Mercer signs first group of insurance carriers to Mercer MarketplaceSM private exchange

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Mercer signs first group of insurance carriers to Mercer MarketplaceSMprivateexchange

  • Several of the nation's leading insurance carriers sign on as early adopters to provide benefits through Mercer's private exchange for 2014 enrollment.
  • Mercer Marketplace has a wide array of product offerings to meet the benefit and insurance needs of employers and employees.

NEW YORK--(BUSINESS WIRE)-- Mercer, a global consulting leader in talent, health, retirement and investments, today announced an initial group of major insurance carriers to offer a range of benefits through Mercer Marketplace, Mercer's private benefits exchange for employers' active employees and their families.

Employees who engage Mercer Marketplace through their employers will have access to many options and will have decision tools to tailor their personalized portfolio of benefits. These options include a wide array of core medical and voluntary benefits, constituting more than 20 lines of coverage.


The first group of national, regional and state carriers that have agreed to partner with Mercer are:

"We're pleased to announce that these insurance carriers and benefit providers, all household names representing a large percentage of US market share, have joined Mercer to offer medical and other important benefits through Mercer Marketplace. The high-caliber carrier participation in Mercer's private benefits exchange matches the increasing interest displayed by our clients and prospects," said Julio A. Portalatin, President and CEO of Mercer.

"We believe that these early-adopter providers - along with the additional firms we expect to announce very shortly - will deliver solutions through the innovative Mercer Marketplace platform that will provide enhanced value for our clients and their employees," said Mr. Portalatin.

Discussions with clients indicate great interest in Mercer's private benefits exchange solution.

"With 56% of employers considering a private exchange to provide benefits to their active employees or retirees, the transformation of the US health care landscape is well underway," said David Rahill, President, Health & Benefits, Mercer. "These national benefit providers are leading the way in allowing large and small employers alike to help their employees make the critical personal and financial decisions about what types of insurance will best meet their needs."

About Mercer Marketplace

Mercer Marketplace allows employers to continue offering competitive benefits to their workforce, a key attraction and retention tool, while actively managing their spending and administrative responsibilities. Employers 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. Many companies are offering private health insurance exchanges, but Mercer Marketplace goes beyond this to include other non-health benefits such as auto, home and pet insurance. The platform includes full benefits outsourcing and will provide employees with call center and online decision support during the enrollment process and beyond. More information about Mercer Marketplace is available from Mercer consultants and online at www.mercermarketplace.com.

About Mercer

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 19,000 employees are based in more than 40 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYS: 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 @MercerInsights.

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Mercer
Stephanie L. Poe, +1 202-331-5210
stephanie.poe@mercer.com

KEYWORDS:   United States  North America  New York

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