The CheckPoint HR Blog

Top 8 Private Exchange Features Important to the Consumer & Shopping Experience

Posted by Julianne Durante on Wed, Jun 18, 2014

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Topics: employee benefits, Private Exchange

3 Features to Look for in a Private Insurance Exchange

Posted by Julianne Durante on Wed, May 28, 2014

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.

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Topics: Private Exchange

10 Private Exchange Features Important to Employers Like You [Stats]

Posted by Julianne Durante on Tue, May 6, 2014

A recent study by the Private Exchange Evaluation Collaborative (PEEC) found that 45% of employers have implemented or plan to consider a private exchange for active, full-time employees before 2018. As the private exchange landscape develops, it's these employers who dictate the features that are critical to private exchange selection.

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Topics: employee benefits, Private Exchange

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

Posted by Julianne Durante on Thu, Mar 27, 2014

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.  

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Topics: employee benefits, Private Exchange

4 Ways Public and Private Insurance Exchanges are Different

Posted by Julianne Durante on Thu, Jan 23, 2014

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.

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Topics: employee benefits, Private Exchange, Benefits Marketplace

4 Reasons Why Employees Like Benefits Marketplaces

Posted by Julianne Durante on Fri, Jan 17, 2014

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?

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Topics: employee benefits, Private Exchange, Benefits Marketplace

HR Goes Digital: 2014 Trend

Posted by Julianne Durante on Wed, Jan 8, 2014

Do you spend a lot of time with paper? Completing and keeping track of paper-based forms, documents, and notes can be a huge time-suck. In 2014, take the time to investigate what areas of your work life can be moved to digital systems. 

Organize your life

For documents, notes, and more, investigate a cloud-based system like Dropbox, Evernote, or Microsoft’s One Note.

These help you keep track of everything you need, wherever you need it. Look for a tool that lets you organize documents into folders, use tags, and search easily. You’ll find that it’s much faster to search digital notes than to rifle through stacks of papers.

Digitalize your Benefits

Using online open enrollment (or even a private exchange!) is another way to “go digital” and cut down your to do list. Moving the enrollment process online removes the need for endless paperwork and can make the enrollment process faster. 

Benefits Marketplaces, a special kind of private exchange, focus on delivering employees unprecedented choice over their benefits package. With a Benefits Marketplace, employers can offer a wider range of medical plans and voluntary benefits, which allows companies to entertain competitive bids from many carriers, serve more diverse employee needs, and build employee empowerment. 

Moving to a private exchange can help reduce the administrative load for HR departments, especially over traditional paper-based enrollment processes. Because private exchanges and benefits marketplaces are web portals, they allow for easy data flow. 

One caveat: if you do not select a marketplace with ongoing administrative support for the many benefits you’re offering, you could end up increasing your post-enrollment workload (causing your to-do list to grow instead of shrink). Here are some qualities to look for in a private exchange.

The Takeaway:

Paperless systems and digital documents can save you - and your employees - precious time and energy. 

 

How are you "Going Digital" this year? Join on the conversation in the comments...!

 

Click Here to Download 2014 HR Trends

 

2014 HR Trend:Going Digital
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Topics: Private Exchange, Benefits Marketplace, HR Trends

2014 HR Trend Alert: Defined Contribution Health Plans

Posted by Denise Bauwens on Mon, Jan 6, 2014

It is no secret that over the past decade the rate of increase for medical insurance premiums rose much faster than income. The national average shows premiums rose 4.9% over the past year… 29.9% over the past five years! So how are businesses handling theses increased costs? What effect is healthcare reform going to have on these trends? 

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Topics: Private Exchange, Benefits Marketplace, HR Trends