Trustmark Expands Distribution of Voluntary Insurance Products Through Benefitfocus HR InTouch Leading voluntary benefits provider joins the Benefitfocus Ecosystem
CHARLESTON, S.C., Aug. 27, 2013 /PRNewswire/ -- Benefitfocus, a leading provider of cloud-based benefits software, and Trustmark Voluntary Benefit Solutions today announced the launch of the Trustmark App on BENEFITFOCUS HR INTOUCH®. From increasing benefits participation and simplifying enrollment to improving employee communication and education, HR InTouch is a cloud-based benefits solution that is designed to bring a new level of simplicity and convenience to managing comprehensive benefits programs. On top of the core enrollment, communication and benefits management functionalities of HR InTouch, the integration of the Trustmark App allows employers to offer voluntary benefit products to supplement core medical coverage from a single online portal.
By opening up the BENEFITFOCUS® Platform to allow for the development of third party apps, Benefitfocus has created an ecosystem where health and benefits-related data can be seamlessly transferred between multiple environments in real-time. Trustmark brings a century of experience in the voluntary benefits market to the Benefitfocus Ecosystem with the introduction of the Trustmark App.
Multiple plans for life insurance with a long-term care option, critical illness, disability and accident are available for employees to select in order to meet additional insurance needs they may have. Employees can explore the various voluntary benefits from Trustmark using the decision support tools available within HR InTouch to evaluate and identify the options that are most applicable to their lifestyle. This new distribution vehicle for Trustmark eliminates the extra steps that can sometimes deter employees from participating in voluntary benefit programs.
"We view our partnership with Benefitfocus as an important approach to expanding our outreach in the benefits market," said Steve Boudreau, Vice President, New Business Operations at Trustmark. "Positioning our products on an advanced technology platform should help us to effectively communicate the value we offer in the marketplace. Trustmark has a strong commitment to delivering customer service, and Benefitfocus helps us deliver a solution that is aligned with one of our goals as a voluntary benefits provider: to promote communication and education so consumers can make informed benefit decisions."
"With a company mission to help individuals increase their well-being through better health and greater financial security, Trustmark's values are objectives that we fully support," said Shawn Jenkins, President and CEO of Benefitfocus. "We design solutions that bring more personalization to benefits and empower employees to make better healthcare decisions. Partnering with Trustmark reflects our continual focus on changing the way our clients manage benefits."
About Trustmark Voluntary Benefit Solutions
Trustmark is a mutual company with a century of experience in voluntary benefits. It provides the resources that employers and employees need to make knowledgeable decisions to enhance their benefit plans and provide vital financial protection. Trustmark is rated A- (Excellent) by A.M. Best, with $1.8 billion in assets and more than 2 million covered lives. Trustmark Voluntary Benefit Solutions is a division of Trustmark Companies, celebrating its centennial year in 2013. Visit www.trustmarksolutions.com.
Benefitfocus is a leading provider of cloud-based benefits software solutions for consumers, employers, insurance carriers and brokers. Benefitfocus has served more than 20 million consumers on its platform, that consists of an integrated portfolio of products and services enabling clients to more efficiently shop, enroll, manage and exchange benefits information. With a user-friendly interface and consumer-centric design, the Benefitfocus Platform provides one place for consumers to access all their benefits. Benefitfocus solutions support the administration of all types of benefits including core medical, dental and other voluntary benefits plans as well as wellness programs. For more information, visit www.benefitfocus.com.
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: risks regarding whether we can complete our offering, and regarding its pricing; the lack of a public market for our stock and potential volatility; risks associated with our business; and the other risk factors set forth from time to time in our Form S-1 and other SEC filings, copies of which are available free of charge on our website at www.benefitfocus.com or upon request from our public relations department. Benefitfocus assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
FOR IMMEDIATE RELEASE