After a successful beta phase, Pro-Tier announced the official launch of its groundbreaking platform designed to simplify and personalize employee benefits. Pro-Tier offers a unique approach to benefits by allowing employers to create customized subsidies that any employee can use for benefits, regardless of their full-time status. Employees are then able to choose the plans that best fit their individual and family needs, spanning medical, dental, vision, and retirement options. The platform addresses the complexities and limitations that are associated with traditional benefit packages, offering a streamlined and cost-effective solution for businesses of all sizes.
During its beta period, Pro-Tier garnered extensive positive feedback from both employers and employees, praising its intuitive interface, extensive plan options, and the flexibility it provides in managing benefits. While it has grabbed the attention of various companies in the hospitality and restaurant spaces, Pro-Tier created its platform with fitness studios in mind, and has gained significant traction with a variety of gyms and boutique fitness studios.
“The overwhelmingly positive response during our beta phase has validated our vision of a more flexible and employee-centric approach to benefits,” said CEO and Co-Founder, Sven Jensen. “Today’s official launch marks an exciting milestone as we expand our reach to empower more businesses and workers.”
Key features and benefits of Pro-Tier include:
- Employer-Defined Subsidies: Businesses can establish clear and manageable benefit subsidies that align with their financial goals.
- Employee Choice: Employees gain the autonomy to select the specific medical, dental, vision, and retirement plans that cater to their individual and family needs.
- Comprehensive Plan Access: Pro-Tier provides access to a wide array of Affordable Care Act (Obamacare) plans available through state and federal exchanges, alongside numerous private market options and retirement savings accounts.
- Subsidy Management: Employers can define rules for employee subsidy eligibility based on criteria such as employment duration, hours worked, or job roles.
- Tax Advantages: Employer costs are tax-deductible and employee subsidies are not taxed, offering significant financial benefits for both parties.
- Simplified Administration: Pro-Tier handles the complexities of paperwork and enrollment, freeing up HR departments to focus on other strategic initiatives.
- Integration of Multiple Employer Contributions: Employees with multiple employers utilizing Pro-Tier can consolidate subsidies into a single account and even add their own funds.
- Reimbursement for Medical Expenses: The platform now allows employees to utilize employer funds for approved medical expenses, further enhancing the value of their benefits package.
- No Platform Fees: Pro-Tier is free for both employers and employees. Revenue is generated through partnerships with insurance carriers.
“We’ve reached a point in time where the legacy benefits system is now a square peg trying to fit into a round hole. The modern workforce is significantly more dynamic than it used to be. The way we provide benefits to workers needs to be dynamic as well,” said Jensen.
He added, “it makes sense that we’ve been successful with clients in the fitness industry, where they employ salaried, contract, and hourly workers across single or multiple sites. For them, Pro-Tier has on average reduced employee churn by more than 30%. I don’t think there is a better metric of employee satisfaction. Simply put, happy and healthy employees are better for your business.”
Pro-Tier is a technology platform revolutionizing employee benefits. By enabling employers to create customized benefits-only subsidies, and empowering all employees to choose personalized plans, Pro-Tier simplifies benefits administration, enhances employee satisfaction, and provides cost-effective solutions for businesses of all sizes.
Unlike traditional insurance companies or brokers, Pro-Tier facilitates employee subsidies, empowering workers to choose the best benefits for their individual or family needs. As a result, businesses attract and retain the best talent, improve operations and profitability, and ensure that they are compliant with federal and state regulations.
Employers looking to enhance their profitability and reduce employee churn are encouraged to visit Pro-Tier.com to learn more and schedule a demo.
Pro-Tier was co-founded by Sven Jensen and Dorian Workman.
CEO and Co-Founder, Sven Jensen, has over twenty years of leadership, start-up and finance experience, having served in numerous executive and founding roles across Wall Street, asset management firms, and technology startups. A South African native, Jensen started his career at Cornell University with a degree in Finance and Business Management. He subsequently spent a number of years working as an investment banker in Manhattan, and later moved to San Francisco, where he continued his career in Finance. Jensen eventually caught the start-up bug and went on to work for and found several technology and other companies in the Bay Area. He is passionate about transforming our healthcare system and the way workers access benefits. An avid boater, fisherman, and water sports enthusiast, Jensen lives in Fort Lauderdale, FL with his wife, a Registered Nurse and Functional Medicine Health Coach.
CTO and Co-Founder, Dorian Workman began his career in his native Sydney, Australia, where he worked in Banking and Finance, specializing in software development. He later assumed software engineering and design roles at a number of US-based fitness companies, including CTO at F45 and lead Technology Consultant at D1 Training. Workman is dedicated to applying his unique blend of technical and business acumen to drive innovation in tech and health insurance solutions. Workman lives in Newport Beach, CA with his wife and daughter.
For more information about Pro-Tier’s flexible benefits platform, visit pro-tier.com.
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Pro-Tier
press@pro-tier.com
Pro-Tier