Technology advancement enables multi-carrier marketplace; seamless experience for members and consumers; The Hartford first to sign on
Charleston, S.C. – February 28, 2017 – Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits management software, today announced its Certified Carrier Program. The program opens an additional sales channel for insurance carriers to offer life, disability and other benefits products to employers with more than 50 employees on BENEFITFOCUS® Platform. The Hartford, a leading group disability and voluntary insurance provider, is the first carrier to sign on to the program.
Through the cloud-based Benefitfocus Platform and the recently announced ACORD Member Enrollment Standard (formerly Benefitfocus iMax®), consumers will now have the ability to compare health insurance along with other employee benefits offerings, providing greater choice within an efficient multi-benefit marketplace.
“Consumers demand the same online experiences in health care insurance and benefits that they’ve come to expect from popular online retailers,” said Benefitfocus CEO Shawn Jenkins. “We’re pleased to welcome The Hartford and our long-standing health insurance partners to help us deliver a seamless, simplified experience for all involved.”
By automating on the Benefitfocus Platform, certified carrier partners can now distribute products across a very large book of business, while participating in an enhanced consumer experience. Employers on the Benefitfocus Platform will have access to The Hartford’s Employee Choice BenefitsSM suite of voluntary products including life, short- and long-term disability, accident, critical illness, accidental death & dismemberment insurance and hospital indemnity.
“The Benefitfocus Platform offers employers and consumers a tailored suite of products as they seek to protect their health and financial well-being,” said Mike Fish, head of Group Benefits product and strategy at The Hartford, “As we continually invest in voluntary capabilities, we are pleased to be the first Certified Carrier Partner in the new program and are confident that this partnership will help us expand our reach and grow our business”.
Carriers interested in the Certified Carrier Program can contact their Benefitfocus account executive.
###
To learn more about HRchitect and how we can help your organization and 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 and ongoing support of HCM systems of all types including Talent Acquisition, Talent Management, Learning Management, Workforce Management, Benefits, Core HR/Payroll, and more. Over the past two decades, working on thousands of successful engagements for 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, WorkForce Software, Ultimate Software, Oracle, Taleo, SAP, SuccessFactors, Saba, IBM Kenexa, and more. HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.
Press releases posted on HCM Tech Vendor News are provided to HRchitect by the technology vendors and posted by HRchitect as a service to our readers.