Are Benefits Still Beneficial?

Online, August 14, 2013 (Newswire.com) - PRIVATE EXCHANGE OF AMERICA, today announced the launch of a PRIVATE EXCHANGE technology system that provides employers and employees the ability to participate in one of the fastest growing trends in health insurance - Defined Contribution Health Plans. Like the 401k transition of years ago, this trend will continue as group insurance plans become less and less viable due to cost and regulations.

According to Ms. Lisa Glassman, Licensed Agent with PRIVATE EXCHANGE OF AMERICA, a defined contribution health plan is an important alternative to traditional group health plans for those who can no longer qualify for or afford them and they are growing rapidly in popularity. Rather than paying a portion, or all of a premium, under a defined contribution health plan, an employer can offer no contribution at all or IF PREFERRED set aside a fixed dollar amount each month for employees to use to pay for their choice of individual health insurance or other medical costs such as doctor visits, dental insurance, and prescription drugs, often on a pre-tax basis.

Ms. Glassman said that this approach allows even the smallest of businesses to offer their employees quality health-related benefits, while maximizing the IRS approved benefits of tax savings for both the employer and employees.

Ms. Glassman said that employees participating in a defined contribution program through their employer are directed to the agent's private exchange website where they can compare and select a policy from among a variety of individual health plans being offered by health insurers in their area. Ms. Glassman said that the private exchange is a tool that provides employees with more choice and makes it possible for agents to more effectively provide services to large numbers of individuals and their families rather than employer groups. Employees can choose to be connected to live experts, licensed in all 50 states, who can provide them the best options for their family regardless of pre-existing conditions or budget. Experts will look for the right plan in 4 different markets:

1. Personal health plans - all the major carriers, medically underwritten
2. Short Term Medical Plans - fewer UW requirements, lower cost
3. State and Federal Risk pools - must qualify, guaranteed issue
4. Limited benefit plans - low cost options, guaranteed issue

The Private Exchange is not limited to just health insurance solutions, although that is the greatest concern for most employers and employees. We have experts available in life insurance, long term care insurance, Medicare supplements, voluntary benefits (accident, critical illness, hospital indemnity), and even property and casualty insurance.

Forward thinking employers have already begun adopting the PRIVATE EXCHANGE OF AMERICA solution to their benefits challenges. Early adopters to this model are already finding it to be the perfect solution especially if they had given up on offering their employees any type of benefits. Now you can offer access to individually owned, selected benefits at little or no cost to you the employer. In fact many are seeing savings and no financial obligations!

More information about defined contribution plans and PRIVATE EXCHANGE OF AMERICA services can be found at [url:http://www,privateexchangeofamerica.com]

About PRIVATE EXCHANGE OF AMERICA
PRIVATE EXCHANGE OF AMERICA was founded in partnership with Health Partners America, a leading advocate nationwide for the health care solution known as "Defined Contribution".

For more information contact:

Ms. Lisa Glassman
Toll Free 1-877-778-8973
Mobile (561) 674-2734
By Appointment Only

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