Navigation Links
New Private Exchange for Health Insurance Coming to New Jersey
Date:5/6/2013

(PRWEB) May 06, 2013

For New Jersey commercial group employers looking for new solutions for controlling health care costs while providing their employees with more choices and control in selecting an affordable health insurance plan that best meets their individual needs, Horizon Blue Cross Blue Shield of New Jersey just made life a little easier. Horizon BCBSNJ announced today the creation of Horizon Select, an online private marketplace (also known as a private exchange), that will be available for certain New Jersey employers this July.

Horizon Select will offer commercial group employers a simple way to set up a defined contribution health insurance plan to manage their health care costs. Under such a plan, employers provide a lump sum of money (a defined contribution) to their employees to purchase a health plan on the Horizon Select website. Employees will be able to review a number of Horizon BCBSNJ health plans on the Horizon Select website and simply choose the health plan that best meets their needs and budget. Horizon Select will be available for employers with more than 50 employees.

“Employers are looking for innovative ways to offer their employees the ability to choose an affordable health insurance plan that meets their individual needs and Horizon’s online private marketplace will allow them to do so,” said Christopher M. Lepre, senior vice president of Market Business Units for Horizon BCBSNJ. “With Horizon Select, we’re offering employers the ability to manage health care costs over the long-term and to offer their employees a personalized experience to choose a health plan that is right for them.”

Horizon BCBSNJ is working with Bloom Health, a leader in creating defined contribution health benefits marketplaces for employers and employees, to create Horizon Select. Bloom Health, which operates nationally, has expertise in designing a simple consumer experience and transforming the way employees select health insurance coverage. At the heart of the Bloom Health platform is a proprietary decision support tool that guides consumers through every step of the benefit selection process.

“We are proud of the work we have done to transform the way employers offer health benefits in America, granting employers more predictability over their costs while giving employees more choice and customization than they’ve ever had before,” said Bloom Health CEO Simeon Schindelman. “It is a privilege to partner with Horizon, an industry leader, to usher in this new era of benefits innovation at a time when employers and employees are turning to their health plans for new and creative approaches to better benefits.”

About Horizon Blue Cross Blue Shield of New Jersey
Horizon Blue Cross Blue Shield of New Jersey, the state’s oldest and largest health insurer, is a tax-paying, not-for-profit health services corporation, providing a wide array of medical, dental, and prescription insurance products and services. Horizon BCBSNJ is an independent licensee of the Blue Cross and Blue Shield Association, serving more than 3.6 million members with headquarters in Newark and offices in Wall, Mt. Laurel, and West Trenton. Learn more at http://www.HorizonBlue.com.

About Bloom Health
Bloom Health is a leader in the private exchange defined contribution marketplace, committed to assisting employers of all sizes adopt an employer-sponsored benefits platform that provides true cost predictability for employers and increased choice and personalization for employees. Bloom Health was founded in 2009 and is headquartered in Minneapolis.

Read the full story at http://www.prweb.com/releases/2013/5/prweb10701310.htm.


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

Related medicine news :

1. Business-Grade Cloud Hosting Solutions now Available over the BroadConnect Private Network
2. Newport Board Group, a National Business Advisory Firm of CEOs Serving the Emerging Middle Market, Releases a Technology Roadmap for Private Companies
3. Case Studies, Best Practices of Companies Operating Private Exchanges to Be Reviewed in May 14 Webinar
4. Private Companies Will Face Increased Competition for Sales in 2013 - Newport Board Group Releases Seven Strategies Designed to Improve Customer Retention
5. Healer, Psychotherapist and TV Show Host, Heather Hans, Expands Private Practice
6. Ultimate Aquatics, announces the acquisition of SUP Products, the industry leader in U.S. Made Private Label Hybrid Molded Composite (HMC) Stand Up Paddle Boards (SUP) & Accessories.
7. United Benefit Advisors Webinar: Private Lessons from The Public Sector, Strategies for Controlling Health Care Cost
8. Corporate Whistle Blower Center Now Urges Employees of Any Type Of Private Contractor in Afghanistan or Iraq to Step Forward for Rewards if They Possess Proof of Fraud
9. The Olive Oil Source Announces New Bottle Options for Private Label Shiners
10. Colonoscopy cost sharing eliminated for privately insured patients
11. SEO Crucial For Retail Clinics and Physician Owned Private Practices
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/26/2017)... MICHIGAN (PRWEB) , ... February 25, 2017 , ... The ... Kim Jong-un, heightened awareness and concern over nerve agents and the deadly use of ... the human nervous system and how even small doses can be lethal. , Jay ...
(Date:2/26/2017)... Philadelphia, PA (PRWEB) , ... February 26, 2017 , ... ... products and services with Pay-For-Performance B2B Marketing. B2B Sellers will now only pay for ... , Robert Hennessey, the founder of IndustryArchive.Org, said, “Given the new reality that B2B ...
(Date:2/25/2017)... ... February 25, 2017 , ... FCPX users now have the ability to sharpen ... With ProSharpen Color users have total control over sharpening amount, sharpening radius, threshold, horizontal ... color spectrum tools users can visually see the color range effected with ease all ...
(Date:2/24/2017)... ... February 24, 2017 , ... An in-depth computational analysis of genetic variants ... points to eight genes that may explain why susceptibility to one of the disorders ... a study published today in the journal npj Schizophrenia. , “There is a ...
(Date:2/24/2017)... (PRWEB) , ... February 24, 2017 , ... Healthcare ... The Medical Center at Craig Ranch building at 8080 State Highway 121, Suite 210, ... District with easy access to Highway 121. , As the practice has grown, the ...
Breaking Medicine News(10 mins):
(Date:2/24/2017)...  This report analyzes the worldwide markets for Chiral ... Products: Intermediates, Analytical, and Others. The End Use ... Agrochemicals. The report provides separate comprehensive analytics for the ... , and Rest of World. Annual estimates and ... Also, a six-year historic analysis is provided for these ...
(Date:2/24/2017)... Medivir AB (Nasdaq Stockholm: MVIR) ... Board of Directors that will be submitted to the ... representatives of the company,s three largest shareholders at the ... accepted a seat on the Nomination Committee, and the ... Nomination Committee was as follows:  ...
(Date:2/23/2017)... -- Visiomed, the French leader in medical grade ... the landscape of healthcare with their innovative use ... solutions. Recognizing the rising demand of self-monitoring alongside ... walls, Visiomed has launched BewellConnect, the most ground-breaking ... that is empowering the lives of patients. ...
Breaking Medicine Technology: