CHARLESTON, S.C., May 11, 2020 /PRNewswire/
-- Benefitfocus, Inc. (NASDAQ: BNFT), a technology
platform provider enabling rapid innovation for employers, health
plans and consumers, has launched For You SC, an initiative
to offer a selection of health insurance, life insurance, financial
services and lifestyle benefits for residents of South Carolina who have been impacted by the
economic downturn caused by COVID-19.
ForYouSC.com directs South Carolinians to a range of insurance,
benefits and resources, some of which are only available in the
state. This offering, accessible online or via mobile devices, is
designed to provide a wide array of options to those facing
unemployment or economic uncertainty during this crisis through a
single digital experience.
"Our mission is to connect consumers to the benefits and
services that improve their lives and, since the onset of this
crisis, we have worked diligently and quickly to help those most
directly affected," said Ray August,
president and CEO of Benefitfocus. "We are now paying particular
attention to helping those in our home state. For You SC is
our initial effort to present a state-focused option to residents
who may need them the most."
Through the end of 2020, Benefitfocus will donate profits
generated through For You SC to the One SC Fund:
COVID-19 Response. This partnership between SC Grantmakers
Network, Together SC, and the United Way Association of
SC will enhance the efforts already underway in several
counties and regions across South
Carolina to address gaps in the response efforts, including
support for communities that lack resources or an organized
philanthropic response.
Benefits Options for South Carolina
Residents
According to the U.S. Labor
Department, more than 33 million Americans have filed for
unemployment insurance in a seven-week period since the start of
the coronavirus crisis. Millions of other self-employed workers
have seen their income shrink. Many now have to find benefit plans
to replace those provided by their former employers or to revisit
their current benefits to determine if they meet their needs, and
they will have to do so without the help of an employer.
South Carolina residents
visiting ForYouSC.com will find information to help them easily
navigate the process of choosing specific benefit options that meet
their personal needs, many of which are only available within the
state, including short- and long-term health plans from a local
provider. Additionally, Colonial Life & Accident Insurance
Company, headquartered in Columbia, is offering accident, dental and
whole life insurance.
"We are proud to partner with other South Carolina companies to help protect the
families, finances and futures of Palmetto State residents," said
Tim Arnold, president and CEO of
Colonial Life. "It's important for families facing unexpected
hardships to be able to rely on valuable insurance coverage to
remain physically and financially healthy."
Both the state-focused health plans and national offerings from
Doctors on Demand provide virtual care, a service of growing
importance as more consumers rely on telehealth as an alternative
to in-person care and consultation.
The site will also have access to national offerings, such as:
student loan refinancing from CommonBond; auto and home insurance
from Liberty Mutual and Bristol West; prescription savings through
ScriptSave WellRX; and grocery shopping and delivery services from
Shipt.
Benefitfocus plans to offer similarly tailored consumer
solutions, such as For You SC, in other states across the
country.
Creating Consumer Access -
Benefitplace.com
ForYouSC.com is part of the
direct-to-consumer benefits offering through benefitplace.com,
which launched in April as a resource for independent workers and
displaced employees to access a selection of affordable individual
and family health plans, as well as a variety of other products and
services to support their well-being through this challenging
time.
Benefitplace.com reflects Benefitfocus' long-term strategy to
support consumers' health and financial well-being. It is
designed to help individuals who do not have benefits through an
employer or have lost their group benefits and are looking to
ensure they and their family have access to health, financial,
lifestyle and other benefits.
Benefitfocus has constructed its benefits platform so that
users receive access to
a personal account where they can shop for
individual health plans and voluntary benefits to
support them and their family's needs for life.
Connect with Benefitfocus
Access For You SC
Like Benefitfocus on Facebook
Follow @Benefitfocus on Twitter
Follow Benefitfocus on LinkedIn
Follow Benefitfocus on Instagram
About Benefitfocus
Benefitfocus (NASDAQ: BNFT) unifies
the entire U.S. benefits industry on a single technology platform
to protect consumers for life. Our powerful cloud-based software,
data-driven insights and thoughtfully-designed services enable
employers, insurance brokers, health plans and
suppliers to simplify the complexity of benefits
administration and deliver health, wealth, property and lifestyle
products through a world-class benefits experience. Learn more
at www.benefitfocus.com, LinkedIn and Twitter.
INSURANCE NOTICE
Certain products available on the
BENEFITFOCUS BENEFITPLACE™ platform may be regulated through
various state agencies as insurance products. Regulated insurance
products are offered through brokers affiliated with BenefitStore,
Inc. (doing business as 627 Benefits Insurance Agency in
California and 627 Insurance
Broker Agency in New York), a
licensed insurance agency and wholly owned subsidiary of
Benefitfocus, or through your, your association's, or your
employer's appointed broker as applicable. Any insurance coverage
is subject to the issuer's underwriting standards, fees and other
terms and conditions associated with specific offering or services
as determined by the issuer or provider.
DISCLAIMER REGARDING FORWARD LOOKING
STATEMENTS
Except for historical information, all of the
statements, expectations, and assumptions contained in this press
release are forward-looking statements. Actual results or
performance 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; risks related to changing healthcare and
other applicable regulations; the immature and volatile nature of
the market for our products and services; 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; management
of growth; and the other risk factors set forth from time to time
in our SEC filings, copies of which are available free of charge
within the Investor Relations section of the Benefitfocus website
at http://investor.benefitfocus.com/sec-filings or
upon request from our investor relations department. Benefitfocus
assumes no obligation and does not intend to update these
forward-looking statements, except as required by law.
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SOURCE Benefitfocus, Inc.