According to Shelly Rogers of Nevada Insurance Enrollment Marketplace, a defined contribution health plan is an important alternative to traditional group health insurance plans for those employers who can no longer afford them, and they are growing rapidly in popularity. Rather than paying a portion, or all of the premium, under a defined contribution health insurance plan, an employer can offer a fixed dollar amount each month for employees to use to pay for their choice of individual health insurance. This allows the employer to feel great about contributing towards the employee’s health insurance choices, and frees up the employer to spend more time on their own business.
Employees participating in a defined contribution program through an employer are directed to the health insurance agent’s private exchange website or the option is available to have an employers private exchange website, where the employees can compare and select a policy from among a variety of individual health insurance plans being offered by health insurers in their area, including the Government Subsidized health plans “On Exchange.” 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 be connected directly to live licensed experts, who can provide them the best options for their family, regardless of pre-existing conditions or budget.
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, Dental and Vision, voluntary benefits (accident, critical illness, hospital indemnity), and even property and casualty insurance.
Forward thinking employers have already begun adopting the Nevada Insurance Enrollment Marketplace solution to their benefit 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 cost to you the employer. More information about defined contribution plans and Nevada Insurance Enrollment Marketplace services can be found at http://nevadainsuranceenrollment.com/