As the feds and state governments iron the second-year kinks out of the public health insurance exchanges mandated by the Affordable Care Act (ACA), a number ofconsulting firms, insurance carriers and trade associations have set up private exchanges that operate separately from Obamacare’s state and federal health insurance exchanges.
The 2014 Kaiser HRET Health Benefits Survey estimated that 2% of large U.S. employers have adopted private exchanges to provide health insurance for their employees.
Four percent of large firms that offer health coverage to their retirees were doing so through private exchanges. Within five years, between 20% and 33% of employers will participate.
In separate studies, consulting firms Accenture and Oliver Wyman have estimated that by 2018, private exchanges will provide health coverage for around 40 million individuals.
What are private exchanges?
Private exchanges, like the ...(register to read more)
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- Make sure you can justify salary differences
- DOL building pay database to spot discrimination
- Words matter at work: Beware these 5 'lightning rod' terms
- Can we withhold double the cost of unreturned equipment from employee's final paycheck?