Mercer signs up 52 employers for its private exchange platforms, including Petco and Kinder Morgan
15 10월 2013 - 10:10PM
Business Wire
- 33 employers will offer Mercer
MarketplaceSM active exchange for 2014, ranging in size from 100 to
30,000 employees from more than 15 industries nationwide
- An additional 19 employers are offering
Mercer’s Medicare retiree exchange solution
- In total, Mercer exchanges will cover
some 200,000 employees, retirees, and family members for 2014, with
many additional employers expressing interest in adoption for
mid-2014 or January 2015
- Mercer Marketplace is a solution for
employers with self-insured or fully insured plans
Mercer has signed up 52 employers to offer a comprehensive range
of benefits through Mercer’s private exchanges for the 2014 plan
year. These employers include Petco and Kinder Morgan. Mercer
anticipates that the exchanges will cover 200,000 employees,
retirees, and family members next year. The 52 employers range in
size from 100 to 30,000 employees and represent more than 15
industries.
“We’re delighted that Petco and Kinder Morgan as well as so many
other leading employers are choosing to offer benefits through
Mercer’s private exchanges for 2014," said Julio A. Portalatin,
Mercer’s President and CEO. “This speaks to their recognition that
Mercer’s exchange offerings provide the opportunity to manage their
costs, simplify plan administration, and offer employees and
retirees a range of benefits to meet their needs.”
Thirty-three early adopters have chosen Mercer Marketplace,
Mercer’s private exchange for active employees, to offer in 2014 a
range of medical, dental, life, disability, and other voluntary
benefit choices. In addition to Petco, some of the employers that
will also offer Mercer Marketplace to their active employees
include DineEquity (parent company of Applebee’s Neighborhood Grill
& Bar® and IHOP® restaurants), Addison Group LLC, Cosentry, PAS
Technologies Inc., Sanborn Map Company, Surgical Specialties
Corporation, Kraus Flooring, and Vistronix. The employees covered
under these 33 active plans total 75,000 and including dependents
the number of individuals covered is anticipated to be 165,000.
Nineteen employers have chosen Mercer’s Medicare solution, which
Mercer offers through either Optum’s myCustomHealthTM private
exchange platform or UnitedHealthcare’s Connector Model for
retirees. Employers include Kinder Morgan, St. Louis Metro Transit,
and 17 other employers; retirees under these plans total
35,000.
Mercer Marketplace is a solution for employers with either
self-insured or fully insured plans and it can be scaled to
employers with as few as 100 employees. Three-fourths of Mercer’s
exchange clients have fewer than 2,000 employees, testament to its
appeal for mid-market employers looking for cost savings,
compliance support, ease of administration, and employee
satisfaction.
Mercer continues to be in active discussion with other companies
interested in making its exchange offerings available at midyear
2014 or for January 1, 2015.
“As the Affordable Care Act continues to take full effect,
Mercer is distinguishing itself as a versatile partner for a broad
range of employers who want to continue providing coverage to
employees and retirees in a fiscally responsible way,” said Eric
Grossman, Exchange Business Leader for Mercer’s Health &
Benefits business. “We are finding particular interest among
mid-sized employers, who can achieve results through Mercer
Marketplace that previously would have been out of reach. Adoption
is taking place in a wide range of businesses.”
To learn more about Mercer Marketplace, please visit
http://www.mercer.com/private-health-exchanges. To learn more about
the full range of Mercer’s exchange solutions please visit
http://www.mercer.com/other-exchanges-solutions.
About Mercer
Mercer is a global consulting leader in talent, health,
retirement, and investments. Mercer helps clients around the world
advance the health, wealth, and performance of their most vital
asset – their people. Mercer’s more than 20,000 employees are based
in 42 countries, and the firm operates in over 140 countries.
Mercer is a wholly owned subsidiary of Marsh & McLennan
Companies (NYSE:MMC), a global team of professional services
companies offering clients advice and solutions in the areas of
risk, strategy, and human capital. With over 53,000 employees
worldwide and annual revenue exceeding $11 billion, Marsh &
McLennan Companies is also the parent company of Marsh, a global
leader in insurance broking and risk management; Guy Carpenter, a
global leader in providing risk and reinsurance intermediary
services; and Oliver Wyman, a global leader in management
consulting. For more information, visit www.mercer.com. Follow
Mercer on Twitter @MercerInsights.
MercerStephanie Poe,
202-331-5210stephanie.poe@mercer.comorCharles Salmans,
212-345-4512charles.salmans@mercer.com
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