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Introducing Marketplace


Text says "Introducing Marketplace". Features a blue storefront icon. Background has light blue and white wave patterns; clean and modern.

How Simply Benefits is introducing additional benefits to members

While most benefit plans offer coverage for a variety of different kinds of benefits, not all circumstances a member might encounter are covered. Many members seek coverage for scenarios specific to the personal risks they face.


Some plans try to solve this problem by adding extra benefits, wanted by only a few, to overall plans being paid for by all. Increasing overall premiums on benefits that won’t be used by most members.


Members may also seek these benefits out on their own if unavailable through their group plan, which can get costly and confusing.


This is where Simply Benefit’s newest feature Marketplace shines.


What is Marketplace?

Marketplace gives the option to all members to purchase additional personal lines of benefit to fit their lifestyles and needs if they feel they need extra coverage. All managed through the Simply Benefits member app/portal, providing members with more control over their environments and a better user experience.

These benefits are member paid, as such if a member chooses to purchase a benefit the group’s benefit premiums will remain unchanged.


Navigating

Marketplace is easily accessible through the Simply Benefits Member Portal / App

Members need simply navigate to the home screen of their Member Portal / App, scroll down on the menu bar and click the shopping basket icon labelled “Marketplace”

The marketplace page provides all information on:

  1. Available products

    Text about Voluntary Critical Illness insurance by Allstate. Offers flat sum for major illnesses. Includes "Download Brochure" and "Buy" buttons.

Members can download virtual brochures for extensive information on each line of benefit


  1. Your Products

    Insurance summary showing "Voluntary Critical Illness" for Anthony Edwards with $20,000 coverage, $2.58/month fee. Total: $2.58/month.

    An active list of products a member has purchased and are active.


  2. Transaction History

    Transaction history table with dates, invoice numbers, amounts, and payment status. "Hide Transaction History" button.

Members can see all transactions on their account surrounding their marketplace purchases.

 

Current Marketplace Options include:

  1. Voluntary Life

Voluntary life insurance, provided through Desjardins Insurance, offers a tax-free lump sum payment to your beneficiaries in the event of your death. This coverage is available in addition to your group plan and provides the same advantages, including lower rates, no medical exams, and coverage that remains active even if your employment changes. Voluntary life insurance is available one month from eligibility.


  1. Voluntary CI

We can’t control every aspect of our health and it’s impossible to know what may happen. This benefit provides a lump sum payment for eligible members diagnosed with any of the illnesses covered under the Allstate schedule of benefits. Providing financial security in the event you encounter financial struggle due to critical illness. Voluntary CI is available one month from eligibility.


All voluntary benefits will become effective on the 1st of the following month after purchase.


The Positive Impact

Marketplace is a great way for members to shop for extra coverage they feel they would benefit from while also being a great tool employers can use to offer more benefit to members without paying extra premiums on benefits. Ensuring members of your group are aware of the new benefits available to them maximizes the positive impact provided by personalized options. The benefits industry is being revolutionized by the benefits of digitalization and simply benefits ensures everyone has best experience possible.

 

Interested in learning more?


We are happy to answer any questions you have

 
 
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