Prudential Expands Partnership and Joins PlanSource Boost to Create a Modern Benefits Experience
May 21 2020 - 7:00AM
PlanSource, a leading provider of cloud-based benefits software,
announced today that Prudential will join PlanSource Boost, a
program created to modernize the benefits experience through
optimized benefits shopping, simplified billing, preferred pricing
and real-time API integrations.
“Prudential offers much more than products. It provides
solutions that support and protect individuals’ financial
stability. These are particularly critical when unplanned events
like illness or loss of a loved one occur,” said Leston Welsh, head
of products for Prudential Group Insurance. “We know that an
efficient, low-stress customer experience is key to ensuring that
our solutions work for individuals when they need them most.
Partnering with PlanSource allows us to simplify and improve how
customers interact with us.”
Benefits play a significant role in attracting and retaining top
performers. A recent Prudential study shows American workers are
putting more thought into choosing annual benefits. Through Boost,
PlanSource is optimizing the employee shopping and enrollment
experience for the products offered by Boost carriers,
incorporating best practices and relevant content to help consumers
select the benefits that are right for them.
In addition to the optimized employee shopping experience, the
Boost program was designed to drive game-changing ease, convenience
and familiarity for employees and HR teams using PlanSource. When
employers purchase one or more qualifying products from
participating carriers, they receive:
- Preferred pricing - A simple, discounted price
for the PlanSource benefits technology platform.
- Simple consolidated billing and payment -
Customers use PlanSource to self-bill for the products offered from
Boost carriers, saving time for busy HR professionals and
eliminating the need to reconcile bills.
- Industry-leading integrations - PlanSource and
its Boost partners will be rolling out state-of-the-art
integrations that improve the experience for employees and HR
teams. Examples include APIs to automate the configuration of
benefit plans, streamline Evidence of insurability and enrollment
transactions, and provide easy access to insurance carrier member
portals.
“Partnerships with leading companies like Prudential allow us to
deliver a superior customer experience,” said Bradley Taylor,
Executive Vice President of Strategic Partnerships at PlanSource.
“It was key for us to have Prudential as one of our Boost carriers,
and we look forward to our shared focus on improving employee
engagement and modernizing the customer experience.”
About Prudential Group InsurancePrudential
Group Insurance manufactures and distributes a full range of group
life, long-term and short-term disability and corporate and
trust-owned life insurance in the U.S. to institutional clients
primarily for use within employee and membership benefit plans. The
business also sells critical illness, accidental death and
dismemberment and other ancillary coverages. In addition, the
business provides plan and administrative services in connection
with its insurance coverages, and administrative services for
employee paid and unpaid leave, including FMLA, ADA and PFL.
About Prudential Financial, Inc.Prudential
Financial, Inc. (NYSE: PRU), a financial wellness leader and
premier active global investment manager with more than $1 trillion
in assets under management as of March 31, 2020, has operations in
the United States, Asia, Europe, and Latin America. Prudential’s
diverse and talented employees help to make lives better by
creating financial opportunity for more people. Prudential’s iconic
Rock symbol has stood for strength, stability, expertise and
innovation for more than a century. For more information, please
visit news.prudential.com.
About PlanSourcePlanSource is a technology
company driven to create a better benefits experience for employers
and their employees. More than 5 million consumers receive their
benefits through the PlanSource platform, which provides flexible
and intuitive software and services for benefits administration. By
combining industry-leading software and a full suite of
professional services, PlanSource provides companies of all sizes
with a complete solution for benefits shopping, enrollment,
billing, compliance and administration. Learn more at
www.plansource.com.
PlanSource is a registered trademark of PlanSource, Inc., and
PlanSource owns other registered and unregistered trademarks. Other
names used herein may be trademarks of their respective owners.
Media Contacts
Jeanne Achille
The Devon Group for PlanSource
732.706.0123 ext. 700
jeanne@devonpr.com
Cat Miller
Director, Communications and Partner Marketing, PlanSource
cat.miller@plansource.com
918.894.1298
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