This powerpoint presentation was first given at the SPBA Fall Meeting in 2013. Due to SPBA member requests, we asked the speaker to present this again through a webinar.
One of the most popular strategies being used by the major consulting firms to control cost for their clients is Private Exchanges. These are a throwback to the golden age of flexible benefits, with employees provided a fixed contribution for healthcare benefits and the ability to shop among a wide range of plan choices. For many TPAs, market growth and interest in Private Exchanges is not welcome, as most offer an insured product portfolio. Estimates are that over 1 million covered employees have enrolled in Private Exchanges.
- General overview of the structure of Private Exchanges and how they work
- A market overview, including the various Private Exchanges currently offered
- An overview of Private Exchange technology.
- A discussion about the viability of self-insured Private Exchanges and/or the role of third-party administrators.
- Expectations for the next 12-24 months.