HOPKINTON, Mass., Feb. 18, 2019 /PRNewswire-PRWeb/ -- PrismHR, the leading HR software platform for human resource outsourcing (HRO) service providers, today announced a new partnership with EverythingBenefits. Through the partnership, PrismHR will offer its network of service providers access to EverythingBenefits' COBRA Administration solution via PrismHR Marketplace.
EverythingBenefits offers a full-service COBRA Administration solution that enables customers to track qualifying events, meet coverage requirements, reduce non-compliance fees, and monitor and report adjustments in real time.
"COBRA non-compliance is a huge issue that HRO's face on a regular basis, with costs for inadvertent failures ranging from 10 percent of premiums to as much as $500,000," said Kraig Sanders, manager of strategic partnerships at PrismHR. "Our customers are excited to have access to a quality COBRA Administration solution that will streamline the delivery of COBRA benefits and improve compliance."
"EverythingBenefits is excited to join forces with PrismHR to deliver the next-generation COBRA Administration experience to PrismHR's extensive network of HROs. This reflects our commitment to deliver the best of breed solutions to corporate consumers seeking to reduce their compliance risks while reducing the operating footprint," said Rachel Lyubovitzky, CEO of EverythingBenefits.
EverythingBenefits COBRA Administration is seamlessly integrated with the PrismHR platform. PrismHR customers can learn more about EverythingBenefits by visiting the company's PrismHR Marketplace page.
PrismHR creates exceptional software and services, empowering human resource outsourcing service providers such as Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs) to deliver world-class payroll, benefits and HR to small and medium sized businesses. PrismHR software is used by more than 88,000 organizations and 2.2 million worksite employees, processing greater than $57 billion in payroll each year. For more information, visit http://www.prismhr.com.
EverythingBenefits is a leading provider of benefits technology and services, committed to creating and delivering next generation end-to-end benefits platforms that include COBRA compliance and administration software. This can be deployed as a standalone solution or in conjunction with other EverythingBenefits solutions. The company's philosophy is that technology should make life simpler, more rewarding, and more enjoyable. For more information, please visit our web site at http://www.everythingbenefits.com or connect with us via LinkedIn, Twitter, or Facebook.