PrismHR Insurance Alliance Flattens the Insurance Cost Curve for HR Service Providers, SMBs
BOSTON, June 19, 2019 /PRNewswire-PRWeb/ -- Today at PrismHR LIVE, the largest technology conference for the HR service provider industry, PrismHR, the leading HR technology software powering payroll, benefits and HR for small and medium-sized businesses across the U.S., is hosting a panel of insurance industry leaders who will discuss innovation in the insurance industry and ways to deliver new and differentiated products to HR outsourcers and the SMBs they serve.
Ancillary benefits are increasingly becoming a critical factor for SMBs seeking to attract and retain top talent and ensure employee engagement and productivity. HROs leveraging PrismHR's network of Insurance Alliance partners can quickly and easily offer new, innovative products that keep costs low and help SMBs access benefits and services that once were reserved for large enterprises.
"We've successfully forged partnerships with some of the industry's leading voluntary benefits organizations and our HR service providers and their SMB clients are seeing the value," said Tim Pratte, Senior Vice President at PrismHR. "We've made a lot of progress and are looking forward to expanding the Insurance Alliance to incorporate innovative offerings that will enable our customers to control costs while delivering new benefits to SMBs and their employees."
PrismHR will host a panel discussion titled Flattening the Insurance Cost Curve on June 19 at 1:00pm during PrismHR LIVE, being held this week at the Boston Westin Waterfront.
The PrismHR Insurance Alliance was launched at PrismHR LIVE 2018 with the intent to offer a range of "A" rated insurance products that the company's network of HR service providers could offer to their SMB clients in an effort to level the playing field with large enterprises.
Over the course of the last year, PrismHR announced partnerships with industry leaders offering a wide range of insurance products. In the coming year, the company will continue to identify opportunities to partner with companies to drive down health insurance costs. These may include offerings around level-funded health insurance, proactive health management plans, direct primary care arrangements, and telemedicine, all of which will lower premiums, increase employee engagement, provide better retention and improve work environments.
The PrismHR Insurance Alliance Partners include:
5Star Life Insurance
American Public Life
US Enrollment Services
Beam Dental
Norton LifeLock
Omega Benefit Strategies
PrismHR Insurance Alliance
The PrismHR Insurance Alliance enables PrismHR's service provider customers to offer a range of A-rated, competitively priced ancillary insurance products to their clients, including voluntary life insurance, group accident insurance, dental, vision and more. In addition, enrollment in Insurance Alliance products is streamlined, and administration and reconciliation are also simplified.
About PrismHR
PrismHR delivers HR software and access to the largest network of HR outsourcers in the United States, all designed to reduce your HR burden and get the most from your greatest asset - your people. With hiring, payroll, benefits, compliance and much more, PrismHR technology makes HR more efficient across the entire employee lifecycle. 80,000 small- and medium-size businesses (SMBs) and 2M+ employees are already taking advantage of this combination of service and technology. Learn more at prismhr.com.
SOURCE PrismHR
