United Benefit Advisors News and Press Releases

New Private, National Health Insurance Exchange Targets Small Group Employers

Posted by: Bill Olson    November 5, 2013 at 5:00 AM

Offered Exclusively through United Benefit Advisors Partner Firms, benefitbay™ is a First-of-Its Kind, Defined-Contribution Solution Serving the Small Business Market

Indianapolis, Ind., [Nov. 5, 2013] - United Benefit Advisors, the nation’s leading independent employee benefits organization, today announced the launch of benefitbay™, the second private exchange solution offered through UBA’s Exchange Marketplace. benefitbay™ is an online platform that allows employers with 50 or fewer employees – which account for 96 percent of all U.S. businesses -- to offer their workers the advantages of large group medical and ancillary insurance benefits with a wide choice of carriers, while allowing subsidy-eligible employees to go to government exchanges. Employers benefit from fixed costs, known as defined contributions, by choosing how much they will contribute­ -- a strategy gaining popularity for its ability to control benefits expenses through fixed costs.

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Topics: ancillary benefits, health care costs, health insurance, health insurance exchanges, ACA, health insurance premiums, employee benefits, health care reform, PPACA