Private benefit exchanges

Many of the private health care exchanges on the market today are adopting hybrid models of benefits administration and benefits enrollment, says Scott Carver, president of PlanSource, a cloud-based benefits exchange provider. The company operates its own proprietary exchange and a white label solution that builds exchanges for third parties. EBA spoke with Carver about what makes exchanges unique and his predictions for exponential growth in the field.

Benefit Advisors Network partners with exchange firm to help clients get coverage for benefit-ineligible employees.

Time Inc. joins the ranks of big-name companies using a private exchange for active employees. The company has selected Towers Watson’s OneExchange to deliver medical, prescription drug, dental and vision benefits to its full-time active employees and their dependents for the 2015 year.

Some industry research has suggested that private exchanges will transform themselves into a clogged eight-lane freeway teeming with traffic within the next few years from a lonely country road less traveled today. But a recent published report argues that some of the nation’s top employers are now adopting a cautious approach.

As many as 6 million U.S. taxpayers will have to pay a penalty of as much as 1 percent of income because they went without health insurance in part or all of 2014, the Treasury Department said.

Brokers cite rate increases, increased complexity and poor plan quality as top concerns with the health care law.

When it comes to private exchange operators, Array Health differs from most, in that the technology company powers many insurers’ private exchanges, including Highmark Blue Shield in Pittsburgh and Blue Cross Blue Shield of Arizona. The company’s CEO shares how private exchanges are changing the way health care is sold in the United States.

Advisers share why they entered the private exchange business and key players detail how to help employer clients chose the right exchange.

The advent of private and public health care exchanges has expanded employers’ horizons to consider subsidizing pre-Medicare eligible retiree health benefits through the individual market.

Benefitfocus' Shandon Fowler shares about his company, which provides the technology behind the private exchange offerings of top players like Aetna and Mercer.

The New Year marks a start for ACA compliance, and while many employers struggle to comply with the specifics, it’s a good reminder to focus on where you are now and how you plan to move forward.

Early next year, the Supreme Court is scheduled to hear oral arguments in a case that labor law and health care benefit advisers say could affect the Affordable Care Act’s strict employer mandate penalties.

Early next year, the Supreme Court is scheduled to hear oral arguments in a case that labor law and health care benefit advisers say could affect the Affordable Care Act’s strict employer mandate penalties.

The use of private health insurance exchanges may boom in the next three years if employer sentiments in the latest survey from the Private Exchange Evaluation Cooperative hold true.

To really dig deep into private exchanges, it would behoove employers to understand some of the characteristics different exchanges offer.

The ACA and private exchanges could change the game when it comes to employer-sponsored health coverage. Sharon Goodman, principal at Slevin & Hart, and the International Foundation for Employee Benefit Plans provide eight areas employers need to look at when considering a private exchange. [Images: Fotolia]

The private and public exchanges offer employers an opportunity to help manage costs and provide personalized benefits, but there is no one-size-fits-all solution, industry experts say.

Many employers are turning to private health care exchanges to rein in costs — and benefit consulting firms are reaping the benefits, according to a new report from Moody’s Investor Services.

Experts from Aon Hewitt and Digital Insurance who have private exchanges say communicating early and

Digital Benefit Advisors launches a private exchange in Vermont, with plans to expand to a handful of states within 90 days, a company executive told Employee Benefit Adviser Tuesday.