Benefitfocus Modernizes and Streamlines Benefits Enrollment, Proving Smart Choice for Educators
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Benefits remain a powerful opportunity for educational institutions to attract talent while also providing greater benefits choices for both tenured and retired teaching professionals, in addition to administrative staff. According to the Benefitfocus State of Employee Benefits 2016 report, educational institutions on the Benefitfocus Platform are keeping premium portions low for their employees who've predominantly selected PPO plans—this despite the rise of PPO deductibles that nearly qualify them as a high deductible health plan (HDHP) based on
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Education is key when it comes to understanding benefits, and that can be a challenge for lightly staffed HR teams that support a diverse workforce from educators to administrators, many of whom work remotely. Smart features included with the Benefitfocus Platform integrate personalized recommendations, decision support tools and contextual videos to lighten the education burden from benefits administrators, and the mobile optimized platform helps them reach a dispersed workforce.
With its more than 1,500 insurance carrier data interfaces, the
"The complexities of the education market—collective bargaining arrangements, retirees, and faculty and administrative staff from a variety of employment statuses and demographics—demand a greater degree of flexibility in benefits management," said
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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
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