Provide your employees with a Private Exchange resource to purchase the health insurance plan that best meets their needs and budget. Decide on a fixed amount “defined contribution” you’d like to contribute for benefits. You can even choose to contribute $0.
Just as every employee is unique, so are their benefit needs. Employers now have a way to address the different requirements of each employee, while also managing the company’s bottom line. That means cost control and predictability for the employer, and greater involvement and choice for the employee.
Employers create a private exchange account, choose the benefit plan options to make available, set up a defined contribution strategy, and allow employees to shop for their own benefits.
Request a Quote and we’ll give you an analysis and cost breakdown of how the private exchange might work for you and your employees.