Private Exchanges

Due to the Affordable Care Act, many are now aware of what are called "public exchanges.” Public exchanges are when every day consumers purchase medical coverage and have options from multiple carriers giving them a choice in their health care.

Similar to the public exchanges, we now can provide platforms to employers to give their employees added consumer choice. In addition, employers can benefit from fixed costs, known as "defined contributions,” by choosing how much they will contribute¬ -- a strategy gaining popularity for its ability to control benefits expenses over an extended period of time.

Williams-Manny offers 2 private exchanges - one for companies with 50 or fewer employees and another for 51 employees and larger. For companies under 50 employees, our exchange provides employers with greatly simplified enrollment and administration.  Our online portal guides employees earning lower wages or salaries to help determine if they may be better off going to a government exchange. Your employees can leverage our exchange platform for premium ancillary benefits the employer chooses, such as vision, dental, disability, life insurance, hospital indemnity and more, at affordable rates.

For companies with 51 or more employees, our private exchange capabilities expands the number of carriers from which employees can purchase health care, including Aetna, Cigna, Blue Cross and more, with monthly premiums paid from pre-tax dollars and employers making defined contributions to pay part of the bill.

Benefit offerings include major medical and pharmacy, as well as ancillary (or voluntary) benefits such as dental, vision, life, disability and critical illness. Wellness programs will also be available and customer care support is provided for all participants.

Williams-Manny private exchange solutions give employers the power for employees to enroll in and monitor their health plans, and also to receive guidance with minimal employer assistance. Our exchanges also allow employers the opportunity to move to a defined contribution approach.