Assurex Global Launches Private Exchange
COLUMBUS, OHIO – The Assurex Global Private Exchange offers a unique private health care marketplace for businesses as the Affordable Care Act approaches a Jan. 1, 2014 launch.
This national private exchange gives employers a wide range of administrative flexibility and employee health benefit options within the industry.
“This platform gives employers and their employees maximum choice in designing a benefits plan that works for them,” said Jim Hackbarth, president and CEO of Assurex Global.
In collaboration with a leading employee-benefits outsourcing partner, Businessolver, the Assurex Global Private Exchange allows employers to maintain a competitive advantage by offering best-in-industry benefits while removing the heavy lifting of benefits administration. The key advantages include:
- The ability to choose either a defined contribution or a defined benefits plan
- A prepackaged set of medical and ancillary benefits for employers and their employees
- Support for Affordable Care Act record-keeping responsibilities
- Business data integration that enhances the benefit administration experience
- Flexible decision support tools that make employee choice easier
Within the next five years, nearly 20 percent of employees nationwide are expected to get their health insurance through a private exchange, according to Accenture Research.
“The Assurex Global Private Exchange is the result of a team approach that involved several Assurex Global firms working together to develop a best of class solution,” said Robert Klonk, Oswald Companies CEO and Assurex Global board member. “It demonstrates the power of Assurex Global and how the combined resources benefit our firms and our clients.”
The Assurex Global Private Exchange offers national and regional insurance carriers, as well as a variety of ancillary options, such as vision, dental and voluntary product offerings. Depending on the market, specific plans and carriers may vary.
About Assurex Global
Founded in 1954, Assurex Global is an exclusive Partnership of the most prominent independent agents and brokers in the world. With more than $29 billion in annual premium volume and more than 600 Partner offices, Assurex Global is the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group. An international insurance powerhouse, the Partnership combines the local expertise and global reach of international brokers on six continents.