Private Benefit Marketplaces

For employers who want more control over their health care choices, private exchanges offer some clear benefits.

Private exchanges are run by private companies and, as such, they offer more health care choices for the employees of companies large and small.

Unlike public exchanges, private benefits exchanges offer a variety of vision, dental and voluntary benefits, along with other ancillary options, such as pet insurance and identity theft monitoring all in one online place, which allows employees to tailor a plan to fit their specific needs.

Additionally, private exchanges also offer the benefit of defined contribution. This means that employers can define their annual contribution budget, which insulates companies against the shifting costs of health care. Defined contribution also offers employees more freedom in how they choose to shop for coverage.

For employers who are concerned about great value and employees who want more health care plan options with added benefits, private exchanges are the way to go.

In addition to offering more health plan choices for employers and employees alike, private benefits exchanges also offer increased control over costs and a higher level of care for enrolled individuals.

Learn more about the benefits of commercial property & casualty insurance by talking with a Fairfield North Financial Network professional at 203-895-8568 or contact Fairfield North Financial Network.