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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
Executive Order on ACA

Oct
17th
Executive Branch Takes Action on the ACA (Benefit Minute)

In the last week, the Trump administration has taken action to make changes to certain aspects of the Affordable Care Act (ACA).  This action includes two new interim final regulations that scale back the ACA’s contraceptive coverage mandate, an Executive Order related to association health plans (AHP), health reimbursement arrangements (HRA) and short-term limited-duration insurance, […]

Oct
11th
A day in the life of a PSA intern

This year, we have officially kicked off a summer internship program for the future generation of insurance professionals, which we’ve featured in an earlier post Growing Your Next Insurance Partner.

Sep
27th
Recent Court Cases Impacting Employee Benefits (Benefit Minute)

This issue of the Benefit Minute summarizes recent judicial activity which may affect employers and their benefit plans.

Sep
21st
Growing Your Next Insurance Partner – the PSA Intern Program

How long have you known your insurance agent? 10 years? 20? 30? For many people, you’ve known your agent a long time and see him or her as an integral part of protecting you, your family, your company, and ultimately, your ability to thrive.