|
San Francisco, CA — Thursday, August 30, 2001 — BenefitPoint, the leading Internet-based platform for
the distribution and management of group insurance and financial products, today announced announced that
CBCA Inc, an administrator of health benefit plans for self-insured employers, selected BenefitPoint's
eCommerce platform for managing the distribution of its health benefits products online.
BenefitPoint will enable CBCA to respond to request for proposals, process renewals and streamline carrier,
broker and employer interactions via the Internet.
CBCA will more efficiently provide its health plan administration services to more than 50,000 employees and
dependents through BenefitPoint's eCommerce platform. As a BenefitPoint connected carrier, CBCA utilizes the
Internet to procure its products and services with over 150 brokers and consultants in BenefitPoint's
distribution channel.
"Having rolled out BenefitPoint, we are excited about leveraging technology to gain a competitive advantage
in the employee benefits industry," said Tucker Taylor, President of CBCA Inc. "We plan to maximize the
power of the Internet to deliver our health benefit plans with the top brokers in the country in real-time."
"It is exciting to have CBCA on board with BenefitPoint, as they will realize multiple advantages with
procurement through the BenefitPoint platform," said John T. Scatterday, vice president carrier sales of
BenefitPoint, Inc. "BenefitPoint will provide the eInfrastructure and functionality that CBCA and its
brokers and consultants need to streamline their procurement workflows, improve communications, and provide
excellent service to mid-market employers."
About CBCA Inc.
CBCA Inc. is a full-service administrator of employer-sponsored self-insured health benefits. The Company's
real-time information hub serves more than 50,000 employees and dependents across the U.S. CBCA investors
include Trident Capital, ABS Ventures, and SOFTBANK Venture Capital. CBCA Inc. can be found on the web at
www.CBCAinc.com.
About BenefitPoint, Inc.
BenefitPoint delivers the leading Internet-based employee benefits infrastructure for the distribution and
management of group insurance and financial products. As the central nervous system of the employee benefits
industry, BenefitPoint provides a complete set of B2B services enabling benefits professionals to manage the
entire group health insurance and benefits lifecycle. We provide: client management, eProcurement, online
benefits communications, enrollment and administration tools, employee benefit and worksite products and
analytics and data mining.
Building on the existing industry relationships among carriers, brokers, employers, and employees, the
BenefitPoint solution combines the efficiency of the Internet with the established distribution model of
the insurance industry to eliminate paper, to make it possible to deliver more products and services, and
to make better information available.
Since general availability in February 2000, BenefitPoint has received widespread industry adoption
from regional and national insurance carriers as well as from more than 120 of the leading U.S.-based
brokerage and consulting firms. The company, headquartered in San Francisco, CA, can be reached at
415.277.5600 or at www.benefitpoint.com.
BenefitPoint, Inc. is privately held.
|