Private Exchanges

Employee Benefits are changing. Are you ready?

Experts agree that defined contribution health plans may replace defined benefit plans over the next decade. In fact, in 2012 the number of employees receiving benefits through defined contribution plans (private exchanges) was less than 1 million. This number is expected to exceed 40 million by 2018.

What is a Defined Contribution Health Plan?

The defined contribution approach enables an employer to fix their health care costs. The employer provides each eligible employee with a health care allowance to purchase benefits that fit their individual needs.

Why a Defined Contribution Approach works?

For an employer, you can finally predict and control what is spent on healthcare year to year. This approach puts you in the driver’s seat. Employees are typically unaware of what the employer spends on healthcare. With this model, they know exactly what it costs.

For employees, a tremendous benefit is having increased choice in health insurance plans, control over the benefit decisions, and the ability to personalize.

Private Exchanges make it possible.

You’ve decided on a budget and are ready to transition to a defined contribution strategy. Now what? You need a private exchange platform to tie it all together. A private exchange is a portal that enables your employees to compare plans, make educated decisions, become better consumers, and buy coverage.

FREE Private Exchange Guide


This document contains information on private exchanges.

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