Whether you’re planning to use a benefits marketplace platform to serve individual, group, or both markets, you need meaningful information to effectively and objectively evaluate vendors.To get you started down the right path, hCentive has created a checklist that can be used to compare the various benefits marketplace platforms available. This checklist includes the questions you should be asking, plus non-negotiable marketplace features and functionality needed to best manage your business. Ultimately the checklist will help you determine which vendor would be the best-fit for you.
Benefits administration is an onerous task for businesses of any size, and the passage of the Patient Protection and Affordable Care Act (PPACA) has added a further layer of complexity to the process, particularly for small and mid-size companies. Whereas once employers had the freedom to decide whether or not to offer health care to their team, now businesses with 50 or more workers are bound by a federal mandate to provide insurance coverage. For SMBs, the added expense of benefits plans combined with the resources needed to administer programs successfully can have a dramatic impact on the bottom line.
Healthcare costs are increasingly unsustainable for employers and employees. Could an entirely new approach—one that leverages a benefits platform to reach employees when and where they make healthcare decisions—help bend the trend?y