Private benefit exchanges

The Private Benefit Exchange Index reached new milestones this month, with the number of employees surpassing 3 million and the number of lives covered breaking the 6 million mark.

Today, employers need support on many fronts that go beyond a competitive benefits plan, and tech is the glue that pulls these elements together, says Perry Braun.

Employees signing on to the PBE through their employer gain access to a unique package of discount coupons for movies, amusement parks, car rentals and sporting events.

Despite early successes, many large employers are reluctant to move employees to an online benefits marketplace.

Movie, restaurant and theme park discounts are among the incentives being offered by the marketplace operator.

Despite early successes, many large employers still reluctant to move employees to an online benefits market.

The directory provides information that employers, advisers, brokers and other benefit decision makers can use to research and compare online benefit marketplaces.

Some of the early entrants to the PBE market may plateau because their strategy to selling exchanges is flawed, says Frenkel Benefits’ Craig Hasday.

The strategy to sell exchanges as a product rather than a solution could lead to employer disinterest, says Craig Hasday.

Benefit plan sponsors continue to evaluate the best-use scenarios for PBEs, says exchange head James Harmon.