Partnerships to deliver unparalleled value and streamlined administration for PEOs and ASOs
September 5, 2018 – Phoenix, AZ – Today, at the NAPEO Annual Conference and Marketplace, PrismHR announced the PrismHR Insurance Alliance. The Insurance Alliance will combine leading insurance products and services with PrismHR technology, streamlining administration for HR Outsourcing (HRO) firms. The new approach will help HR service providers drive worksite employee engagement, satisfaction and growth. Initial partnerships will include a leading benefits enrollment company, Bentec Workplace Solutions, and a newcomer to the dental and vision insurance space, Beam Dental.
“The hundreds of firms that use PrismHR constantly tell us they are looking for ways to add more value for their clients, improve their overall operations and save money,” said Gary Noke, President and CEO, PrismHR. “The Alliance will leverage the strength of the PrismHR network to provide new and richer benefit plans and insurance options, helping drive greater value for our service providers and the companies they serve.”
“We are extremely excited about how this will help PEOs, ASOs and their clients,” added Tim Pratte, Senior Vice President, Business Development, PrismHR. “And we’re honored to be able to add Bentec and Beam to the Alliance, joining our previously announced partner, AP Intego.”
The PrismHR Insurance Alliance will enable HR outsourcers that use PrismHR to:
- Offer a suite of competitively priced products to their clients that includes voluntary life insurance, group accident insurance, dental, vision and more.
- Increase employee participation via Bentec enrollment services, featuring a dedicated call center and streamlined enrollment through PrismHR software.
- Save time in benefit administration:
- Easy inclusion of Alliance plans inside of PrismHR products
- Automatic data transports or enrollment data to and from the carrier
- Simplified benefit reconciliation
“The PrismHR Insurance Alliance is a powerful concept, and we’re excited to be here at the beginning,” said Randy Wood, President of Bentec Workplace Solutions. “We believe our prior experience in the space will significantly drive enrollment and improve the overall employee experience.”
“America’s small and medium-sized businesses and their employees are looking for modern, innovative benefits,” said Alex Frommeyer, co-founder and CEO, Beam Dental. “We’re excited to join the PrismHR Insurance Alliance because it will help HR service providers deliver the value that SMB buyers are looking for, creating a best-in-class product experience.”
More partnerships are underway and expect to be announced later in 2018. PrismHR PEOs and ASOs will have the option to join the Alliance starting in 2019. To get additional insight into news about the Alliance, or to express interest in offering benefits via the Alliance, please visit www.prismhr.com/insurance-alliance.
PrismHR creates exceptional software and services, empowering human resource outsourcing service providers such as Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs) to deliver world-class payroll, benefits and HR to small and medium sized businesses. PrismHR software is used by more than 88,000 organizations and 2.2 million worksite employees, processing greater than $57 billion in payroll each year. For more information, visit https://www.prismhr.com.
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