Sun Life Financial Continues to Expand Its Private Exchange Offerings, Brings Suite of Employee Benefits to PlanSource OneMarket
Sun Life voluntary disability, life, accident, critical illness and cancer insurance now available on PlanSource private healthcare exchanges
WELLESLEY, MA (December 11, 2014) – The U.S. business group of Sun Life Financial has expanded its partnership with PlanSource to offer its comprehensive suite of employee benefits on PlanSource private healthcare exchanges. Sun Life’s voluntary short-term disability, long-term disability, life and accidental death & dismemberment, accident, critical illness and cancer insurance have been available on the PlanSource benefits administration platform and are now available to PlanSource OneMarket private exchange customers. Sun Life’s employee benefits are currently available through five private exchange partners.
PlanSource OneMarket is a comprehensive exchange solution available to brokers, carriers and large enterprises either as a proprietary insurance marketplace with multiple carrier and benefits options and optimal flexibility, or as a national exchange platform with fixed carriers and benefits. Launched in October 2014, the PlanSource OneMarket online marketplace helps employers give employees a greater selection of benefits plans, simplifies the enrollment process and helps control healthcare spending by delivering a self-service platform and advanced decision support to educate employees on their options.
“Sun Life is pleased to extend our reach to employee benefits customers by making our products available on the PlanSource online marketplace,” said Karen White, Assistant Vice President, Product Initiatives, for Sun Life. “Our growing presence on private exchanges reflects Sun Life’s commitment to making it easier for our customers to access quality employee benefits and make smart benefits choices. PlanSource is a great partner for us, as their complete, integrated exchange solution was designed to provide an exceptional customer experience.”
“For us, it’s all about offering more choice to our broker partners, to employers, and to employee end-users,” said Robin Babu, Director of Exchanges at PlanSource. “Adding a company like Sun Life to PlanSource OneMarket helps provide a more comprehensive marketplace for consumers to shop for benefits and delivers on the overall promise of private exchanges.”
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers. The Sun Life Financial group of companies operates under the “Sun Life Financial” name strictly as a marketing name, and no legal significance is expressed or implied. Sun Life Financial and its partners have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda. In the United States and elsewhere, insurance products are offered by members of the Sun Life Financial group that are insurance companies. In the United States, Sun Life Financial provides a range of products and services to employers and their employees, including Group and Voluntary Accident, Critical Illness, Dental, Disability, Life, and Stop-Loss insurance products. Sun Life Financial Inc., the holding company for the Sun Life Financial group of companies, is a public company. It is not an insurance company and does not offer insurance products for sale in the United States or elsewhere, and does not guarantee the obligations of its insurance company subsidiaries. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges under the ticker symbol SLF. For more information, please visit www.sunlife.com/us.
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 www.plansource.com.
Sun Life Financial
SLPC 26303 12/14 (Exp. 12/19)