When evaluating the merits of a private exchange, one industry insider suggests pursuing an overall financial strategy built around achieving true savings rather than simply shifting costs onto employees a warning that has been sounded for years in the traditional marketplace.
Sherri Bockhorst, a principal of health and productivity and leader of the health exchange solutions division of Buck Consultants at Xerox, detailed four key areas employers should investigate when conducting an analysis of private exchanges. Her recent WorldatWork commentary recommended that employers carefully review the breadth of services offered, the self-funding vs. fully insured model, a defined contribution buy-down and benefit limitations to help avoid a major disruption to employees lives.
