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3 Features to Look for in a Private Exchange for Midsized Companies

downloaad the ebook - everything you need to know about private exchanges

Moving to a private exchange is a major benefits trend for employers this year - and it's a trend that will remain attractive to 2015, 2016, and beyond. Offering benefits through a private exchange or benefits marketplace can move employers toward a predictable financial model and help employees understand the true costs of their benefits.  

Can Voluntary Benefits Trends Help Attract and Retain Excellent Employees?

downloaad the ebook - everything you need to know about private exchanges

Recent polls in the U.S. government have shown a drop in the unemployment rate; other polls show a high turnover rate and people leaving their current jobs. What does this mean? Employers need to focus on attracting top talent – and getting them to stay. How? Voluntary Benefits offer one solution. 

5 Key Success Factors For Your Private Exchange

5 circle diagram of 5 private exchange success factors

Private Exchanges are a trending solution for employers that want to comply with Healthcare Reform, make paying for employee benefits more predictable, and retain talent by offering excellent benefits. But with private exchanges representing a very recent development, what are the key "must-haves" for a good implementation? Here are some improtant questions to ask when examining private exchange or benefits marketplace solutions: 

Is Recruitment One of Your Pay or Play Considerations?

Recruitment and Pay or Play

Earlier in February, the ACA Employer Mandate was extended for another year. Employers with 50 - 99 employees now have until 2016 to offer benefits to full time employees, giving many businesses more time to evaluate how they will offer insurance. Businesses everywhere breathed a sigh of relief, and promptly moved on. But one key consideration in the Pay or Play decision is being swept under the rug: Recruitment. How will smaller employers be able to attract top talent and grow their businesses if they're not offering competitive benefits packages?

FAQ - What Is A Private Health Insurance Exchange?

FAQ What is a private exchange
Health insurance exchanges continue to be a hot and trending topic for businesses and HR departments. They actually predate the ACA and public exchanges by a number of years, but recent reevaluating of benefits funding practices (coupled with compliance concerns) has made many businesses consider switching to one. But what is a private exchange? 

At its core, a private exchange is to open enrollment what online shopping is to the brick-and-mortar shopping experience: it's an online benefits enrollment experience. Private exchanges offer a consumer-friendly way for employees to "shop" for health insurance with an employer subsidy. These exchanges use technology to walk employees through their decision making process. In doing this, they can offer a wide range of medical plans at competitive prices. 

How to Get Employees to Actually Take Advantage of Voluntary Benefits

how to get employees to actually use voluntary benefits

Time and time again, employers offer voluntary benefits to their employees, and the employees either ignore the new offerings entirely or complain about the quality of their benefits. The employer and HR department are left scratching their heads… employees want more and better benefits, but don’t act on what’s being offered to them. How can you win in this situation? How can you get employees to actually take advantage of the voluntary benefits they’re offered?

ACA NEWS: Treasury Releases Delayed “Pay Or Play” Employer Mandate Regulations

Questions about Health Care Reform? Click Here to Speak With an Expert.

On Monday, Treasury Department officials announced that the ACA deadline for providing health insurance for full-time workers will be extended until 2016 for employers with 50 – 99 workers. This change will give these employers “a little more time to adjust to providing coverage,” according to a Treasury Department official. The update also included decisions on full-time employee definitions.

4 Ways Public and Private Insurance Exchanges are Different

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Public insurance exchanges have been getting a lot of attention - both good and bad. With all the talk of public exchanges, private exchanges have also been pushed to the forefront of employee benefits conversations. Private exchanges enable companies to consider alternative benefits funding models, empower employees, and offer an broader range of benefits options.

4 Reasons Why Employees Like Benefits Marketplaces

4 reasons your employees like benefits marketplace blog image

Private exchanges are becoming more and more popular for businesses every day, not only because they are beneficial for companies, but also because employees react positively to them. Why do employees like benefits marketplaces?

3 Ways To Approach Paying for Employee Benefits

3 approaches to paying for benefits blog image

Much has been made of recent news reports highlighting a slowdown in healthcare spending growth. Debates over the underlying reasons will continue, but it's important to note that the cost of healthcare is not decreasing, and that employers still face unpredictable rate increases for group health coverage. How can employers better manage costs and continue to attract and retain great talent for their organization - without breaking the bank? Exploring different funding options is a great place to start.

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