“I’m seeing the run to spreadsheeting,” said Rhonda Marcucci, owner and consultant at Gruppo Marcucci, to brokers during a session at the Workplace Benefits Summit in New Orleans on Monday. She told brokers to not rush to rank private exchanges because they “all have different value propositions” and noted that “it’s better to consult with clients about what they need” and lead them to the correct exchange for them.
Marcucci led a panel about the common traps with private exchanges that brokers should be aware of for their clients. She emphasized that it’s a pretty “messy” area right now, but could grow to be a $17 billion industry in just a few years.