Confused by all the talk going around about private health insurance exchanges? The broadest definition of an exchange is any forum in which something is given or received in return for something else. In a private benefits exchange, employees exchange funds -- a defined amount provided by their employer, their own, or a combination -- for benefits that best fit their needs and those of their dependents.

Driven by an ongoing need to control the costs of your benefit programs, private insurance exchanges have become an increasingly attractive option for providing these benefits to employees. Many companies are offering private health benefits exchanges, but Mercer Marketplace goes beyond this to include other non-health benefits such as auto, home and pet insurance. Mercer is the only firm that provides a full range of exchange-related services that are appropriate for employers of different sizes. Built on Benefitfocus’ cloud-based technology platform, Mercer Marketplace^SM  private exchange benefits employers, both those with 100 employees, those with more than 100,000 employees and all in between.

MERCER MARKETPLACE ... EMPOWERING BENEFITS       

Working with Mercer to implement a private insurance exchange will enable you to:

• Reduce costs
• Simplify administration
• Empower employees
• Receive exceptional value

OTHER SOLUTIONS

Private insurance exchanges are not new to Mercer.  Mercer also offers myCustomHealth^TM, a Retiree Medical Exchange to companies with at least 500 retired employees and spouses.

Other related solutions include:

• Mercer Health Advantage^SM : Customized provider networks and clinical care management for self-funded employers with at least 3,000 covered employees
• Mercer Pharmacy Collectives: Buying coalitions that provide robust clinical oversight by Mercer consulting pharmacists and best-in-class financial terms
• Mercer Stop Loss Coalition: Access to cost-effective stop loss coverage and an opportunity to share in overall coalition profits
• Mercer Voluntary Benefits: Employee-paid benefit programs