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MassMutual Introduces Integrated Employee Benefits Exchange

MassMutual announced Oct. 6 that it is launching BeneClick!, a unique, integrated exchange featuring a guidance tool that helps employees prioritize their retirement savings, health care and insurance protection benefits based on their individual life stages and then take action.

BeneClick! is being introduced through MassMutual’s distribution partners on a limited basis and will be available more broadly starting in mid-2016. Initially, through BeneClick!, MassMutual will offer access to retirement plan enrollment features and life insurance products, and expects to add additional insurance products such as critical illness and accident protection in 2016.

The exchange integrates MassMutual’s MapMyBenefits tool, which enables employees to prioritize their benefits choices, helping to make the most of each benefit dollar based on their life stages, financial goals and personal finances. This all-inclusive approach to workplace benefits combines retirement readiness, health care coverage and preparation for life’s unforeseen events.

The new exchange, an online marketplace for people to select their employer-sponsored benefits, is powered by Maxwell Health’s benefits technology platform. Maxwell Health built the first “Health as a Service” platform, an operating system for benefits that engages employees, incentivizes a holistic view of health, and provides a centralized place to access health and benefits services.

For information about MassMutual Retirement Services’ value-adds for advisors, visit their NAPA Partner Corner page.

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