Mercer Selects Benefitfocus to Provide Technology Platform for Private
Global Consulting Leader Leverages Cloud-Based Technology Platform to Build
CHARLESTON, S.C., Jan. 14, 2013
CHARLESTON, S.C., Jan. 14, 2013 /PRNewswire/ --Benefitfocus, the nation's
largest provider of healthcare and benefits technology, today announced it
will provide the technology platform for the private benefits exchange to be
offered by Mercer, a global consulting leader in talent, health, retirement
and investments. Mercer Marketplace^SMis a cloud-based private exchange
designed to lower employer costs associated with competitive employee benefit
The BENEFITFOCUS® Platform, which supports the private benefits exchange, will
provide Mercer's clients the convenience of an online retail marketplace where
they can shop, enroll, manage and exchange all benefits-related information.
"Mercer Marketplace is an important addition to the suite of solutions that
Mercer provides to clients," said Sharon Cunninghis, North America Health &
Benefit Region Leader of Mercer. "It will allow employers to continue offering
competitive benefits to their employees, which is an important attraction and
retention tool, while actively managing spending and reducing their
administrative responsibilities. Employees will have access to a broader array
of benefits, as well as the ability to tailor those benefits to their
particular needs with the necessary support to make appropriate decisions."
Developed with Benefitfocus technology, Mercer Marketplace^SM delivers the
flexibility and customization required for navigating complex benefit
portfolios. Additionally, the Benefitfocus Platform enables Mercer Marketplace
to support defined contribution models based on a percentage of an employee's
income or a standard amount set by the employer, further simplifying benefit
administration for Mercer's client base.
"Mercer has designed such a powerful marketplace for employers to offer
employees a full set of benefits in a new private exchange model," said Shawn
Jenkins, President and CEO of Benefitfocus. "They have combined it with the
strongest benefit administration platform to simultaneously decrease
administrative costs and increase employee choice. Benefitfocus is very
excited to deliver this new capability with Mercer. Our passion for delivering
awesome technology via the web and mobile devices teamed with Mercer's deep
experience with direct-to-consumer businesses creates a market-leading
The Benefitfocus Platform is built from the ground up using cloud technology,
marketplace capabilities and is designed using "Mobile First" methodologies so
that it can provide the best user experience on any web-enabled device.
Mercer is a global consulting leader in talent, health, retirement and
investments. Mercer helps clients around the world advance the health, wealth
and performance of their most vital asset – their people. Mercer's 20,000
employees are based in more than 40 countries. Mercer is a wholly owned
subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of
professional services companies offering clients advice and solutions in the
areas of risk, strategy and human capital. With 53,000 employees worldwide and
annual revenue exceeding $11 billion, Marsh & McLennan Companies is also the
parent company of Marsh, a global leader in insurance broking and risk
management; Guy Carpenter, a global leader in providing risk and reinsurance
intermediary services; and Oliver Wyman, a global leader in management
consulting. For more information, visit www.mercer.com. Follow Mercer on
Benefitfocus is the largest benefits technology provider in the U.S. More than
18 million members, 300,000 employers and 60,000 brokers use our cloud-based
platform to shop, enroll, manage and exchange all their benefits in one place.
From consumer engagement and education to enrollment, communication and
billing, Benefitfocus is helping companies find a better way to manage their
benefits. For more information, visit www.benefitfocus.com. Benefitfocus – All
Your Benefits. One Place.
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