According to a recent survey of midsize to large employers, nearly 1 in 4 respondents said that private exchanges could provide a viable alternative for their employees as soon as 2016.
In addition, the survey highlighted the main reasons why employers were considering this approach:
- 64% stated evidence that private exchanges can deliver greater value than their current self-managed model
- 34% stated adoption of private exchanges by other large companies in their industry
- 26% stated an inability to stay below the excise tax ceiling as 2018 approaches
(There is no doubt that as implementation of the Affordable Care Act continues to move forward, consideration of the excise tax will greatly rise in importance.)
Getting the Discussion Started
Has your company started the discussion process as to whether it should move to a private exchange model? Or do you perhaps feel frustrated by not knowing where to start?
This path is a relatively new one for many employers, and it involves a number of moving parts — including technology, communication channels, legislation, and more.
At CBG Benefits, our team of experts is here to provide guidance and answers on this topic. Whether you’d like to see online open enrollment systems that could possibly be used by your business, or if you’d just like to better understand what’s involved in the private exchange model, we’re here to help.
Please give me a call at 781-759-1222, ext. 110 to get the discussion started.