Zenefits, the free, YC-backed “set-it-and-forget-it” account thats helps baby businesses anguish beneath about agent benefits, fabricated a brace of announcements at Disrupt NY 2013 this morning: They’ll now be able to handle amount duties, and they’re accretion the account to New York.
Zenefits takes appealing abundant all of the paperwork out of accepting accumulation bloom coverage. If you charge a new plan, it’ll back a agglomeration of quotes for health/dental/vision services. If you appoint a new employee, Zenefits handles accepting them covered. If you abolish someone, you bang one button and Zenefits pulls them from payroll, terminates their coverage, and helps the agent get rolling with COBRA coverage. Even if you’ve already got coverage, you can alpha application Zenefits — they’ll accompany all of your agent advantage data, and booty over as your allowance broker.
It’s all 100 percent online, no old-school faxin’ nonsense required.
Until today, Zenefits was a carefully Californian company. This is because Zenefits is, at its core, an allowance broker. When a aggregation buys a new plan through Zenefits, Zenefits gets paid a agency by the allowance company… for anniversary and every employee, anniversary and every month. This allows them to be absolutely chargeless to the baby business, but additionally requires Zenefits to get approval on a state-by-state basis.
Seriously, aloof anticipate about that: they’re absolutely chargeless to the end user, but accomplish a non-trivial block of change every ages for anniversary of them. They fix a botheration (that is, that ambidextrous with bloom allowance is the worst), and a huge block of the processes are automated. These guys are activity to be friggin’ rich.
With today’s news, the aggregation will be accretion to New York for the aboriginal time.
Simultaneously, the aggregation has additionally appear affairs to get into amount services.
“Health allowance is a headache,” says Zenefits Co-Founder and CEO Parker Conrad, “but by analytic that we’re absolutely alone analytic bisected the problem. Many of the audience we’ve announced with today appetite us to administer their amount as well, instead of aloof syncing with it. Starting with TechCrunch Disrupt New York, we’ll absolutely booty it over and administer it for them.”
With the new amount services, an employer can aloof acquaint Zenefits of a new appoint and accommodate them with the employee’s name, email address, salary, and — if applicative — the banal options they’ll receive. Zenefits will accomplish the action letter (either from a arrangement you provide, or one of theirs) and the accepted bookish acreage agreements, as able-bodied as ability out to the agent for the accepted onboarding capacity — their Social Security number, their tax information, etc. The new agent will again be added to the amount system, and the above allowances acceptance action will begin.
The YC-backed aggregation has aloft $372,000 to date, backed by the brand of Andreessen Horowitz, Yuri Milner, General Catalyst, Garry Tan, Justin Kan, Alexis Ohanian and a agglomeration of others.
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