|[January 10, 2013]
Mercer introduces a private benefits exchange for active employees - Mercer MarketplaceSM
NEW YORK --(Business Wire)--
Mercer, a global consulting leader in talent, health, retirement and
investments, today announced the launch of Mercer MarketplaceSM,
a private benefits exchange designed to help employers more effectively
manage their benefit costs while providing employees and their
dependents with superior choice, flexibility and service. This is an
important addition to the suite of solutions that Mercer provides
"The convergence of a number of critical factors - the unsustainable
rise in benefit costs, healthcare reform, 'consumer-driven' solutions,
and improving technology - is transforming the provision of employee
benefits," said Julio A. Portalatin, President and CEO of Mercer.
"Mercer Marketplace provides our clients with a market-leading platform
and service to support their employees in this transformation."
Mercer's new benefits exchange will provide employers with an
opportunity to continue offering competitive benefits to their
employees, which is an important attraction and retention tool, while
actively managing spending and reducing their administrative
responsibilities. Employees will have access to a broader array of
benefits, as well as the ability to tailor those benefits to their
particular needs, with the necessary support to make appropriate
Employers of all sizes that use the Mercer Marketplace will have the
flexibility to determine how much to contribute toward the cost of their
benefits program and can select from a wide range of insured and
self-funded products to offer to their workforce. They can thus design a
competitive benefits program while understanding and controlling the
costs associated with a wide range of options. The platform includes
full benefits outsourcing and will support employees with call center
and online decision support during the enrollment process and beyond.
Mercer Marketplace will allow employers and employees access to a broad
array of benefits - both traditional and voluntary - from multiple
insurance providers, along with education tools and support to help
employees customize their choices to better fit their needs. This
private exchange will be available to employers with at least 100
"Mercer research indicates that 56% of employers are considering a
private exchange to provide benefits to their active employees or
retirees," said David ahill, President, Health & Benefits at Mercer.
"What distinguishes Mercer Marketplace is the breadth of our benefit
offerings, a scalable platform able to serve companies both large and
small, and our extensive 'direct-to-consumer' experience. Helping
employees make informed decisions is a critical component of this model."
Mercer Marketplace utilizes a technology platform developed by Benefitfocus
that is customized for Mercer clients. This cloud-based
technology helps employers streamline the administration of their
benefits plans. "Mercer has designed a powerful private exchange through
which employers can offer employees a full set of benefits," said Shawn
Jenkins, President and CEO of Benefitfocus. "Mercer has combined it with
our benefit administration platform to simultaneously reduce
administrative costs and increase employee choice. We believe this will
be well received and very competitive."
The Mercer Marketplace private exchange joins the other Mercer solutions
that make up the Mercer Exchange Suite, which includes a Medicare
exchange, voluntary benefits and collective offerings including Mercer
More information about Mercer Marketplace is available from Mercer
consultants and online at http://www.mercer.us/articles/mercer-exchange-suite.
Mercer is a global consulting leader in talent, health, retirement and
investments. Mercer helps clients around the world advance the health,
wealth and performance of their most vital asset - their people.
Mercer's 20,000 employees are based in more than 40 countries. Mercer is
a wholly owned subsidiary of Marsh
& McLennan Companies (NYSE: MMC), a global team of professional
services companies offering clients advice and solutions in the areas of
risk, strategy and human capital. With 53,000 employees worldwide and
annual revenue exceeding $11 billion, Marsh & McLennan Companies is also
the parent company of Marsh,
a global leader in insurance broking and risk management; Guy
Carpenter, a global leader in providing risk and reinsurance
intermediary services; and Oliver
Wyman, a global leader in management consulting. For more
information, visit www.mercer.com.
Follow Mercer on Twitter (News - Alert) @MercerInsights.
Benefitfocus is the largest benefits technology provider in the US. More
than 18 million members, 300,000 employers and 60,000 brokers use our
cloud-based platform to shop, enroll, manage and exchange all their
benefits in one place. From consumer engagement and education to
enrollment, communication and billing, Benefitfocus is helping companies
find a better way to manage their benefits. For more information, visit www.benefitfocus.com.
Benefitfocus - All Your Benefits. One Place.
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