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Private Exchanges and Employer Implementation

Private Exchange Employer Implementation Outlook [ INFOGRAPHIC] Where are employers in the process of offering employee healthcare benefits through an exchange? 23.4% Still Learning 17% 6.4% Considering Already Using 54.5% 2014 2015 2016 of employers are familiar with private exchanges 26.9% 50% 23.1% Perceived benefits of private exchanges: Help employees make more cost-conscious benefit decisions 51.3% Offer a wider array of options for benefit plans 51.3% Lead to better employee understanding of benefit costs 43.8% Allow employers to continue offering benefits 36.3% Lower health benefit costs 23.8% Top attributes for offering health plans through an exchange: COBRA Compliance 35.3% Carrier Integration 33.6% Health Spending Accounts 33% Premium Payment Automation 29.2% Payroll Processing 26.7% Employers want an insurance exchange that includes: Plan and cost comparison tools 84.9% Online access 76.2% Combined benefit enrollment 61.1% Help line Consolidated employer billing services 47.6% Financial account options 56.3% 36.5% Cost tracking tools 27% Top information sources for learning about private exchanges: Independent research 53.2% Insurance brokers 53.2% Benefit consultants 48.4% Industry or trade association 30.2% Insurance carrier 26.2% Third party administator 5.6% Payroll company 19% © Copyright 2014. Healthcare Trends Institute. Healthcare Trends Institute Source: 2013 Healthcare Benefits Trends www.HealthcareTrendsInstitute.org Benchmark Study Sponsored by Evolution1

Private Exchanges and Employer Implementation

shared by healthcaretrends on Apr 23
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As ACA employer mandates continue to take effect, more employers are considering offering employee health benefits through private exchanges.

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Healthcare Trends Institute

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Health
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