Broad Reach Benefits, a leading consulting and employee benefits brokerage firm, recently launched a private exchange to help clients manage their employee benefits program. In addition to health insurance options, this online benefits portal will provide access to a wide range of benefits, including dental, vision, life and disability coverage from national and regional insurance carriers.
Built on a defined contribution chassis, the private exchange can position clients to save money by structuring their health benefits on a predictable, budget-based platform. The exchange, offered through Broad Reach Benefits, is easy to deploy and easily understandable by employees.
While the Broad Reach Benefits private insurance exchange will serve as an alternative to state exchanges, businesses will be able to take advantage of this exchange option prior to 2014 when the state exchanges are slated to begin offering coverage.
Broad Reach Benefits specializes in understanding what drives increased costs within our clients populations and provides a solutions-based approach that blends employee benefits consulting, diversified products, underwriting expertise and cutting edge technology. This strategy is designed to control costs, mitigate risk, enhance and support human resource teams and provide for the needs of employees and their families.