NEW PROVIDENCE, N.J., Oct. 15, 2020 /PRNewswire-PRWeb/ -- EverythingBenefits, the provider of comprehensive, next-generation benefits technology solutions, today announced it has successfully implemented the LIMRA Data Exchange Standards (LDEx) with USAble Life, an "A" rated life insurance provider by A.M. Best.
LDEx was developed by LIMRA in collaboration with its Data Exchange Standards Committee, which consists of 42 companies representing 90% of the inforce non-medical workplace benefits market. It allows benefits administration technology companies to send coverage elections, changes and terminations, as well as non-coverage demographic changes to a carrier in a consistent XML format. Supported products include all life products, accidental death and dismemberment, critical illness, cancer, accident, dental, vision, hospital indemnity and short and long-term disability products.
EverythingBenefits' Chief Information Officer, Dmitry Korsunsky, said, "EverythingBenefits is committed to driving the best experience in benefits for each of its customers. LDEx allows us to provide a faster, more efficient, streamlined service to USAble Life customers ahead of the industry's peak season, and we recognize the strong vision of USAble Life's leadership team in making this possible."
USAble Life, one of the country's largest life insurers and eight-time Top 50 Life-Health Performer (Ward's) has partnered with EverythingBenefits for its end-to-end benefits technology solutions and services.
Rich Macy, USAble Life's Chief Operating Officer, said, "USAble Life's mission has always been to provide services that make a meaningful difference to our customers. Our ongoing partnership with EverythingBenefits and the implementation of the LIMRA LDEx will allow us to offer a truly valuable efficiency upgrade to USAble Life's customers."
The LIMRA LDEx provides a simplified framework with shorter processing times and reduced complexity that aims to deliver a faster and more accurate client experience, increased speed to market, and help managing bottom-line expenses.
About EverythingBenefits
EverythingBenefits is a leading provider of next-generation, end-to-end benefit technology solutions and services that help businesses of all sizes and their employees experience benefits in more meaningful ways. By leveraging an open business model, EverythingBenefits partners with benefit brokers, independent agents, insurers, payroll or human capital management companies, and other providers. The company's philosophy is that technology should make life simpler, more rewarding, and more enjoyable. For more information, please visit our website at http://www.everythingbenefits.com or connect with us via LinkedIn, Twitter, or Facebook.
About USAble Life
Headquartered in Little Rock, Ark., USAble Life is an ancillary insurance carrier offering group and consumer products, including life, disability, dental, accident, critical illness, and hospital. USAble Life employs 500 people with offices in Jacksonville, Fla. and Honolulu, Hawaii. USAble Life products are licensed to sell in 49 states and the District of Columbia. For more information, please visit USAbleLife.com.
About LIMRA
Serving the industry since 1916, LIMRA helps to advance the financial services industry by empowering nearly 700 financial services companies in 53 countries with knowledge, insights, connections, and solutions. Visit LIMRA at http://www.limra.com.
Media Contact
EverythingBenefits Public Relations
Phone: 800-689-3568
Email: [email protected]
SOURCE EverythingBenefits
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