Our single platform incorporates a cost control mechanism that gives our customers more control when determining total benefits spending.
Chicago, IL (PRWEB) January 20, 2014
The Horton Group announced today that UnitedHealthcare of Illinois will join Horton’s private exchange. In October 2013, The Horton Group was one of the first brokers nation-wide to launch their private health insurance exchange, offering a competitive marketplace where individuals and small businesses are able to purchase affordable private health insurance coverage.
“As brokers, we are conscious that businesses need health insurance solutions that provide employees with: choice, ease of use and a high-quality buying experience in a model that is cost effective for the employer,” said Kenneth R. Olson, President of Horton Benefit Solutions. “We are excited to have UnitedHealthcare, a premier carrier, as an option within our private health insurance exchange suite. UnitedHealthcare offers a wide array of health plans and ancillary options that benefit the mid-size employers with more than 100 employees. This fits perfectly in our model.”
The Horton Group’s private exchange emphasizes simple solutions for both employers and employees. Employers have the option to extend benefits with third party health services and ancillary product providers. Employees have access to a 24/7 self-service web portal and live guidance from licensed health care specialists.
“Our single platform incorporates a cost control mechanism that gives our customers more control when determining 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.
“Essentially, our private exchange is a win-win solution for the employer and employee,” 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.