Employers, are you looking for an affordable insurance option to help reduce your costs, increase efficiency, simplify administration and provide exceptional value to your employees in light of Health Care Reform? Your search is over.
United Benefit Advisors (UBA), the nation’s leading independent employee benefits advisory organization, announced yesterday the launch of Benefits Passport, a private insurance exchange marketplace serving large group employers (more than 50 employees) and exclusive to UBA Partner firms, like Innovative Benefit Planning, LLC. This plan is based on a defined contribution model with a full suite of services such as online enrollment, an employee contact center, accounting, payroll deduction reporting and billing.
Benefits Passport opened for enrollment today, with coverage to start January 1, 2014. Employees will be able to purchase benefits in the areas of medical, dental, pharmacy, vision, life, disability and critical illness. Premiums are paid with pre-tax dollars, in combination with a defined contribution from employers. Employees will have their choice of carriers, including Blue Cross, Aetna, Cigna and more! There will also be Wellness programs available and customer care support is provided for all participants.
“The UBA private insurance exchange offers a streamlined health insurance solution that mitigates the burden of administration and compliance risk for employers while making it easier for employees to shop, understand and choose their benefits package,” says Paul Zumbrook, Senior Vice President of Partner Relations for UBA.
Thom Mangan, UBA CEO states, “Like all things UBA, we decided to create a unique and proprietary product that was exclusive for our UBA Partner Firms to better serve their clients. This self-service platform provides employees an opportunity to compare plans and make more informed decisions based on their health care and financial situation, making them better consumers.”
Benefits Passport was created, and is powered, by Hanna Global Solutions (HGS), a UBA Partner Firm located in Concord, California. Hanna’s 20 years of experience in managing benefit programs for technology services companies has given them unique insight into end-to-end benefits administration, plan design and pricing strategies that save clients millions in health care costs. They’ve used their extensive experience and knowledge to create a user-friendly, but technologically savvy, private exchange, where employees are able to enroll in and monitor their health plans, and also to receive guidance, with minimal employer assistance.
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