New best-in-class capabilities will improve efficiency, accuracy, and enhance the employer and carrier experience.
EverythingBenefits, the provider of comprehensive, next-generation benefits automation technology solutions, today announced the launch of its innovative EverythingBenefits Malachite program which will transform the way employers interact with their benefits carriers.
Through the carriers participating in the Malachite program, employers will experience improved data communications including increased utilization of real-time API data exchange, streamlined operating experiences such as benefits invoicing and payments, enhanced evidence of insurability support, and other services. Additionally, the program provides access to powerful analytics and improved thought leadership and collaboration to help educate employers and employees about this complex area making benefits more accessible to the everyday benefits consumer.
“The Malachite program is about our commitment to collaboration and continuous improvement on communication, automation, and education to drive the best benefits experiences. EverythingBenefits’ mission has always been to improve people’s lives through benefits technology. We are thrilled to have the support of forward-thinking carriers that embrace that same vision,” said Rachel Lyubovitzky, Chief Executive Officer, EverythingBenefits.
Guardian Life, a leading provider of life, disability, dental and supplemental health benefits for worksite benefits, will be the first insurance carrier to join the EverythingBenefits Malachite program. Guardian Life has been acknowledged for the past two years as a top carrier on the EverythingBenefits Top 20 Carrier list. The list recognizes benefits carriers for their consistency, all-around performance, and excellent collaboration.
“Our customers want an automated, streamlined benefits experience that will reduce their administrative workload, improve accuracy, and increase overall employee participation,” said Sarah Oliver, Head of Enrollment at Guardian Life. “With EverythingBenefits’ Malachite program, we are changing how Guardian benefits are delivered and serviced, which will lead to significant advantages for our customers.”
The key features of EverythingBenefits Malachite include:
- Improved employer carrier communications
- Streamlined operating experiences
- Access to insights to identify coverage gaps
According to Guardian’s Workplace Benefits Study “Digital Overdrive”, technology is now a key component of the benefits strategy for many employers. The research confirmed that employers who adopt a highly digital benefits experience will also yield higher employee satisfaction versus those who still rely on paper (70 percent versus 37 percent). EverythingBenefits Malachite strengthens the carrier and employer relationship by enhancing communication, providing real-time data exchanges, and ultimately, elevating the benefits experience for all.