Filed Under:Markets, Employee Benefits

Broker brethren give exchange advice

CHICAGO — In a room filled with dozens of brokers during a session Thursday at the Private Health Care Exchanges Conference on how to approach private exchanges, many of them spoke up with the same attitude: What’s the point?

As one audience member said, a previous panel of employers who have adopted them admitted they haven’t saved money, and many of them are just single-carrier exchanges.

As for getting involved in exchanges, they shared advice.

Big brokerage houses, who have opened up their own exchanges — such as Gallagher — are flourishing. But not every brokerage has to open their exchange — and many don’t have the resources to do so, at least yet. Partnering is also a good option, especially for small brokerages and for those that are eager to roll out an option soon, Mengert said.

Originally published on BenefitsPro. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

Nichole Morford
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