PrismHR Service Providers and Their Small Business Customers Can Now Reduce Costs and Consolidate COBRA Benefits with ThrivePass
Hopkinton, Mass. – September 17, 2020 – PrismHR, the leading HR technology software powering payroll, benefits, and HR for businesses across the U.S., today announced that ThrivePass has joined PrismHR Marketplace and will offer its benefits platform to the company’s HR service provider partners and their small business clients.
The ThrivePass Benefits Suite, which includes COBRA decision enablement, well being and learning stipend management, and pre-tax benefits management helps employees enroll, engage and transition into and out of employment more effectively. View ThrivePass Marketplace page
“Decision enablement is key to helping both employees and employers get better financial outcomes,” said Tim Pratte, Senior Vice President, Diversified Services at PrismHR. “ThrivePass’ revolutionary COBRA solution shows employees better and more affordable options so both the employee and the client see significant savings over traditional COBRA packages.”
“We’re incredibly excited to partner with PrismHR to bring our suite of products to their customers. Our relentless pursuit of customer satisfaction and enhanced employee experience aligns well with the PrismHR values,” said Andreas Deptolla, CEO of ThrivePass. “In particular we’re excited to bring our unique COBRA decision enablement solution to the HR service provider marketplace to drive significant cost savings in an area that is typically very painful for employers.”
ThrivePass partners with organizations to enhance the employee experience through benefits and has over 30 years of experience providing core TPA services across HSA, FSA, HRA, Commuter, COBRA, and Direct Bill/Retiree Administration. Over the last 6 years ThrivePass has developed a modern and holistic benefits platform that reduces costs and consolidates core TPA services with our proprietary Wellbeing and Rewards, Tuition Reimbursement technology, and Enrollment tools that can now support the entire employee benefits journey by helping them Enroll, Engage and Transition.
PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our HR software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits, and HR, leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing greater than $80 billion in payroll each year. PrismHR is located in Hopkinton, Mass. For more information, visit www.prismhr.com.
PrismHR Public Relations
ThrivePass Public Relations