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Benefitdecisions, Inc. Launching an Insurance Exchange for Corporate Clients

Mar 11 2013 12:00AM

Marketwire

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CHICAGO, IL -- (Marketwire) -- 03/11/13 -- Benefitdecisions, Inc., a Chicago headquartered employee benefits and HR advisory services company, announces it is launching an insurance exchange that will offer a suite of insurance products and services to middle market employers. This new insurance marketplace will be available beginning in July 2013. "Healthcare Reform has forced employers to think about benefit programs differently, both the way they will be purchased and the manner in which the programs will be offered to employees. Our insurance exchange will also be augmented with non-exchange insurance products so that our clients will have a complete assessment of all the market options and costs," says Benefitdecisions' CEO Mark Matuscak.

Since its inception in 2000, Benefitdecisions has always been on the forefront of providing cutting edge solutions for employers. According to Mr. Matuscak, "Healthcare Reform takes Benefitdecisions back to its original business, which was utilizing technology to create unique insurance markets designed to be the most efficient and cost effective platform for purchasing group products. Unfortunately, we experienced first mover disadvantage thirteen years ago because the market, defined as the buyers and sellers of group insurance products, wasn't willing to embrace innovation at that time. Those attitudes have obviously changed with Healthcare Reform."

The exchange will provide:

•a robust defined contribution platform for employers and employees, •shopping, navigational and decision support tools, •enrollment processing for employees, •employer tools including reporting, dashboards, and alerts, •financial management functionally including consolidated billing, carrier feeds and integration with payroll systems, •call center support

"The proliferation of insurance markets combined with the regulatory requirements only make the evaluation and selection process for employers more complicated, but the combination of our high tech and high touch, white glove approach of providing support to our clients and their employees will ensure that our clients create the benefits programs that best fit their needs," says Mr. Matuscak.

About Benefitdecisions, Inc.

Benefitdecisions, Inc. is an employee benefits and human resources advisory firm. In 2000, Mark Matuscak, CEO, founded Benefitdecisions, focused on the business principal that engaged and valued employees drive success within businesses. Benefitdecisions creates benefits and HR strategies for companies that improve employee culture and increase employee engagement often while reducing costs. Benefitdecisions has four primary practice groups: insurance brokerage and consulting, benefit administration and outsourcing, wellness, and HR consulting and outsourcing. Privately owned and with entrepreneurial spirit, Benefitdecisions is committed to meeting the needs of its clients.

Visit us at www.benefitdecisions.com.



Cheri Hubbard
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Source: Marketwire