As a benefits technology provider, we’ve heard a lot of employers talk about the advantages of a benefits marketplace (or an “exchange”). And after being in the benefits business for more than two decades now, I’m happy to see how much exchanges have truly changed the way people are shopping for benefits — and in such a short amount of time. There’s a lot of work our industry has to do, as we continue to make the benefits process even easier and more seamless for employers and employees alike. And with healthcare consumerism and other economic forces driving big change, I’m very excited about where we’re heading.
Over the last year, our team has partnered with the Private Exchange Coalition (PEC), which is a strong alliance of other benefits technology vendors nationwide. The PEC promotes advocacy, ongoing community and stakeholder engagement, and regular policy and market analyses. We’re thrilled to be part of this group, and have already begun sharing ideas and best practices that will strengthen our industry and provide new and actionable insight for employers, brokers and consumers. Part of our collective work as members of the PEC is putting pen to paper and developing issue briefs that cover a range of hot topics in the benefits technology world. Our latest is one that I’m particularly proud as it addresses what we see as the two biggest disruptors in healthcare today: exchanges and the American consumer.
A lot more to come from the PEC in the next few months.