Private Exchange | benefitalign

Private Exchange

Benefitalign helps you take care of all of the challenges of setting up a private exchange.

In 2014 an estimated 12 million consumers will choose health insurance through health exchanges. In 2019, it is estimated that 28 million Americans will buy health insurance through this online channel.1 Public exchanges will play a role for some consumers, but employers are increasingly turning to private exchanges to provide their employees health care coverage – are you ready for the shift to private exchanges?

Private Exchanges can be complex to execute, especially when paired with a Defined Contribution model, so let the experts at Benefitalign guide you through the process of setting up a world class exchange for your employees.

Our robust self-service modules give you the tools to properly educate members about your products, help them find the choice that is right for them and streamline enrollment.

The Benefitalign platform supports both single and multicarrier options and can tightly integrate ancillary products for a seamless shopping experience for your employees. But the Benefitalign private exchange solution provides more than just the front end – our platform provides a complete end to end Private Exchange Solution.

On the back end, this out of the box solution can be rapidly customized to support unique products, eligibility and funding models including defined contributions.

 

Features & Capabilities

  • Shopping & recommendation support – Collect personal info, offer purchase guidance cost comparison tools to make consumer-specific plan recommendations.
  • Enrollment – Transmits enrollment data to legacy systems or stored in our CRM platform. Determines payroll deductions based on individual choices and contribution amounts.
  • Eligibility maintenance – Centrally manage member eligibility with rules engine. Provides ongoing access to manage life events and change requests, integrated with internal systems.
  • Billing and payment – Facilitates bill presentation and fund collection from individuals, employers, includes premium billing, aggregation, and reconciliation. Connects to legacy billing platforms.
  • Member support including call centers.

So contact us and get started today with a world class Private Exchange Solution from Benefitalign.

1 Lewis, Nicole. “Technology A Major Concern for Health Insurance Exchanges.” www.informationweek.com