CHARLESTON, S.C., Aug. 26, 2021 /PRNewswire/ -- Benefitfocus,
Inc. (NASDAQ: BNFT), an industry-leading benefits technology
platform that simplifies benefits administration for employers,
health plans and brokers, has added a full suite of
benefits offerings from American Public Life Insurance Company
(APL), a leading provider of voluntary worksite benefits, to the
growing range of products and services on its Benefit Catalog.
APL's supplemental health benefits, portable term life insurance
and short-term disability insurance products are now available on
the Benefitfocus Benefit Catalog. The Benefit Catalog is available
to employers who use Benefitfocus solutions to enroll and
administer benefits for their employees.
Through the addition of APL's differentiated Everyday Solutions
offering, employers are provided with a way to simplify their
supplemental health benefit offerings from three products to one
and at a single rate, regardless of the option selected. Employees
are able to choose from three different focus plans that align more
directly to their current individual needs. They are:
accident-focused, critical illness-focused or hospital-focused.
"We have made a major commitment to deliver the technology,
services and insights that solve our customers' biggest challenges.
One of the biggest challenges they face is the growing need to
ensure employees achieve their desired health and financial
wellbeing outcomes — and one of the key ways to do that is enabling
access to a strong portfolio of voluntary benefits," said
Matt Levin, Benefitfocus president
& CEO. "By adding industry leader American Public Life to
Benefit Catalog, we continue to enhance our already-robust
portfolio and increase the value of the employee enrollment and
engagement experience."
"For 76 years, APL has been dedicated to providing
solution-based insurance products to our customers," said
Jerry Horton, APL president &
CEO. "We're excited to partner with Benefitfocus and to have our
insurance products as part of Benefit Catalog."
The full list of APL offerings to be added to Benefit Catalog
are: Accident, Critical Illness, Hospital Indemnity, Cancer,
Everyday Solutions, MEDlink® Gap, Portable Term Life and Short Term
Disability insurance products.
Benefit Catalog
Benefitfocus' Benefit Catalog provides
employers, brokers and health plans the ability to offer
customers more than 50 market-leading specialty benefits products
from more than 35 leading brands. This product catalog
provides an optimized employee enrollment experience that educates
and brings all categories of voluntary benefits together in one
place. Find out more about Benefit Catalog here.
Connect with Benefitfocus
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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, Facebook, Instagram
and Twitter.
About American Public Life Insurance Company (APL)
Founded in 1945, American Public Life Insurance Company (APL) is
expanding the benefits horizon as a leading provider of worksite
benefits, with offices in Jackson,
MS and Oklahoma City, OK.
APL is licensed to conduct business in 49 states with sales through
independent brokers. APL has a financial rating of "A+ (Superior)"
through A.M. Best (www.ambest.com). For more information, please
visit www.ampublic.com.
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: our ability to maintain our culture and
recruit, integrate and retain qualified personnel, including on our
board of directors; our ability to compete effectively; the
need to innovate and provide useful products and services; risks
related to changing healthcare and other applicable regulations;
the immature and volatile nature of the market for our products and
services; privacy; security and other risks associated with our
business; management of growth; 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; 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.