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Employers rate private exchanges positively, but use is still low

Forty percent of employers say their experience with a private exchange was positive and more easy than other enrollments.

By Gil Lowerre and Bonnie Brazzell | Updated on November 02, 2016

A recent Eastbridge survey of employers found that the use of private exchanges continues to be minimal among all size categories and that a positive correlation remains between use and employer size (with use increasing as employer size increases). Many times, it is the broker who influences these employers to adopt the exchange model, and to offer more options to their employees or to move to a defined contribution approach.

Since brokers are often the ones suggesting an exchange for their clients, it makes sense that most employers (74 percent) continue to use a broker for their employee benefits after implementing a private exchange. Only 19 percent of the employers no longer utilize broker services.

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