Private Exchanges: Employer Implementation and Trends
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Transcript of Private Exchanges: Employer Implementation and Trends
Private Exchange Employer Implementation Outlook
[ INFOGRAPHIC ]
Where are employers in the process of o�ering employee healthcare benefits through an exchange?
54.5%of employers are familiar with private exchanges
23.4%Still Learning
17%Considering
6.4%Already Using
26.9% 50% 23.1%
Perceived benefits of private exchanges:
Help employees make more cost-conscious benefit decisions
O�er a wider array of options for benefit plans
Lead to better employee understanding of benefit costs
Allow employers to continue o�ering benefits
Lower health benefit costs
51.3%
51.3%
43.8%
36.3%
23.8%
Employers want an insurance exchange that includes:
Plan and cost comparison tools
Online access
Combined benefit enrollment
Help line
Consolidated employer billing services
Financial account options
Cost tracking tools
84.9%
76.2%
61.1%
56.3%
47.6%
36.5%
27%
Top attributes for o�ering health plans through an exchange:
COBRA Compliance
Carrier Integration
Health Spending Accounts
Premium Payment Automation
Payroll Processing
35.3%
33.6%
33%
29.2%
26.7%
Independent research
Insurance brokers
Benefit consultants
Industry or trade association
Insurance carrier
Third party administator
Payroll company
53.2%
53.2%
48.4%
30.2%
26.2%
19%
5.6%
www.HealthcareTrendsInstitute.orgSource: 2013 Healthcare Benefits Trends
Benchmark Study
© Copyright 2014. Healthcare Trends Institute.
Sponsored by Evolution1®
Top information sources for learning about private exchanges: