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Online Benefit Procurement Process

PSA has exclusive access to a proprietary, online RFP system specifically designed to provide contract and spend management services for employee benefit programs.

The Employee Benefits experts at PSA strive to deliver the most sophisticated, forward-thinking ways to add value and save money for our clients. PSA has exclusive access to a proprietary, online RFP system specifically designed to provide contract and spend management services for employee benefit programs.

EB Spend Management Tool

View a screenshot of a live auction

Used by Fortune 500 companies since 2007, more than 1,300 contracts for 700+ employers covering 3.5 million employees and $2 billion in premium, have been listed on the system. Utilized for Life, Disability, Stop Loss, Pharmacy and Dental, the proprietary online process is designed to accommodate RFPs for all sized employers, regardless of complexity. System Features:

  • Live online inverse auction tool.
  • Every on-line RFP is a customized, detailed sourcing project which outlines your exact plan design and account services desired.
  • Puts the power in the hands of the consumer.
  • Achieves the lowest possible market pricing.

PSA uses this unique approach to procure benefits. It makes RFP results transparent and ensures the most competitive pricing for your organization.

Areas of Employee Benefits

Recent Blog Posts

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15th
How to Craft the Right Insurance Policy for Your Brewery

There are about 5,300 active breweries today across the U.S. That’s the most ever — and the number has increased sharply in just the last 10 years. If you’re a brewer, you already know this: The joy of brewing is not just about creating that perfect glass of ale; it’s also about seeing people enjoy […]

May
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Shackleton’s Leadership Lessons from the Bottom of the World

In 1914, Sir Ernest Henry Shackleton and his crew of 28 men set off for Antarctica to become the first people to ever cross the continent via the South Pole. He led the explorers on what is considered one of the greatest undertakings and leadership stories in recorded history. He called his expedition “The Imperial […]

Apr
26th
Final Rule Addresses ACA Marketplace Stability

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Apr
12th
Looking for top talent? Employers need to nail the interview.

If you were a candidate interviewing for a job, you’d probably receive the advice, “Preparation is key.” But even on the other side of the table — as an employer interviewing candidates for an open position — the same recommendation applies.