StoneMor Partners L.P. Enhances Nationwide Benefits Program with Benefitfocus

CHARLESTON, S.C.--(BUSINESS WIRE)--

Benefitfocus, Inc. BNFT, a leading provider of cloud-based benefits software solutions, announced today that StoneMor Partners L.P. will offer its employees additional financial protection with a voluntary benefits package provided by the BENEFITFOCUS® Benefitstore through BENEFITFOCUS® Marketplace. StoneMor will also provide employees with access to additional benefits assistance through BENEFITFOCUS® Benefits Service Center.

StoneMor is the second largest owner and operator of cemeteries and funeral homes in the U.S., servicing thousands of families in a caring, personalized manner across 400 locations in 28 states and Puerto Rico. In 2014, the company implemented the Benefitfocus Marketplace to better support benefits enrollment and communication as it prepared to introduce a consumer-directed health plan (CDHP) to its geographically dispersed workforce of more than 3,000 employees.

Additionally, StoneMor selected the Benefitstore service to deploy a comprehensive voluntary benefits strategy to support the health and financial needs of its employees. Benefitfocus will conduct a demographic analysis of the StoneMor workforce to determine, from a catalog of leading voluntary benefit providers, the appropriate mix of products for StoneMor to offer. These products will then be integrated into the Benefitfocus Marketplace enrollment workflow, giving employees a single workflow to decide on supplemental coverage at the same time they're choosing core medical coverage.

"We knew that in introducing the CDHP, we had to provide the right education for our employees," explained Gina Mack, director of benefits and administration at StoneMor. "The Benefitfocus Marketplace made the initiative a reality for us, and we're very excited to take it a step further with the Benefitstore. The Benefits Service Center will be another value add for our employees as they navigate the new benefits options we are rolling out."

A team of Benefitfocus Benefits Service Center associates will be available to assist StoneMor employees during their upcoming open enrollment as well as throughout the year. The Benefits Service Center team is trained in StoneMor's unique benefits plan, so employees can get the answers they need regarding their benefits options.

"We are excited to provide StoneMor the tools that will give their employees the transparency and knowledge they need to become more informed healthcare consumers," said Benefitfocus CEO Shawn Jenkins. "With the right information, planning for the future is easier, and that's the end goal of our technology – empowering more informed decisions so that employees can protect their health and wealth."

About Benefitfocus

Benefitfocus, Inc. BNFT is a leading provider of cloud-based benefits software solutions for consumers, employers, insurance carriers and brokers. Benefitfocus has served more than 25 million consumers on its platform that consists of an integrated portfolio of products and services enabling clients to more efficiently shop, enroll, manage and exchange benefits information. With a user-friendly interface and consumer-centric design, the Benefitfocus Platform provides one place for consumers to access all their benefits. Benefitfocus solutions support the administration of all types of benefits including core medical, dental and other voluntary benefits plans as well as wellness programs. For more information, visit www.benefitfocus.com.

About StoneMor Partners L.P.

StoneMor Partners L.P., headquartered in Levittown, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 304 cemeteries and 102 funeral homes in 28 states and Puerto Rico. StoneMor is the only publicly traded death care company structured as a partnership. StoneMor's cemetery products and services, which are sold on both a pre-need (before death) and at-need (at death) basis, include: burial lots, lawn and mausoleum crypts, burial vaults, caskets, memorials, and all services which provide for the installation of this merchandise. For additional information about StoneMor Partners L.P., please visit StoneMor's website, and the investors section, at http://www.stonemor.com.

Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: the need to innovate and provide useful products and services; changes in government regulations; the immature and volatile nature of the market for our products and services and other factors that could impact our anticipated growth; management of growth; fluctuations in our financial results; general economic risks; reliance on key personnel; our ability to compete effectively; our ability to maintain our culture and recruit and retain qualified personnel; privacy, security and other risks associated with our business; and the other risk factors set forth from time to time in our SEC filings, copies of which are available free of charge within the Investor Relations section of the Benefitfocus website at http://investor.benefitfocus.com/sec.cfm or upon request from our investor relations department. Benefitfocus assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

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