In recent years, private benefits exchanges have experienced a massive increase in interest. In fact, experts predict that between 25% and 30% -- or more -- of employers will move to private exchanges by 2018. Driven by employers' ongoing need to control benefits costs while still delivering benefits value to employees, private exchanges are an increasingly attractive strategy for providing benefits. In just a couple of years, private exchanges have gone mainstream.
However, knowing that a private exchange has savings potential is not the same as knowing which exchange is right for your organization. It's important to look at the specific characteristics of exchanges to determine how they can (1) maximize your organization's potential savings and add the most value for your employees and (2) deliver both short-term results and the ability to sustain those results over time.
We invite you to join CFO Research Director Chris Schmidt, as he discusses recent insights into the CFO's expanding role in managing health and benefits costs, and Mercer Marketplace Active Exchange Leader Eric Grossman, as he discusses how private exchanges can deliver on their cost-savings promise. Eric will identify specific sources of savings by sharing recent open enrollment and renewal data from Mercer Marketplace's more than 150 Active Exchange employers.