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Employers and Health Plans Solve Pandemic-Era Health and Benefits Administration Challenges Through Technology

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CHARLESTON, S.C., Feb. 15, 2021 /PRNewswire/ Following a review of performance metrics and customer feedback, Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers,
shares several key findings from its most recent open enrollment (OE) period. The findings demonstrate the value of a comprehensive benefits platform solution that provides employers and health plans with greater administrative efficiencies and enables lower health care costs.
Highlights of the findings include:
Increased purchases of hospital indemnity and voluntary life insurance offerings by consumers, believed to be driven by the health impact of COVID-19 ....

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Hedge fund seeks changes at Charleston tech firm Benefitfocus

A Texas firm poured $80 million into one of South Carolina s biggest technology businesses earlier this year, giving it some sway to start putting its imprint on the company.
Last week, another investor arrived on the scene. It, too, appears to be bringing a hands-on approach with it.
Indaba Capital Management told regulators Tuesday that it recently shelled out $25.6 million to amass a 7.5 percent stake in Benefitfocus Inc. The flurry of purchases between Oct. 19 and Dec. 11 makes the California hedge fund the fourth-largest stockholder in the developer of cloud-based workplace benefits software, based on the most recent public disclosures.
In its filing with the Securities and Exchange Commission, Indaba said it snapped up the 2.4 million shares in the ordinary course of business and that they represented an attractive investment opportunity. ....

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Benefitfocus Expands Its Partnership with Transamerica to Provide Seamless Retirement Plan Enrollment

Benefitfocus Expands Its Partnership with Transamerica to Provide Seamless Retirement Plan Enrollment
First integrated benefits administration platform to directly support enrollment and management for Transamerica s 401(k) and 403(b) plans across all market segments
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CHARLESTON, S.C., Dec. 10, 2020 /PRNewswire/ Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announces today an enhanced partnership with Transamerica that enables integrated retirement plan enrollment directly through Benefitplace™. This simplified enrollment experience allows employees to quickly enroll in 401(k) and 403(b) retirement plans offered by Transamerica, without the hassle of multiple logins or user names. ....

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