PlanSource Signs Agreement to Add Sun Life Products to its Benefits Administration and Healthcare Exchange Offerings

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Orlando, FL – June 2, 2014PlanSource, a cloud-based provider of benefits administration, exchange, payroll, and HRIS solutions to employers, announced that it is has signed a partnership agreement with Sun Life Financial Inc., a leading international financial services organization, to add Sun Life products to PlanSource’s benefits administration and MyPlanSource healthcare exchange offerings.

Through the PlanSource Advantage Program, Sun Life will offer its representatives and partner brokers a simplified, single-source benefits administration platform that includes online enrollment options at any time, advanced decision support, and an employer HR administrator portal that provides a number of best-in-class billing, reporting, and employee communication features. With the PlanSource Advantage Program, brokers and employers will be able to offer Sun Life products to employers at preferred rates.

“We are excited to add Sun Life to our PlanSource Advantage Program,” said Mark Tycksen, Vice President of PlanSource Advantage Program. “PlanSource has a proven track record of delivering new business and high participation rates to our carrier partners. Adding a company like Sun Life will help us and our broker partners deliver a more comprehensive offering with better choices to employers and employees.”

“We are always looking for opportunities to extend our product reach with partners who have great technology and solid market presence,” said Armand Wray, Sun Life’s Director, Enrollment Solutions. “PlanSource’s proven benefits administration platform seemed like a natural fit for us and will help us stay well-positioned to reach consumers in the most effective way.”

About PlanSource

PlanSource is a cloud-based, on-demand software provider that revolutionizes the way healthcare and employee benefits are bought, sold and managed with a comprehensive array of integrated services including benefits administration, decision support, payroll, and HRIS technology. PlanSource technology solutions are delivered through strategic insurance carriers, brokers and exchanges who partner with PlanSource in order to increase their retention rates, revenue, and the overall value they bring to their customers.