We occasionally get questions from brokers and employers about how they should setup their defined contribution funding arrangements. In a future post we'll share some of the general guidance that brokers can share with their clients. However, in this post we'll take a more technical approach, looking first at the regulations that apply to employers moving to a full defined contribution funding arrangement.
GetInsured2019-04-11T10:51:13-04:00Sunday, May 4, 2014|
With the cost of healthcare claims continuing to rise, there is increasing interest in private exchanges, according to a recent survey conducted by Wells Fargo Insurance, a national insurance brokerage firm and part of Wells Fargo & Co. The survey of more than 70 insurance companies nationwide showed that rising healthcare premium costs are forcing employers to find new ways to control costs while maintaining and improving the health risk of their employees.
The question over where small groups will land in the insurance exchange marketplace remains top of mind across the health insurance industry. “Most of the attention to date has been on large employers, but small and midsized employers actually stand to gain the most value by participating in exchanges,” according to Booz and Company. And, the opportunity for health insurers to tap into this market with a private exchange offering is sizeable.
Paul Neutz2019-04-11T10:51:14-04:00Thursday, January 30, 2014|
One of the recurring themes at the Consumer-Driven Healthcare and the Private Marketplace Conference in Scottsdale, AZ last week was the idea that a private exchange should be thought of as a “front door” to the healthcare system, rather than a finite destination. What does that really mean?
GetInsured2019-04-11T10:51:14-04:00Thursday, January 9, 2014|
“Easy.” We often hear from our customers that MyBenefits – a private health insurance exchange software platform built by Array Health – is “easy to navigate” and “easy to use.” From a client services standpoint, this is music to our ears. Health insurance is complicated. We want our customers to feel confident throughout their shopping experience on MyBenefits and we want them to feel comfortable returning to the site at any time to access their insurance information.
Every year around this time, analysts, consultancies, and human capital researchers publish a barrage of annual reports on employer-sponsored health benefits. Array is keeping a close eye on movement and trends in this space, and there's certainly no shortage of reading material or data.