The startup offers an insurance platform that centralizes employee health benefits and group retirement savings management, enabling efficient billing and claims processing. This solution allows employees to easily access and control their health benefits, promoting better health management and financial planning.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional employee benefits management is often characterized by complex paperwork, manual processes, and disparate systems, leading to administrative overhead and a lack of transparency for employers, advisors, and employees. This complexity results in inefficiencies, increased costs, and a fragmented user experience.
Solution
Simply Benefits offers a digital platform that centralizes and streamlines employee benefits administration, providing a unified experience for advisors, employers, and employees. The platform automates enrollment, claims processing, and billing, reducing administrative burden and improving accuracy. By providing real-time access to plan information, claims status, and spending account balances, Simply Benefits empowers employees to better manage their health and financial well-being. The platform also offers reporting and analytics tools that enable employers and advisors to gain insights into plan performance and make data-driven decisions.
Target Audience
Simply Benefits targets small to medium-sized businesses (SMBs) and benefits advisors looking to streamline employee benefits administration, reduce costs, and improve the employee experience.
Features
- Digital onboarding and enrollment process for employees and administrators.
- Real-time online billing and invoicing.
- Automated claims submission and processing with 48-hour reimbursement.
- Mobile app for employees to access coverage details, submit claims, and view digital benefits cards.
- Comprehensive reporting and analytics dashboard for employers and advisors.
- Integration with TELUS Health eClaims for direct billing with healthcare providers.
- Customizable plan designs, including traditional and modular flex options.
- Support for various benefit types, including health, dental, life, disability, and spending accounts (HSA, LSA).
- Secure platform with advanced security measures to protect sensitive data.
- White-label option for advisors to brand the platform with their own logo and colors.