, our knowledge of best practices continues to expand and our experience is vast and unsurpassed. We have expertise around all major HCM systems including Benefitfocus, Ceridian, IBM Kenexa, Kronos, Oracle, Saba, SAP, SuccessFactors, Taleo, Ultimate Software, WorkForce Software, and more. HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.