PlanSource Ushers in New Era of Open Enrollment with Launch of the PlanSource OneMarket Exchange

ORLANDO, Fla., Oct. 21, 2014 /PRNewswire/ -- PlanSource, a cloud-based provider of benefits administration, exchange, payroll, and HRIS solutions to employers, today announced the expansion of its PlanSource OneMarket Exchange, a complete exchange solution designed to revolutionize the healthcare marketplace.

The PlanSource OneMarket Exchange provides one source for brokers, employers and carriers to take part in the exchange type of their choice, ranging from a white-label exchange for those who want to build their own branded marketplace to a national proprietary exchange. Both options come with a robust lineup of existing partners, products and plan choices, and our powerful Admin Portal and management platform.

The PlanSource OneMarket online marketplace helps employers give employees more choices of benefits plans, simplifies the enrollment process and helps control healthcare spending by delivering a self-service platform and advanced decision support to educate employees on their options.

PlanSource launched its PlanSource OneMarket Exchange as it released the results of its Open Enrollment Survey, which revealed that 7 out of 10 (70 percent) American employees whose employers provide benefits say that the traditional, paper-driven open enrollment process would be better if it moved to an online exchange.

"We launched PlanSource OneMarket to use the best technology to improve the employee benefits experience," said Dayne Williams, CEO of PlanSource. "PlanSource OneMarket is a proven, reliable platform with a highly scalable service model that focuses on the needs of brokers, employers, insurance carriers and especially for employees. It's a complete, powerful exchange that is ahead of the curve on healthcare reform and benefits exchanges and delivers more choice with a retail-oriented solution that helps take the pain out of open enrollment."

PlanSource OneMarket provides the following key benefits:

• Carriers – PlanSource OneMarket makes it easy for carriers to create their own marketplace or take part in an exchange that lets them offer plan options that can enhance and extend their reach to consumers.
• Brokers – PlanSource OneMarket offers a warehouse of existing products and plans for easy and quick setup and implementation and the choice to craft a marketplace with carriers and benefits that are perfectly tailored to their clients' needs or to join a national Proprietary Exchange with preconfigured plans and options.
• Employers – Employers get a total benefits package that includes ease of administration and a great employee experience – all in a complete and integrated solution on a reliable platform. PlanSource OneMarket offers defined contribution capability to help control costs, and it uses technology to save employers time and money – with ACA compliance assistance, automated tasks, full reporting and analytics, consolidated bill presentment and payroll administration.
• Employees – PlanSource OneMarket empowers employees with self-service and promotes consumerism through an online enrollment that's intuitive and easy, all with advanced decision support that includes a plan recommendation engine to help match the best available plan to their specific preferences and needs.

PlanSource's experience in creating multiple insurance exchanges – including multi-carrier, private carrier, broker-sponsored and public state exchanges – makes the company uniquely positioned to deliver a leading-edge healthcare marketplace that enables rapid deployment and turnkey implementation.

About PlanSource
PlanSource is a cloud-based, on-demand software provider that revolutionizes the way healthcare and employee benefits are bought, sold and managed with a comprehensive array of integrated services including private exchange/marketplace, benefits administration, decision support, payroll, and HRIS technology. PlanSource technology solutions are delivered through strategic insurance carriers, brokers and exchanges who partner with PlanSource in order to increase their retention rates, revenue, and the overall value they bring to their customers. For information, visit http://www.plansource.com.

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SOURCE PlanSource

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