Private Exchange

By November 8, 2017 No Comments

are marketplaces of health insurance and other related products. Employers purchase health insurance through the private exchange, and then their employees can choose a health plan from those supplied by participating payors. Employees then access a personal benefits portal and use the employer’s allocation to select the medical, dental, and other benefit options that best meet their family’s needs. There are decision support tools available to relieve HR of the responsibility to help employee’s make decisions.