Platform offers essential benefit
alternatives for people in a time of transition
Charleston, S.C. – April 22, 2020 – Benefitfocus,
Inc. (NASDAQ: BNFT), a technology platform provider enabling rapid
innovation for employers, health plans and consumers, has activated the next
phase of its recently announced “For You” initiative to support employees of
customers who have lost their job in these challenging economic conditions.
Today the company launched www.benefitplace.com,
a new website that makes accessible a variety of affordable individual and
family health plans for employees who have been offered COBRA by their
employers and are seeking lower-cost alternatives, as well as a variety of
other products and services to support the well-being of displaced workers
through this time of crisis and beyond.
“Connecting America’s workforce to the products and services that improve
their health and financial well-being is at the core of what we do, and this is
more relevant today than perhaps any time in the past 50 years,” said Ray
August, president and CEO of Benefitfocus. “We are in a period of severe
economic crisis and many workers fear for their continued health and other
benefits coverage. With the launch of benefitplace.com, we’re here for our
customers’ employees and their families to continue access to affordable and
quality options.”
Now, with BENEFITFOCUS BENEFITPLACE™, as employers are faced with a cycle of
workforce transition, affected employees have ready access to high-quality,
cost-effective benefits. Within Benefitplace, workers who have been displaced
and need options will be able to access:
· Health Plans: Flexible
options for employees to purchase short- or long-term health plans for
individuals and families in addition to ACA exchange policies or COBRA offered
by their former employer
· Supplemental benefits: A
comprehensive catalog of discounted benefit related products and services,
such as dental, vision and accident coverage
· Year-round access: As
affected employees transition into new job opportunities, or as family needs
change, Benefitplace offers a range of options for them to make changes and
select new benefits that will meet their life needs
· Employment
Resources: Access to temporary or freelance employment
opportunities with Benefitplace partners and customers
· For Life: Ability
to maintain individual plans regardless of employment status, and stay
connected to their prior employer for possible re-engagement when the
business climate improves.
The launch of Benefitplace.com furthers the company’s mission to connect
people with the benefits that improves their lives. As employers deal with this
period of crisis, Benefitfocus offers tools and support to enable future
return-to-work initiatives. To learn more, the business community is invited to
join the ongoing series
of webinars to discuss employee well-being, the
national relief effort, business continuity strategies and HR best
practices to inform employers’ pandemic response.
Connect with Benefitfocus
Access www.benefitplace.com
View webinar
series
Like Benefitfocus on
Facebook
Follow @Benefitfocus on
Twitter
Follow Benefitfocus on
LinkedIn
Follow Benefitfocus on
Instagram
About
Benefitfocus
Benefitfocus
(NASDAQ: BNFT) unifies the entire U.S. benefits industry on a single technology
platform to protect consumers for life. Our powerful cloud-based
software, data-driven insights and thoughtfully-designed services enable
employers, insurance brokers, health plans and suppliers to simplify the
complexity of benefits administration and deliver health, wealth, property
and lifestyle products through a world-class benefits experience. Learn
more at www.benefitfocus.com, LinkedIn and Twitter.
Except
for historical information, all of the statements, expectations, and
assumptions contained in this press release are forward-looking statements.
Actual results or performance 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; privacy; security and other risks associated with
our business; the immature and volatile nature of the market for our products
and services; risks related to changing healthcare and other applicable
regulations; our ability to compete effectively; management of growth; our
ability to maintain our culture and recruit and retain qualified
personnel; 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.