As part of the collaboration, Transamerica’s TransApp enrollment system will now offer complete integration with PlanSource technology, and employers will be able to utilize PlanSource tools to deliver insurance products from Transamerica Life Insurance Company and its affiliates to employees.
The partnership also means that Transamerica will be added to the list of other PlanSource partners, the firms explain, including Colonial Life and Aetna. These firms work with PlanSource to simplify the participant enrollment process and to give employees more choices when it comes to voluntary benefits. The solutions from PlanSource also help reduce the HR administrative burden via a self-service platform with employee decision support features.
Employers can also use PlanSource to access dedicated tools for maintaining Transamerica’s policy group information and billing reconciliation. The system 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. Employees can access multimedia educational materials, review benefit options and sign up for Transamerica products through a simplified enrollment process.
John Stanley, chief marketing officer of Transamerica Employee Benefits, says the relationship and integration with PlanSource’s platform provides benefit brokers and consultants with access to enrollment, communication and decision support tools as well. These tools should help advisers empower employees to better manage the benefits selection process, he adds.
Transamerica Employee Benefits is a marketing unit of Transamerica Life Insurance Company offering voluntary life and supplemental health insurance products. More information is available at www.transamerica.com.