Employers can shift employees to a fixed cost, defined contribution strategy to reduce annual renewal increases. They can also use decision support services to prevent penalties while delivering essential minimum benefits.”
Chicago, IL (PRWEB) October 01, 2013
The Horton Group announced today that its private health insurance exchange is fully operational for coverages effective January 1, 2014.
This announcement makes The Horton Group one of the first brokers in the nation to offer an operational private exchange. “The fact that we’re ahead of the curve - and our competitors - underscores our longstanding commitment to being proactive in meeting our clients’ needs,” said Kenneth R. Olson, President of Horton Benefit Solutions.
“We want to get the word out that our private exchange is up and running and we are open for business,” said Olson. “It’s a privilege to partner with Blue Cross and Blue Shield of Illinois to provide a wide array of health plan and ancillary options to mid-size employers with more than 150 employees.”
The Horton Group’s exchange emphasizes simple solutions for both employers and employees. Employers have the option to extend benefits with third party health services and ancillary policies. Employees have access to a 24/7 self-service web portal and live guidance from licensed health care specialists on choosing the right plan.
“Our single platform incorporates every cost control mechanism available to give our customers more control over total benefits spending,” said Olson. “Employers can shift employees to a fixed cost, defined contribution strategy to reduce annual renewal increases. They can also use decision support services to prevent penalties while delivering essential minimum benefits.”
The Horton Group’s exchange is designed to reduce employers’ workload through simplified policy management, billing, cross-functional chargebacks and reconciliation. It will improve efficiency by integrating data from carriers, HRIS, payroll and other vendors.
“Basically, we’re revolutionizing health insurance for our customers,” said Olson.
About The Horton Group
Founded in 1971, The Horton Group is one of the largest privately held insurance brokers in the country, ranking fifth in the metro Chicago market. Horton employs a model that focuses on driving down cost and workload for its clients. Horton’s unique combination of service capabilities and business excellence gives their clients real solutions to complex issues. Horton’s tools, techniques and talent come together to form their aggressive, growth-oriented culture of quality.