@benefitfocus.com
Helping in the moments that matter by connecting consumers to benefits that improve lives.
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Benefitfocus is a technology company based in the United States that specializes in cloud-based benefits management solutions for employers, insurance carriers, and consumers. The company was founded in 2000 by Shawn Jenkins, Mason Holland, and Roger Cormier, with headquarters in Charleston, South Carolina. Benefitfocus offers a range of products and services that help companies streamline administration, enrollment, and communication of employee benefits.
Its main product is the Benefitfocus Platform, a comprehensive software solution that integrates benefits enrollment, eligibility management, and communication tools into one platform. The platform also enables consumers to shop for and enroll in a wide range of insurance products, such as health, life, and voluntary benefits. On a global scale, Benefitfocus primarily operates in the United States.
The company serves thousands of employers, insurance carriers, and consumers across various industries. It has also established strategic partnerships with industry leaders, including leading insurance carriers and benefits administration companies. In terms of market position, Benefitfocus is one of the prominent players in the benefits management industry.
The company has a strong presence in the United States and competes with other major players such as ADP, Mercer, and Aon. It differentiates itself through its cloud-based platform, which allows for scalability, flexibility, and ease of use. In recent years, Benefitfocus has undergone significant growth and development.
The company went public in 2013, listing its shares on the NASDAQ stock exchange under the ticker symbol BNFT. It has expanded its product portfolio, introduced new features, and enhanced its platform's capabilities. Benefitfocus has also made several acquisitions to further strengthen its position in the market.
As of the latest information available, Benefitfocus continues to innovate and improve its platform to meet the evolving needs of its clients and end-users. The company remains committed to providing best-in-class benefits management solutions and has a successful track record in helping organizations simplify and enhance their benefits programs
Company Type
Public Company
Company Size
1001-5000
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