Employee Benefits Advisor: Why private benefit exchange adoption is tempered

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PlanSource was mentioned in Employee Benefits Advisor. An excerpt from the piece is below and the full article can be found here.

Why private benefit exchange adoption is tempered
Brian M. Kalish
July 22, 2016
Copyright © 2016, SourceMedia

One of the main things holding back adoption of private benefit exchanges is the definition of what exactly a private exchange is, a panel of experts said recently at a conference sponsored by PlanSource in Park City, Utah.

Nationwide, for the 2016 benefit plan year, Accenture estimates that 8 million people enrolled in a private exchange — a 35% increase over the prior year. The growth was fueled by midsize employers of 100 to 2,500 employees. “Things have decelerated a little bit in terms of rapid growth, however 35% growth is significant,” Scott Brown, managing director at consultancy Accenture, previously said. “We continue to see interest from employers and continued investment by private benefit exchange operators and those that participate in the space.”

Full text from the article can be found here.

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