This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Pacific Resources Benefits Advisors, LLC Launches New Private Exchange Consulting Practice For Large Employers

Stocks in this article: BRO

Pacific Resources Benefits Advisors, LLC (“Pacific Resources”), a leading employee benefits advisory firm that works with Fortune-ranked companies and other large employers, today announced the launch of a new practice to provide independent, third-party assessment of private insurance exchanges.

Pacific Resources’ Private Exchange Consulting Practice will help large employers understand the opportunities and challenges of the private exchange marketplace for active employees and retirees through a customized phased approach that includes economic feasibility analysis, exchange sourcing, implementation, and monitoring and reporting. Pacific Resources does not own or have an incentive to work with any private exchange vendor or benefits technology platform.

“The decision to move employees to a private insurance exchange requires considerable objective analysis and evaluation of multiple factors,” said Jody Hunter, Vice President, Marketplace Solutions at Pacific Resources. “With private exchanges being developed and marketed by consulting firms, carriers, brokers and benefit administrators, large employers need independent advisors who can help them determine if an exchange is a viable and appropriate part of their comprehensive benefits strategy.”

“In the event an employer has determined that an exchange is feasible, it will be important to evaluate all the options available in this emerging and growing marketplace,” Hunter added.

Earlier this year, Pacific Resources surveyed large employers representing approximately 6 million covered lives with a median employee population of 23,000 employees. Nearly 75 percent of the companies that responded to the survey are ranked in the Fortune 1000, with several listed in the top 50.

The top three reasons employers gave to move to a private exchange were:

  • Cost savings opportunity (85 percent)
  • Giving employees more choice, which may better meet their coverage needs (66 percent)
  • Minimal network disruption (37 percent)

The survey also showed that 87 percent of large employers view benefits as a means of attracting, recruiting and retaining employees, or as an integral part of overall employee engagement and productivity.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs