Benefitfocus Launches Best Practice Resources for HR and Benefits Professionals to Help Improve Plan Design & Open Enrollment

Trends in employer benefits plan design and communication tactics available in new microsite and power pack just in time for open enrollment planning

Charleston, S.C. – August 23, 2016 – Benefitfocus (NASDAQ: BNFT), a leading provider of cloud-based benefits management software, today announced the release of its Open Enrollment Power Pack and State of Employee Benefits microsite. These industry resources provide HR and benefits professionals the tools and data they need to help improve benefits plan design and increase employee engagement. Through access to communication templates and industry data, HR leaders will gain a better understanding of what benefits employees are adopting and, once plan design is in place, how to communicate it for optimum participation.

“Open enrollment is perhaps the single largest initiative our customers must plan for and execute each year, and at Benefitfocus, our priority is to make this process as efficient and successful as possible for them,” said Benefitfocus CEO Shawn Jenkins. “By providing year-round access to benchmark data on employer plan design and proven tools to improve team performance, HR and benefits professionals can make more informed benefits decisions and communicate them in a way that will resonate with each employee they serve.”

The State of Employee Benefits microsite is an interactive resource that provides visibility into employer plan design trends from over 2,900 employers. It hosts all three 2016 State of Employee Benefits reports, which examine employer plan design and plan selection insights from 500 large employers, 2,400 mid-size employers and specific industry verticals. The site will be updated with new trends, insights and serve as a benchmark against which employers can measure their benefits management program to help them attract and retain top talent.

The Open Enrollment Power Pack consists of three pieces to help HR teams better prepare for and execute open enrollment, including:

  • Employee Open Enrollment Kickoff Kit –poster, flier and postcard templates to help market benefits to employees
  • Sample Open Enrollment Communications Plan – a week-by-week timeline for OE-related communications to employees, including messaging tips and suggestions
  • Communicating the Value of Benefits white paper – A deep dive into how to close the communication gap and arm your employees with the information they need to make the best benefit decisions. Learn how to deliver the right benefits message at the right time with this white paper!

In addition the company will host a webinar 5 Steps to a Successful Open Enrollment with tips for a more efficient open enrollment leveraging Benefitfocus’ technology and resources.

“We LOVE the OE Success Kit. It saves us time and adds value to our open enrollment efforts,” said Patty Downs, Senior Director, Compensation & Benefits for Hard Rock International.

These tools, built as a result of data collected at the One Place Local events and feedback from Benefitfocus’ customer success associates, are filled with useful tips and best practices for open enrollment excellence. To improve your plan design and employee engagement, visit OE Power Pack.

About Benefitfocus

Benefitfocus (NASDAQ: BNFT) provides a leading cloud-based benefits management platform that simplifies how organizations and individuals shop for, enroll in, manage and exchange benefits. Every day leading employers, insurance companies and the consumers they serve rely on our platform to manage, scale and exchange benefits data seamlessly. In an increasingly complex benefits landscape, we bring order to chaos so our clients and their employees have access to better information, make better decisions and lead better lives. 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 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; changes in government regulations; the immature and volatile nature of the market for our products and services and other factors that could impact our anticipated growth; management of growth; fluctuations in our financial results; general economic risks; reliance on key personnel; our ability to compete effectively; our ability to maintain our culture and recruit and retain qualified personnel; 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.cfm 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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