In the past, voluntary benefits were often not put directly in front of employees mentioned in a one-off enrollment meeting or hidden on a companys intranet. But as private exchanges gain traction in the United States, many of them led by broker organizations, the platforms are primed to lead to a large increase in voluntary sales.
According to data from private exchange technology provider bswift, approximately 5% of all companies in the U.S. have joined a private exchange. Additionally, Eastbridge Consulting Group found 7-in-9 insurers including Aflac, Aetna and Humana intend to offer voluntary products on an exchange platform.
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access