“Mercer research indicates that 56% of employers are considering a private exchange to provide benefits to their active employees or retirees,” said David Rahill, President, Health & Benefits at Mercer. “What distinguishes Mercer Marketplace is the breadth of our benefit offerings, a scalable platform able to serve companies both large and small, and our extensive ‘direct-to-consumer’ experience. Helping employees make informed decisions is a critical component of this model.”
Mercer Marketplace utilizes a technology platform developed by Benefitfocus that is customized for Mercer clients. This cloud-based technology helps employers streamline the administration of their benefits plans. "Mercer has designed a powerful private exchange through which employers can offer employees a full set of benefits,” said Shawn Jenkins, President and CEO of Benefitfocus. “Mercer has combined it with our benefit administration platform to simultaneously reduce administrative costs and increase employee choice. We believe this will be well received and very competitive.”
The Mercer Marketplace private exchange joins the other Mercer solutions that make up the Mercer Exchange Suite, which includes a Medicare exchange, voluntary benefits and collective offerings including Mercer Health Advantage SM.
More information about Mercer Marketplace is available from Mercer consultants and online at http://www.mercer.us/articles/mercer-exchange-suite.About Mercer Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer’s 20,000 employees are based in more than 40 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 53,000 employees worldwide and annual revenue exceeding $11 billion, Marsh & McLennan Companies is also the parent company of Marsh, a global leader in insurance broking and risk management; Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a global leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @MercerInsights. About Benefitfocus Benefitfocus is the largest benefits technology provider in the US. More than 18 million members, 300,000 employers and 60,000 brokers use our cloud-based platform to shop, enroll, manage and exchange all their benefits in one place. From consumer engagement and education to enrollment, communication and billing, Benefitfocus is helping companies find a better way to manage their benefits. For more information, visit www.benefitfocus.com. Benefitfocus – All Your Benefits. One Place.