Reduce long-term costs of retiree coverage

The Problem

Large employers that offer health coverage for their retirees want to curb their long-term health insurance liabilities. Many are shifting to defined contribution arrangements coupled with a multi-insurer private health exchange. Under this model, retirees are given a fixed dollar allowance from their former employer, which they can use to purchase Medicare Advantage coverage from multiple insurers.

The Solution

Our Private Exchange platform provides an effective retiree solution to insurers by:

• Providing employers with a retiree defined contribution arrangement. This gives employers the ability to separate the cost of benefits from the cost of insurance. Retirees receive a monthly health benefits allowance from their former employer, which they use to purchase the best Medicare Advantage or Medigap coverage for them and eligible family members.
• Offering your products exclusively. Unlike retiree exchanges that offer products from a variety of insurers, the Array Health Private Exchange offers only your Medicare products.
• Increasing stability, predictability and choice. With more predictable costs for employers and the ability for retirees to purchase health insurance through a preferred regional insurer, our solution eliminates the need for employers to switch to another retiree exchange.