Corporate Synergies Introduces Private Health Benefits Exchange for Employees

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New Private Exchange Will Enable Employers to Efficiently Manage Costs While Providing Employees Flexibility and Choice

“The still emerging health insurance landscape demands new solutions that put consumers at the center of the strategy while being mindful of corporate realities,” said John Turner, CEO of Corporate Synergies Group.

Corporate Synergies Group, a leading employee benefits broker and consulting firm, announced today the introduction of a private benefits exchange to help employers efficiently manage their benefit costs while providing their employees with choice and flexibility in healthcare. The new private exchange is part of the larger Synergies360SM suite, Corporate Synergies innovative approach to managing employee benefits.

“The still emerging health insurance landscape demands new solutions that put consumers at the center of the strategy while being mindful of corporate realities,” said John Turner, CEO of Corporate Synergies Group. “This solution is built upon our deeper understanding of both employer and employee requirements. In short, employers get more predictable costs; employees get more choice.”

The private exchange will not only help employers define the contribution level for their overall benefits program, but also provide employees access to a wide array of benefits that can be tailored to their specific needs. This solution combines an intuitive technology interface with Corporate Synergies’ industry leading Advocacy, Compliance, and Communications support.

“In our discussions with clients and others in the industry, the concept of a private exchange is what everyone is talking about,” said Andrew Bloom, Corporate Synergies’ Executive Vice President of Operations. “Armed with our deep understanding of what works for both employers and their employees, we decided to create an exchange that helps our clients effectively manage and control costs associated with benefit programs. We believe this solution combines intelligence, choice, advocacy and compliance, resulting in a perfect solution to meet the challenges of healthcare reform.”

Corporate Synergies’ private exchange utilizes SmartBen’s cloud-based benefits exchange platform. This enables Corporate Synergies to support various benefit models including traditional and voluntary plans along with the services for which they are known.

“Healthcare reform is a big change and clients need a partner and a solution to help effectively navigate both HR compliance and employee education challenges,” said Kevin Andrews, SmartBen’s President. The solution is customized for Corporate Synergies’ clients with an intuitive user interface to create an effortless experience for employees.

About Corporate Synergies Group
Corporate Synergies Group LLC , the fourth largest U.S. benefits specialist, is a privately held employee benefits broker and consulting firm with six U.S. locations, including its headquarters in Mt. Laurel, NJ. The guiding principle behind the firm’s success is a deeper understanding of benefits that is nurtured by continuous engagement with the industry, employers and participants. The company is recognized for its level of service, has won awards for its innovative employee education programs, and has been recognized as one of the top places to work. For more information, please visit http://www.corpsyn.com or call toll-free 866.CSG.1719.

About SmartBen
SmartBen provides online benefit enrollment, administration, and communication solutions to the HR industry. SmartBen has over 1000 clients with its platform having the ability to support a broad spectrum of clients within different size markets, ranging from Fortune 100 clients to businesses with 100 employees. SmartBen pioneered the idea of employee engagement with benefits enrollment over 19 years ago, and remains the only system in its field that employs Psychology, Artificial Intelligence, and a Live Avatar to create an interactive user experience. SmartBen has invested in building constantly evolving technology around consumer engagement and education that is pertinent to today’s workforce and new healthcare reform. For more information about SmartBen, visit: https://www.smartben.net

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