BeneTrac, a Paychex company and provider of powerful, web-based electronic enrollment and employee benefits administration software, and Lovelace, a provider of high-quality, affordable health coverage to over 200,000 members in New Mexico and bordering states, are announcing today that Lovelace will use technology powered by BeneTrac to enable brokers, human resource managers, and their employees to enroll in its products online.
The agreement between BeneTrac and Lovelace will give brokers, human resource managers, and members access to a robust benefits management platform from BeneTrac to quickly and easily make benefits elections and manage and update information from Lovelace and other plans. Lovelace will pay the service fees to manage employee information in BeneTrac to help brokers and employers reduce the costs of providing and managing healthcare benefits.
“At Lovelace Health Plan, our mission is to provide high-quality health coverage to our community at a price it can afford. And now we can also help members save time and money in better managing Lovelace benefits, as well as those from other carriers, all through a single, secure, convenient system. BeneTrac offers the most robust technology to help us to ensure timely updates for open enrollment and benefit plan changes, so that our members can rest assured information is regularly updated and consistently kept up-to-date. Our partnership with BeneTrac helps to continue our commitment to providing customers with exceptional service and value,” said Doug Gullino, assistant vice president of group sales for Lovelace Health Plan.
Lovelace Commercial Health Plans provides health care coverage to employer groups with two or more employees. Plans include HMO, PPO, High Deductible, Self-Insured, Group SCI, Dental, and Vision products. Lovelace specializes in offering value through a broad range of health plans and programs, as well as coverage with a large network of contracted providers.
“At BeneTrac, we are excited to partner with Lovelace to further expand on the value its members already get with its diverse, quality offerings in the marketplace,” said Art Brooks, vice president of business development at BeneTrac. “With access to BeneTrac-powered technology, Lovelace members can reduce paperwork, save time and money, and increase accuracy of information to obtain an added level of value on top of the quality plans already offered by the provider.”
BeneTrac currently works with thousands of brokers and over 500 carriers and data partners to help about 1,600 organizations manage benefits for close to a million members throughout the United States. Its software helps HR professionals more efficiently manage benefits online through automatic electronic transfers of employee benefit elections and eligibility information.
For more information on using BeneTrac-powered technology to manage Lovelace, and other benefits products, please contact salessupport[.]BeneTrac.com.
BeneTrac (benetrac.com), a Paychex company, is a provider of powerful, web-based electronic enrollment and employee benefits administration software. The company’s online benefits management technology enables employers and human resources professionals to eliminate paperwork and automate management of their complete benefits packages through a single, customized portal. BeneTrac’s one-stop-shop platform for automatically adding, updating and managing information, and exchanging data with providers, capitalizes on relationships with more than 500 carriers and data partners. The technology offers a robust, affordable, user-friendly system that simplifies benefits administration. A pioneer in online benefits management, BeneTrac was founded in 1999. It was acquired in September 2007 by Paychex, Inc., a recognized leader in the payroll and human resource services industry. Its customers range in size from 50 to 12,500 employees.
About Lovelace Health Plan
Since 1973, Lovelace Health Plan has worked closely with physicians and our health care system to design programs and benefits that keep plan members healthy and informed of their choices. Today, Lovelace offers a full portfolio of managed care plans, providing insurance coverage for more than 190,000 people in communities across New Mexico. Our health plans cover more than 2,000 employer groups and thousands of Medicare-eligible individuals and their families. Lovelace is one of New Mexico’s oldest and largest employers*.
• Source: New Mexico Business Weekly; dated December 25-31, 2009.