Insurance Technology Featured Article

First Niagara Announces the Launch of Its Benefits Exchange

April 07, 2014

First Niagara Benefits Consulting recently introduced its private insurance exchange solution, which will be offered to businesses with 100 or more employees.

Officials said that the First Niagara Benefits Exchange can accommodate a wide range of employer contribution approaches when offering employee benefits. It is fully equipped with powerful Web-based decision support tools and a professionally staffed call center.

By using the First Niagara Benefits Exchange, employers can offer their employees more choices and enhanced understanding of their healthcare expenses. Doing this, they can further reduce their overall healthcare spend.

With the help of the exchange, employers can also leverage the FNBC team's extensive experience in building and administering flexible contribution models and private exchanges to simplify benefit plan administration and deliver seamless enrollments.

"Providing superior choices and robust decision support tools, we enable employees to select benefits best suited to meet their unique cost and coverage objectives," said Bill Hartz, senior vice president of First Niagara Benefits Consulting. "We are thrilled to offer superior options to our clients and help reduce over-insuring especially given the changing health insurance environment."

The exchange has been designed to allow employees to choose from the best complement of benefit options for themselves and their families.

bswift, a major player in software and services for employee benefits administration and exchange solutions, will offer the exchange technology platform for the First Niagara Benefits Exchange.

"We are delighted to be working on an exchange solution for FNBC clients, given the long history of our successful partnership with the FNBC team. Technology provided by bswift, combined with the highly personalized service delivered by FNBC, will set the First Niagara Benefits Exchange apart from the competition," noted Rich Gallun, CEO of bswift.




Edited by Alisen Downey

Article comments powered by Disqus

Related Insurance Technology Articles

Mercury Insurance Selects OnBase for Process Automation and Paperless Workflow

One of the greatest benefits of digital technology is it allows businesses to eliminate processes and methodologies that in the past slowed growth and made up a considerable percentage of the overall operational cost of the organization. While paper has served civilization very well, and still continues to do so to this day, for large organizations it is a technology that can be described as slowing down the workflow of a company to a tortoise pace compared to digital solutions. [ Read More ]
10/30/2014

Insurance Industry Focusing More on Customer Satisfaction

Like any other industry, customer satisfaction matters a great deal in the insurance sector. Various studies conducted have proven beyond any doubt that a satisfied customer is the best advertisement for an insurance company. [ Read More ]
10/29/2014

Parents Choose Doctors for Children Based on Online Ratings

New research recently published in the Pediatrics journal shows that the online reputation of a healthcare provider may be just as important or even more so as its real-life one. [ Read More ]
10/28/2014

Auto Insurance Telematics Poised for Explosive Growth

Smart cars are getting smarter and have become foundational elements of our increasingly connected world. The data they generate pertaining to things like driver habits, the car condition and adherence to maintenance best practices, where the car is driven, where it calls home, etc. are all critical in determining insurance premiums. In fact, they are what will enable insurers the ability to reward customers who are good drivers and good owners while charging higher rates for those who are less … [ Read More ]
10/23/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!