CHARLESTON, S.C., June 10, 2019 /PRNewswire/ -- Benefitfocus,
Inc. (NASDAQ: BNFT), a leading cloud-based benefits management
platform and services provider, today announced their June 2019 Software Release with new advancements
to their BenefitsPlace™ Platform. The release delivers tools and
functionality to educate consumers, improve the mobile experience
and simplify the process of consumers' benefits decisions. Since
launching consumer surveys through the Autumn 2018 Release last
September, more than half a million consumer responses have helped
Benefitfocus shape the platform and mobile consumer experience to
make benefits enrollment and management easier and more
intuitive.
The June 2019 Software Release
also includes enhancements to the Platform's world-class data
capabilities, helping to streamline the implementation or renewal
experience. By utilizing technology to further automate processes,
improving data to drive better decisions and solutions and
continuing to invest in configuration options Benefitfocus is
strengthening the platform value to all stakeholders across the
benefits ecosystem and improving productivity. Key features include
streamlined billing and payment capabilities for carriers and
improved analytics capabilities that provide data-driven insights
for brokers and employers, helping them better understand and serve
their populations.
Notable consumer experience enhancements include:
- Smart Moments – new moments powered by Benefitfocus
BenefitSAIGE™ have been added to the Smart Moments library to
connect consumers to their benefit options in the moments that
matter 52 weeks a year. Smart Message content is being
automatically loaded for key BenefitsPlace products for easy
employer enablement.
- Benefits At A Glance – a redesigned Benefits Snapshot on
the enrollment homepage offer consumers a complete picture of all
benefits they are enrolled in. It also features tools that allow
consumers to edit or shop for new benefits all 52 weeks of the
year.
- HSA Default Contribution Recommendation Option –
As high-deductible health plans increase in popularity, more
consumers struggle to fund out-of-pocket medical expenses. This new
functionality identifies the potential gap in financial
contributions and encourages consumers to fund their Health Savings
Accounts with an amount equal to their in-network deductibles.
- Mobile App Enhancements – building on the all-new mobile
experience launched in March 2019 at
the Benefitfocus One Place conference, new tools allow consumers to
access and interact with the app with greater ease through
personalized push notifications and the ability to upload their
benefits ID cards.
"Based on extensive benefits ecosystem feedback, our June
release reflects a focus and promise to create the best possible
consumer experience, delivering insights that educate consumers
about the benefits choices that have potential to improve their
lives," said Benefitfocus Chief Technology Officer Jim Restivo. "In addition, we continue to blaze
new trails with our innovative world-class data capabilities
through digital and automated features that demonstrate our
commitment to a secure and accurate data experience, enabling our
employer, broker and medical carrier audiences, especially, to make
more informed decisions."
To further support employers in achieving open enrollment (OE)
success, Benefitfocus offers a free OE Success Kit. The kit
provides tools, resources and best practice guides across all areas
of OE. Since its inception, the OE Success Kit has focused
primarily on open enrollment communication. Now in its fourth year,
the focus has expanded to year-round success with tools and
resources for all stages of OE from planning to communication,
execution and more. Download the free kit here.
About Benefitfocus
Benefitfocus (NASDAQ: BNFT) unifies
the entire U.S. benefits industry on a single technology platform
to protect consumers' health, wealth, property and lifestyle. Our
powerful cloud-based software, data-driven insights and
thoughtfully-designed services, enable employers, insurance brokers
and carriers to simplify the complexity of benefits administration
and deliver 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; management of growth; our
ability to compete effectively; our ability to maintain our culture
and recruit and retain qualified personnel; the immature and
volatile nature of the market for our products and services; risks
related to changing healthcare and other applicable regulations;
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.