MJ Insurance launches private insurance exchange
MJ Insurance, a leading property-casualty and employee benefits agency, has launched a private health care marketplace for businesses to give employers an unprecedented range of administrative flexibility and employee benefit options.
According to Accenture Research, nearly 20 percent of employees nationwide are expected to get their health insurance through a private exchange. Aetna, Cigna, Blue Cross Blue Shield Arizona and United Healthcare have partnered with the MJ Private Exchange along with a host of ancillary carriers.
With MJ’s private exchange, employers maintain a competitive advantage by offering best-in-industry benefits, while removing the heavy lifting of benefits administration. The exchange is an ideal solution for middle-market employers and employees alike. Key advantages of the exchange include:
· The ability to choose a defined contribution or a defined benefits plan
· A prepackaged set of medical and ancillary benefits for employers and their employees
· Support for Affordable Care Act record-keeping responsibilities
· Business data integration that enhances the benefit administration experience
· Flexible decision support tools that make employee choice easier
“This critically-needed program gives employers and employees the flexibility to design and choose a benefits plan that works for them,” said Michael H. Bill, CEO of MJ Insurance. “The MJ Private Exchange is truly a simple solution for employers which incorporates a cost control mechanism that gives them more control. It is a win-win for both employers and employees.”
Employers and employees will enjoy multiple options including flexible plans for specific needs, traditional co-pay plans, health savings accounts (HSAs), higher deductible and lower cost plans.
MJ Insurance specializes in a diverse selection of unique service lines including construction, energy, transportation, real estate, manufacturing, sororities and mining. MJ also offers complete employee benefit programs including major medical, group disability, group life and onsite employer clinics. MJ Insurance currently has clients in 16 countries and in every U.S. state.