What are the benefits of Private Exchanges? What barriers do employers face in the implementation, and where are employers seeking advice regarding these tools? A new infographic based on a 2013 study shares the following: Where Do Employers Stand in Private Exchange Implementation? What benefits do Employers See surrounding Private Exchanges? What Attributes do Employers Seek from Private Exchanges? Where are employers seeking advice about private exchanges?

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