Online Benefit Procurement Process

Live online inverse auction tool to get the most competitive pricing for your organization.

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.