PlanSource Powers Tremendous Growth of Digital Benefits Marketplace, Digital Benefit Advisors’ Private Health Exchange

ORLANDO, Fla., Oct. 29, 2014 /PRNewswire/ -- PlanSource, a cloud-based provider of benefits administration, exchange, payroll, and HRIS solutions to employers, today announced it is powering Digital Benefit Advisors' (DBA) private health exchange, Digital Benefits Marketplace.

DBA introduced Digital Benefits Marketplace last Fall to help businesses address the rising costs of health benefits. Digital Benefits Marketplace enables employers to fix costs through defined contributions and offers more choices for their employees. Employees can choose their own benefits based on their personal needs.

Digital Benefits Marketplace began its national rollout last October, starting in North Carolina, Virginia, Georgia, Tennessee, Florida and California. Marketplace has received an overwhelmingly positive response from participating employers and employees for its variety of options and ease of use.

"We're always seeking to work with forward-looking and tech-savvy companies like DBA," said Phil Carollo, EVP of Sales, PlanSource. "The growth of their Digital Benefits Marketplace in the healthcare exchange market validates both Digital's overall strategy in finding another way to expand its customer base and add value in the market, and the power and scalability of the PlanSource OneMarket platform."

"While looking for a technology platform for the Digital Benefits Marketplace, we chose PlanSource because of the strength of their technology, but also the ease of setup and the adaptability of the system," said Mike Sullivan, Executive Vice President and Chief Marketing Officer, Digital Insurance, Digital Benefits Advisors. "The PlanSource system was simply more advanced and better fit our needs."

The PlanSource platform is a healthcare and benefits exchange platform designed to support defined contribution retail benefits marketplaces. PlanSource offers a state-of-the-art technology solution designed to provide a full suite of contemporary features and functionality to support a comprehensive benefits marketplace.

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 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.

SOURCE PlanSource