LITTLE ROCK, Ark. – July 24, 2014 – Consistent with its commitment to enhancing enrollment options for both employers and employees -- and to making the enrollment process easier -- Transamerica Employee Benefits (www.transamericaemployeebenefits.com) will utilize the innovative technology of a leading, cloud-based provider of benefits administration, exchange, payroll, and HRIS solutions to employers.
Transamerica's TransApp® enrollment system now offers complete integration with PlanSource (www.plansource.com). Using a streamlined enrollment process and PlanSource's easy-to-use enrollment technology, employers can offer their employees insurance products from Transamerica Life Insurance Company and its affiliates (Transamerica), including hospital indemnity, short-term disability, cancer, critical illness, accident, universal life, interest-sensitive whole life, and term life.
Employers can now simplify benefits administration with easy tools for maintaining Transamerica's policy group information and billing reconciliation. The system also allows employers to transmit data between benefit advisers, payroll systems, health plans, insurance carriers, COBRA providers, FSA administrators, HSA administrators and other benefit service providers, all from one source. Employees can access multi-media educational materials, review benefit options and sign up for Transamerica products through a quick and simple enrollment process.
According to John Stanley, Chief Marketing Officer of Transamerica Employee Benefits, "Our relationship and integration with PlanSource's platform provides benefit brokers and consultants with access to enrollment, communication and decision support tools to empower employees to better manage the benefits selection process. Highlighted in this process are Transamerica's industry-leading supplemental health and life products."
"We are excited to team up with Transamerica to help facilitate access to best-in-class products along with a process that streamlines enrollment and reduces the administrative burden for employer groups," says Mark Tycksen, Vice President of PlanSource Advantage Program. "This is another great step toward our goal of using PlanSource's advanced technology platform to revolutionize the way employee benefits are delivered by offering Transamerica's worksite products to employers and their employees directly and seamlessly within the online enrollment experience."
Transamerica Employee Benefits is a marketing unit of Transamerica Life Insurance Company offering voluntary life and supplemental health insurance products. At Transamerica, we help our customers Transform Tomorrow®. Insurance products and services are issued by Transamerica Life Insurance Company, Cedar Rapids, Iowa, and its affiliates. With more than a century of experience, Transamerica has built its reputation on solid management, sound decisions and consumer confidence. For more information, visit www.transamerica.com.
PlanSource is a cloud-based, on-demand software provider that revolutionizes the way healthcare and employee benefits are bought, sold and managed with a comprehensive array of integrated services including benefits administration, decision support, payroll, and HRIS technology. PlanSource technology solutions are delivered through strategic insurance carriers, brokers and exchanges who partner with PlanSource in order to increase their retention rates, revenue, and the overall value they bring to their customers. For information, visit http://www.plansource.com.
Jeff Caldwell, Marketing Director
Transamerica Employee Benefits
800.400.3042 ext. 1271151