Today’s benefits landscape is in a state of constant evolution thanks to the Affordable Care Act (ACA), the rise of health care consumerism and generational shifts in the workforce. It’s a time of unprecedented change that requires a shift from the traditional task-focused administration of ERP systems to an insight-driven benefits management strategy that enables personalized employee communication and smarter planning. BENEFITFOCUS® Marketplace is an enterprise benefits management platform that provides employers with the scale and the flexibility to support today’s fast-moving regulatory demands, organizational goals and the personalization employees have come to expect.
And as the industry evolves, so does our platform. Here are a few of the latest advancements we’ve made to help you turn your benefits investment into a strategic advantage.
In a time of rising health care costs and an increasingly competitive job market, employee communication and engagement are paramount. BENEFITFOCUS® Marketplace is adding new enhancements in 2016 that provide administrators with a toolset to automate time-consuming tasks, so they can focus on what’s important—giving employees the information to choose the benefits that best fit their individual needs.
The convenience and personalization that mobile devices provide consumers is now available for enrolling in benefits with the all-new Benefitfocus Marketplace consumer role—now available through the BENEFITFOCUS® App.
Employees can enjoy the same simple, personalized enrollment experience of Benefitfocus Marketplace on their smartphone or tablet through the Benefitfocus App or a mobile web browser. The fully responsive mobile experience adds modern simplicity without sacrificing the rich decision support content and convenient access employees have come to expect.
Request a demo to see how the mobile-optimized Benefitfocus Marketplace can help you give your employees a benefits experience that fits their on-the-go lifestyle.
Mobile enrollment will be rolled out to all Benefitfocus Marketplace customers starting with the 2016 Autumn Software Release.
Built into the benefits administrator role of the Benefitfocus Marketplace, the redesigned content manager provides a single tool for administrators to manage all of their employee communication efforts during open enrollment and throughout the year. By leveraging the information that’s already on the platform, the content manager enables administrators to design a truly personalized experience to engage employees with relevant content that helps them gain a better understanding of the value of their benefits.
Request a demo to see how the all-new Benefitfocus Marketplace content manager can help provide your employees with more meaningful benefits information without draining administrative resources.
The content manager is a multi-year investment to enhance the benefits administrator role within the Benefitfocus Marketplace. Enhancements will be made available as part of an Early Adopter Program in the 2016 Winter Software Release.
On top of managing the complexities of enrollment and regulatory demands, benefits administrators are now expected to contribute more to the core business strategy. Benefitfocus continues to expand its portfolio of products and services to help employers achieve a greater return on their benefits investment. These products and services simplify compliance and provide employers the insight to align their benefits strategy with organizational goals while addressing the diverse needs of their workforce.
Benefitfocus Marketplace guides employers through a simple workflow to fulfill ACA reporting requirements. The new BENEFITFOCUS® ACA Management and Reporting solution enables administrators to manage and organize data needed to create and deliver Form 1094-C and Form 1095-C to the IRS and their employees. Built-in rules and validations help administrators ensure forms are completed with the right information and in the required format for IRS reporting transmission.
ACA Management and Reporting solution is now generally available to all Benefitfocus Marketplace customers. Contact email@example.com to learn more.
When employees take a leave of absence, manually collecting benefits payments can be a time-consuming and error-prone process. BENEFITFOCUS® Direct Billing provides a solution that automates administrative billing processes and offers employees a convenient online payment option during leaves of absence, so employers receive payments on time and employees remain covered during the times they depend on their benefits the most.
Request a demo today to learn how Benefitfocus can help you simplify administration and reduce your risk of costly errors.
Direct Billing will be generally available to Benefitfocus Marketplace customers starting with the 2016 Autumn Software Release.
Featuring integrated medical and pharmacy claims and member demographic data, BENEFITFOCUS® Core Analytics provides benefits professionals with on-demand metrics they need to strategically manage their employee health plans. Through a highly consumable data dashboard, users can easily monitor key plan performance indicators to help identify cost drivers and evaluate more effective benefits strategies.
With powerful new filtering and reporting options that allow for flexible date ranges and analysis of specific data segments, benefits professionals gain even greater understanding into precisely how employees are using their health plans, enabling more proactive planning and management.
Request a demo to learn how Core Analytics can help you drive smarter decision making.
The enhanced reporting and multi-level filtering will be rolled out to all customers using Core Analytics with the 2016 Autumn Software Release.
BENEFITFOCUS® University is rolling out a Certified Benefits Administrator online training program exclusively designed to help our customers successfully use our software to its fullest potential. The online training program will provide benefits administrators with on-demand video tutorials that give step-by-step instructions on how to leverage the full Benefitfocus Marketplace toolset. As part of the certification, benefits administrators will receive a digital badge to showcase their knowledge and enhance their résumé on LinkedIn, Twitter and Facebook.
Current Benefitfocus Marketplace customers can enroll today through One Place 365.
Benefitfocus continues to expand the BENEFITFOCUS® Ecosystem, extending employers’ ability to customize and complement their Benefitfocus Marketplace with a wide selection of products and services from industry leaders. Benefitfocus Ecosystem solutions interface with the Benefitfocus Marketplace to streamline data flows, helping to ensure a seamless experience for employees and administrators.
The newest additions to the Benefitfocus Ecosystem include:
Limeade improves employee well-being while energizing workplace cultures. Employees earn points and rewards for taking steps to improve well-being, while employers see engagement and move the needle on their business goals.
Members receive personalized recommendations based on their biometrics and dietary needs. These recommendations are tied to convenient, real-time actions that enable healthy eating at home and at work, including healthy recipes, meal planning tools and discounts and incentives to healthy groceries.
SimpleFi financially empowers employees to overcome their challenges. Employees can maximize their retirement contributions, pay off debt, and afford medical costs through highly accessible and affordable credit tailored to emergency personal needs, combined with one-on-one financial coaching for long-term financial success and behavior change.
DRB is dedicated to helping professionally employed graduates refinance or consolidate their high rate student loans to a lower interest rate. DRB customers have saved $20,000+ over the life of their loan on average after refinancing. Borrowers in all 50 states.