PlanSource Announces Its Advanced Private Exchange Platform To Support A Defined Contribution Retail Benefits Marketplace

ORLANDO, Fla., Feb. 26, 2013 /PRNewswire/ -- PlanSource, a cloud-based, on-demand technology company that provides state-of-the-art benefits administration, payroll, and HRIS solutions to employers through its insurance carrier and broker partners, has announced the launch of MyPlanSource, a healthcare and benefits exchange platform designed to support defined contribution retail benefits marketplaces.

MyPlanSource is a state-of-the-art technology solution designed to provide a full suite of contemporary features and functionality to support a comprehensive benefits marketplace. Mission critical functions such as Employer Shopping, Employee Shopping, Personalized Plan Selection Guidance and Decision Support, Defined Contribution, Enrollment, Plan Administration, Billing and Data Management are all integrated in a single- or multi-carrier environment and delivered online through one powerful, secure application.

"One of PlanSource's fundamental goals has been to support small and medium-sized businesses by creating a benefits administration technology solution that seamlessly connects consumers, employers, insurance brokers and multiple carriers in one powerful, easy-to-use platform," said Scott Carver, President of PlanSource. "We've been managing healthcare exchanges for years, so MyPlanSource is another natural extension of our core capabilities to meet the demands of the rapidly evolving private healthcare exchange market."

Added Carver, "For carriers, brokers, and other stakeholders looking to execute their own Private Exchange strategies, MyPlanSource provides a robust end-to-end technology solution built on a proven, highly configurable and scalable platform. Add to that the ability to leverage PlanSource's established portfolio of carrier partners and product integrations, and you have a very compelling value proposition for delivering and managing a true retail benefits marketplace."

About PlanSource

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. To learn more about PlanSource, visit www.plansource.com.

SOURCE PlanSource

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