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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About Benefitfocus
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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SOURCE Benefitfocus, Inc.