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.
We created the infographic below to help insurers understand the true market opportunity and shed light on why their small group customers will find single-insurer private exchanges advantageous, including:
- Opportunity for containing health insurance costs
- Ability to offer their employees a wider range of benefits
- Lower the administrative burdens
A single-insurer private exchange can help meet all these goals and more.
Insurers are seeking ways to retain their small groups and help them meet all the requirements of the Affordable Care Act (ACA). A single-insurer private exchange can help them manage those challenges, while also driving small group business growth.