BenefitVault Inc. is a Philadelphia-based technology company offering an innovative payment solution for the insurance industry. BenefitVault has developed platforms to replace all the human inefficiencies in the process with cloud-based services. BenefitVault developed WorkSiteSimple for helping insurance brokers who service small to medium-sized business clients by developing a distributed marketplace.
Armia Systems recently developed one of the first open insurance enrollment exchange marketplaces, Work Site Simple. This online solution offers insurance coverage for employees of small and medium sized businesses by providing a self service selection of available plans, specific to each user.
Insurance brokers using the platform can set up and add enrollment appropriate plans for employees of small and medium-sized businesses while outlining the exact requirements, premiums and more for each option. In addition, they can also manage plan activity, track purchases, print spreadsheets composed of recent data and valuable reports, and more.
Search results are based upon factors such as age, policy types, providers, premium modes (monthly, biweekly and more) and customizable questions created by brokers.
The software automatically filters results based upon answers provided by employees when they use the system for discovering plans.
The team at Armia Systems created this platform by using iScripts MultiCart Enterprise as a foundation and customizing it to fit specific project needs, such as incorporating an advanced payment solution.
Open Insurance Enrollment Exchange Marketplaces, Search Results Based Upon Age/ Policy /Types/ Providers/ Premium Modes, Advanced Payment Solutions, Finance & Insurance, PHP, Linux, Apache, MySQL