Benefits product roundup: Change Healthcare, RFP360, Unum, Retirement Equity Lab

Here’s the latest on new and enhanced employee benefits and retirement products.

ConnectYourCare announced that its health savings accounts, health care and dependent care flexible spending accounts, and commuter and parking benefits—will be made available on the ZeroPEPM benefits platform from CommonCensus. Brokers and employers opting for ConnectYourCare services via ZeroPEPM will access to the CommonCensus Benefits Operating System, which includes online, offline, call center, and self-service enrollment options.

HealthSavings Administrators and Orion Advisor Services, LLC announced a strategic partnership to empower RIAs to integrate HSAs into retirement planning services for their clients.The HealthSavings and Orion integration allows RIAs to manage their clients’ HSAs in the same dashboard as other investment accounts – IRAs, 401(k)s and more. RIAs can access clients’ HSAs as part of their existing Orion portfolio interface.

First Choice Health announced it will offer a prescription opioid use report free to employers in the Puget Sound area. The report will help identify high rates of opioid use which can be associated with potential misuse and addiction among employees. To be eligible to obtain the free report, companies must employ more than 200 people and be located in the greater Puget Sound area.

SoFi announced the addition of 529 contributions to their SoFi at Work program, as well as a forthcoming selection tool. With the 529 selection tool, employees will be able to input basic information about their expected college costs and household financial status and receive a personalized recommendation for two college savings plans. Employees will also be able to link their existing 529 plans with SoFi’s portal and make contributions from their paychecks.

A new supplemental health portfolio from Unum includes new Accident and Critical Illness products with more coverage and features aimed at aligning the onboarding, billing, and administrative experience with group life and disability products. Unum also redesigned its existing Accident and Critical Illness products to extend the coverage. These plans feature a wellness benefit with more options for covered screenings and broader coverage for children.

Reflektive revamped its entire Performance solution to include structured Conversation Starters. This feature aims to help new and seasoned managers alike to engage employees in a meaningful and consistent way. Managers and employees can collaborate through Reflektive, email, Slack or mobile to set agendas for discussions. They can also track conversations by date and follow up on items they need to revisit.

Change Healthcare announced Claims Lifecycle AI for denials within Change Healthcare’s claims management suite, including Assurance Reimbursement Management (for hospitals and health systems, billing services, and other providers) and Revenue Performance Advisor (for physician practices, labs, home health, medical billing services vendors, and other providers). It is designed to help providers of any size proactively identify problem claims that could result in denials, and remediate potential issues before the claims are filed.

RFP360 announced the release of its Marketplace360 solution—a feature on its RFP360 unified platform, currently offered at no additional cost to customers. Marketplace360 was designed with the aim of being a simple and efficient way for buyers and sellers to connect.Within the platform, users can identify, organize and manage potential vendors, maintain a robust centralized knowledge base and more.

Financial Engines introduced Fiduciary Distribution Review. The service is designed to help employees make informed decisions about their separation benefits, retirement plan distribution choices, and in-plan income options. Fiduciary Distribution Review gives departing employees private, one-on-one meetings with a Financial Engines financial planner.

The New School’s Retirement Equity Lab launched a new podcast, Reset Retirement. Host Teresa Ghilarducci, labor economist and professor at The New School, talks to people of all ages about their efforts to save for retirement, and to experts who discuss how to change policy to improve retirement security. Episodes can be found on Apple Podcasts, Spotify, Stitcher or other podcast platforms.

CEFEX announced the CEFEX Independent Assessment Report (IAR). For plan sponsors, the IAR offers a way to document the selection and monitoring of their service providers. The IAR serves as a comprehensive expert analysis, which should be stored in their fiduciary file as a permanent record.The new reports are available for renewal assessments conducted after May 1, 2019.

HR Cloud and LoanBuddy have formed an alliance to offer a comprehensive student loan wellness app with a no-cost first-year subscription to qualified employers who want to offer their employees the advantage of student loan benefits.  ​​

Trupo announced the launch of three new insurance products for independent workers: Accident Insurance, Dental Insurance, and Specified Disease and Cancer Insurance. Trupo is now available in New York, with underwriting from Paul Revere Life Insurance Company, a subsidiary of Colonial Life & Accident Insurance Company.

StaffConnect announced StaffConnect 2.4. It aims to help administrators create targeted content that can be shared with specific audiences across an organization – whether that be an employee, department, role, or building. New features include abilities in category management, user organization, feed targeting, survey distribution and push messaging.

Businessolver has expanded its MyChoice Market to extend benefits access to part-time employees.The suite of benefits can be taken with them should they change jobs or reach the end of a contract. Employers can now offer part-time employees access to benefits through their existing Benefitsolver platform. Employees who elect MyChoice Market plans cover the costs of the benefits they choose, with no required employer contributions.

The Guardian Life Insurance Company of America announced new Accident Insurance benefits including Injury-Free Benefit, which pays the employee a cash benefit if their family is claim-free for 5 years, and Rainy Day Fund, which pays up to $500 annually to cover costs that are insurable by an individual policy but are not covered by the policy due to limitations.