How familiar are you with defined contribution health benefit plans (DCPs) & private exchanges? With employers looking to cut costs while still providing as much as they can for their employees, the combination of defined contribution and private exchange has been atop conversation for the past few years. In our latest infographic, we share with you some of the benefits, trends, designs, and distribution models that employers need to know about combining DCPs and Private Exchanges, answering the following: -What Benefits would a Defined Contribution Plan Bring to Your Company? -Where are many companies in the process of exploring or adopting a DCP to offer on a private exchange? -What partners do employers depend on to help them learn about new health benefit designs and distribution models? -What year do employers intend to implement defined contribution? -What features do employers want to offer employees using an insurance exchange environment? -What are the most important features of a private exchange? All of this came from our latest study, the 2014 Healthcare Benefits Trends Benchmark Study, completed in Fall 2014, polled more than 250 human resources (HR) executives, benefit specialists, and other benefit decision-makers to explore the state of current and expected healthcare benefits offerings under the continuing changes brought forth under the Affordable Care Act (ACA). You can download the study by visiting the following link: http://www.evolution1.com/health-benefits-survey-report-2014.html

1. What partners would you depend on to help you learn
about new health benefit designs and distribution models?
What employee features would you include if you could
design a benefit offering using an insurance
exchange environment?
Employees will have a better
understanding of benefit costs
Have not begun to explore DCPs Already using DCPs (not on a
private exchange)
Offer a wider array of options
for benefit plans
Help employees make more
cost-conscious benefit decisions
Defined Contribution &
Private Exchange Trends
77.5% Familiar 22.5% Not Familiar
InfographicInfographic
31.9% 17.9%
15.2% 14.8%
Continue to offer benefits that
would otherwise be in jeopardy
Benefits a DCP would bring to your company:
Still learning
Using DCPs on a private exchange Are considering exploring/adopting
DCPs to offer on a private exchange
in the future
41.9% 24.5% 12.8%
6.8% 6.8%
Where are you in the process of exploring or adopting a
DCP to offer on a private exchange?
How familiar are you with defined contribution
health benefit plans (DCPs) & private exchanges?
11.1% Industry/Trade Association11.8% Third Party Administrator
30.2% Benefit Consultants
16% Insurance Carrier
50% Insurance Brokers
26% Research Independently
4.6% Payroll Companies
Employer utilities you would value in offering health
plans in an exchange environment:
82.6%
Premium Payment
Automation
43.1% 40%
39.2% 21.4%
82%
Payroll Processing Carrier Integration
78.3%
COBRA Compliance
65.3%
Health Spending
Accounts
65%
If considering defined contribution plans for future, when?
11.1%
2015
22.2%
2017
61.1%
2016
67.9%
50.4%
46.9%
38.5%
37%
29.4%
Plan and Cost Comparison Tools
Online Access
Progressive Cost Tracking Tools
Help Line
Combined Benefit Enrollment
Consolidated Employer Billing
Services
29.4%
22.1%
Mobile
Financial Account
Options
Private exchange features most important:
A large choice of plans
available at your company’s
targeted benefit level
The exchange allows any plan to
meet the exchange’s minimum
standards to participate
The exchange is government-run
The exchange actively screens and
restricts the number of plans that
may participate on the exchange
according to price and quality
www.HealthcareTrendsInstitute.org
Source: 2014 Healthcare Benefits Trends
Benchmark Study
© Copyright 2015. Healthcare Trends Institute.
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