Private Exchange

Learn more about this full-service solution for individuals to purchase health coverage through an online marketplace.

Benefits of Private Exchange

Lowered administration and broker fees for employers

  • Administration fees for small groups are three to four times higher compared to large group policies; exchanges will lower administration costs and broker fees significantly as the small group market shifts towards individual policies

More tailored coverage options for individuals

  • The larger individual market will create more purchasing power, increasing competition and creating more affordable coverage options for individuals

Enhanced user experience

  • Individuals can easily shop, compare and enroll in health plans through the private exchange marketplace, as well as access a resource center for guidance along the way

Predictable cost scenario for insurers

  • Defined contribution models create a fixed per employee per month (PEPM) cost scenario, so employers have a predictable monthly cost

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