Navigation Links
New Infographic Explains Private Exchange Functionality and Future of Defined Contribution Funding Model
Date:11/21/2013

Seattle, Wash. (PRWEB) November 21, 2013

Array Health, a leading provider of private insurance exchange technology, today released an infographic illustrating the functionality of private health insurance exchanges and the differences between a defined benefit and defined contribution funding model. The infographic, titled “How Private Health Insurance Exchanges and Defined Contributions Work,” seeks to better educate health plans and employers on the components of a single-carrier private exchange in an employer-sponsored insurance setting.

The infographic highlights the versatility and projected growth of the defined contribution model. This model allows employers to cap their costs by setting a defined dollar amount they wish to contribute to their employees’ benefits. Employees can then use this contribution to shop in a private exchange for the health plans and supplemental products that best meet their needs. According to Oliver Wyman, the defined contribution funding model will be adopted by 44 percent of employers in the next three-five years (2013).

Array Health’s infographic outlines the components required for a fully functional private exchange and illustrates how these online marketplaces work from initial setup through to member maintenance.

To view and share the infographic, please visit Array Health's blog.

About Array Health
Array Health is a leading provider of private insurance exchange technology. Its cloud-based software platform enables health plans of any size to power their own branded online exchanges – a strategic channel that helps them compete and thrive in the post health-reform world. With Array Health’s state-of-the-art member marketplace and support for defined contributions, insurers win and retain business by giving employers a way to control costs and members a better way to buy benefits. A pioneer in this area, Array Health has enabled major insurers to successfully sell health and ancillary products since 2006. It has solved some of the industry’s toughest data integration challenges to ensure that it provides not just a dynamic sales platform, but also a fully functional exchange that works seamlessly with existing insurer systems. For more information, visit http://www.arrayhealth.com.

Read the full story at http://www.prweb.com/releases/2013/11/prweb11356501.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. WeightWise Infographic Spotlights Twinkies Ingredients’ Non-Food Uses
2. Get New Patients, INC Releases New Infographic titled 'Are Negative Reviews Killing Your Medical Practice?"
3. MacGregor & Collins, LLP Releases New California DUI Infographic
4. d’Oliveira & Associates Releases Mirena IUD Infographic Describing Bayer’s Deceptive Mirena Simple Style Campaign
5. d'Oliveira & Associates Releases Fresenius Infographic about the FDA Recall of NaturaLyte and GranuFlo
6. Law Firm Issues Biomet Hip Infographic Warning Consumers About the Dangers of Biomet Hip Implants
7. Loyola University New Orleans Presents a History of Nursing in its New Infographic: Nursing Evolution
8. d'Oliveira & Associates Releases Zimmer Knee Infographic Providing Important Safety Information on High-Flex Knees
9. IHC Specialty Benefits Releases an Affordable Care Act Infographic to Help Customers Determine Health Insurance Rebates
10. d'Oliveira & Associates Releases New Byetta Infographic on Potential Kidney and Pancreas Health Risks Associated with the Drug
11. d'Oliveira & Associates Issues New Infographic on Xarelto Providing Current FDA and Medical Study Information
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... June 26, 2016 , ... PawPaws brand pet supplements owned by ... to enhance the health of felines. The formula is all-natural and is made from ... the PawPaws Cat Kidney Support Supplement Soft Chews are Astragalus Root Extract ...
(Date:6/25/2016)... FL (PRWEB) , ... June 25, 2016 , ... The temporary closing of Bruton Memorial ... Plant City Observer , brings up a new, often overlooked aspect of head lice: the ... closing for fumigation is not a common occurrence, but a necessary one in the event ...
(Date:6/25/2016)... ... June 25, 2016 , ... On Friday, June 10, Van Mitchell, Secretary ... Work award to iHire in recognition of their exemplary accomplishments in worksite health promotion. ... Maryland Workplace Health & Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire ...
(Date:6/24/2016)... ... ... in a crisis. Her son James, eight, was out of control. Prone to extreme mood ... something upset him, he couldn’t control his emotions,” remembers Marcy. “If there was a ... children and say he was going to kill them. If we were driving on ...
(Date:6/24/2016)... ... ... BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, join The ‘Business for a ... an hour by 2020 and then adjusting it yearly to increase at the same rate ... assure the wage floor does not erode again, and make future increases more predictable. , ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... June 27, 2016  VMS Rehab Systems, Inc. ( ... take whatever measures required to build a strong and ... is currently listed on the OTC Markets-pink current trading ... and CEO, "We are seeing an anomaly in market ... not only by the Company, but shareholders and market ...
(Date:6/24/2016)... 2016  Collagen Matrix, Inc., ("Collagen Matrix") the ... of collagen and mineral based medical devices for ... Bill Messer has joined the company as ... the growing portfolio of oral surgery, neurosurgery, orthopaedic ... joins the Collagen Matrix executive team as an ...
(Date:6/24/2016)... , June 24, 2016 ... has announced the addition of the " Global ... This report ... provides an updated review, including its applications in various ... total market, which includes three main industries: pharmaceutical and ...
Breaking Medicine Technology: