Benefitfocus
Benefitfocus is a cloud-based benefits management software that helps employers manage, enroll, and engage employees with benefits. It streamlines benefits enrollment, consolidates HR and benefits in one platform, and provides data insights.
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Benefitfocus: Cloud-Based Benefits Management Software
Benefitfocus is a cloud-based benefits management software that helps employers manage, enroll, and engage employees with benefits. It streamlines benefits enrollment, consolidates HR and benefits in one platform, and provides data insights.
What is Benefitfocus?
Benefitfocus is a leading cloud-based benefits management platform that simplifies how organizations and people transact benefits. The Benefitfocus Platform has a multi-tenant architecture and has a user-friendly interface designed for employees to access all of their benefits in one place.
The Benefitfocus Solutions enable employers and insurance carriers to manage, scale and exchange data seamlessly. Employers use the Benefitfocus Platform to access data-driven insights that help them manage costs, keep up with regulatory changes, and offer a competitive benefits package that meets the needs of their employees.
Key capabilities and benefits include:
- Benefits enrollment, eligibility and life event management
- ACA compliance and reporting tools
- Carrier membership and billing management
- Benefits communication, education and decision support
- Analytics on benefits trends, utilization and engagement
Over the years, Benefitfocus has served customers across employer, carrier, and broker markets. Some of its major customers include Designer Brands, Jack in the Box, Linden Care, and more. It integrates with leading HCM platforms like SAP SuccessFactors, Workday, and leading insurance carriers.
Benefitfocus Features
Features
- Cloud-based benefits management platform
- Benefits enrollment and administration
- HRIS and payroll integrations
- Employee self-service portal
- Benefits shopping and decision support
- Carrier connections for enrollment data exchange
- Analytics and reporting
Pricing
- Subscription-Based
Pros
Streamlines benefits enrollment process
Consolidates HR, payroll, benefits in one system
Configurable to support complex benefit plans
Mobile access for employees
Data analytics and insights
Cons
Can be complex and require training
Implementation takes time and resources
Must link to insurance carriers for full functionality
Limited global/international capabilities
Official Links
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