Corestream’s unique voluntary benefits platform creates a seamless and effective way for CMC employees to learn about and select voluntary and traditional benefits
Corestream, the leading platform for connecting employees with voluntary benefits, highlighted its partnership with Community Medical Centers (CMC), an 8,700 employee not-for-profit healthcare network. The Central California health system operates four hospitals; a cancer institute; and long-term care, outpatient, and other healthcare facilities. By leveraging Corestream’s voluntary benefits platform and suite of APIs, CMC is able to offer traditional and voluntary benefits to its workforce in an easy to use, CMC-branded environment.
The Corestream platform is a one-stop-shop for CMC employees to learn about and select from a growing number of voluntary benefits in addition to their traditional benefits. Since adopting Corestream, CMC has continually added to the voluntary employee benefits it offers. The Corestream platform removes all the hurdles associated with adding and administering voluntary benefits so HR is no longer held back by internal resource constraints. Most recently, CMC began offering Kashable through the Corestream platform. Kashable offers low-cost personal loans to employees with online applications, instant approval/denial, funds deposited directly within three business days and variable repayment plans through payroll deduction.
HR Technology News: Vaya Group Launches Vayability Talent Development Solution
“At Corestream we’re honored to be partnering with CMC to bring its employees opportunities to sign up for the voluntary benefits that support their lives in myriad ways,” said Neil Vaswani, CEO of Corestream. “With the next generation of employees entering the workforce and demanding voluntary benefits, it’s as important as ever to provide them in tandem with traditional offerings. CMC has always been at the forefront of offering employees new and unique voluntary benefits and we look forward to continuing this partnership.”
Voluntary benefits are elective add-ons that businesses like CMC offer their employees to complement existing traditional offerings, such as medical, dental, vision, life & AD&D, long-term disability, and long-term care insurance. Corestream currently manages voluntary benefit deductions for more than 1.7 million employees and has reconciled over $100 million in premiums for its partners.
“To recruit and retain top talent in the highly competitive healthcare landscape, it’s vital for us to offer flexible benefits that employees can customize to meet their specific needs,” said Carla Milton, Sr. Vice President and Chief Human Resources Officer of Community Medical Centers. “Corestream helps us do that.”
Milton added, “And our newest voluntary benefit offering, Kashable, provides our employees with an alternative to obtain a short-term loan and not dip into their 403(b) retirement accounts or run up expensive credit card advances to pay for life’s unexpected expenses. When we ask our employees about why they love working for Community, our great benefits, especially the voluntary benefit choices, are always among the top reasons.”
CMC offers a variety of voluntary employee benefits to fit every lifestyle and cater to the broadest demographic of their employees’ needs, including pet insurance, ID theft protection, legal assistance, discounted group auto and home insurance, student loan refinancing, personal loans, big-ticket item shopping programs, and Critical Illness, Accident and Hospital Indemnity – all through payroll deduction. In addition, employees have access to thousands of retail discount offerings.
Along with CMC, Fortune 500 companies use Corestream’s HR technology platform and unique APIs to create a single point of integration through which all participants in the voluntary benefits ecosystem – carriers, brokers, employers and employees – can seamlessly connect and work together.