The U.S. business group of Sun Life Financial Inc. (NYSE: SLF, TSX: SLF)
and benefitsCONNECT®, a leader in web-based electronic enrollment
and employee benefits administration software for small to mid sized
employers, announced today an agreement allowing HR professionals who
offer Sun Life group and voluntary products to manage their benefits
programs on a fully integrated online platform.
The partnership allows brokers and HR executives to offer Sun Life group
and voluntary benefits products using benefitsCONNECT®, an online
benefits enrollment and administration system with fully automated EDI
connectivity among employer groups, insurance carriers, TPAs, payroll
vendors and brokers. Brokers and employers can access benefitsCONNECT®'s
technology with Sun Life products at a negotiated per-employee fee.
"Sun Life's agreement with benefitsCONNECT® reinforces our
commitment to providing our customers solutions that simplify the
administration of benefits across the market segments we support," said
Geoff Walton, assistant vice president, Voluntary Benefits with Sun Life
Financial. "As a multi-carrier platform, with a focus on employers of
150 to 2,500 employees, benefitsCONNECT® provides one of the best
online benefits administration and enrollment solutions in the industry,
along with a valuable broker-centric business model."
"We are thrilled to include Sun Life's array of group and voluntary
benefits options as part of benefitsCONNECT®'s platform-assisted
enrollment experience," said benefitsCONNECT®'s founder
and CEO, Troy R. Underwood. "Partnering with Sun Life, a leading
insurer focused on growing electronic enrollment, enables us to widely
distribute the time and cost-saving advantages of online benefits
management to brokers and employers."
About Sun Life Financial
benefitsCONNECT®, a web-based benefits administration and
enrollment system, automates and simplifies year-round online benefits
enrollment and management. benefitsCONNECT® enables employer
groups to manage all traditional and non-traditional benefits in one
easy-to-use portal. The system provides secure electronic data
connectivity with carriers and benefit providers, ensuring accurate
enrollment and billing statements. Employees can manage their election
information year-round, while brokers and HR administrators have access
to manage eligibility, communicate with employees via the portal, and
can generate consolidated billing reports and other government mandated
reports. benefitsCONNECT® provides expert training and technical
support to all clients, and the company's platform-assisted enrollment
process helps employers clearly and consistently communicate the value
of the employee benefits package.
About Transcend Technologies Group, Inc.
Founded in 2001, Transcend Technologies Group, Inc. (dba benefitsCONNECT®)
is a privately held company that specializes in Internet-based software
applications for the health insurance and benefits industry. Transcend
licenses benefitsCONNECT® for benefits administration and online
enrollment and agencyMANAGER for agency management functionality,
and has established clients across the United States who entrust their
book of business to benefitsCONNECT® products. For additional
information, visit www.benefitsCONNECT.net,
or contact Sales at 916-421-4000 or sales@benefitsCONNECT.net.
SLPC 24594, appvd: 11/12.; exp: 11/17
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