One thing is clear: The old health benefits system is broken. In 2014, the projected average cost of health coverage is more than $13,000 per employee.* To break large employers out of this spiraling cost trend, Aon has developed a groundbreaking solution—the Active Health Exchange, which curbs employer costs while giving employees greater choice.
The Aon Active Health Exchange is a managed insurance marketplace where multiple carriers compete in offering employees a choice of fully insured group plans. This model merges the best of all worlds: group coverage pricing with the individual choice and consumerism that come from free-market competition.
As America’s first national multi-carrier, fully insured private health exchange, the Aon Active Health Exchange leverages our extensive expertise in benefits administration to offer large companies a combination of leading nationwide and regional insurance carriers and multiple plan options.
The way it works is simple:
1. The employer establishes the amount it can pay toward employee health care.
2. Each employee uses that credit to shop from a menu of standard health plans.
3. Each employee selects the plan and insurer that best fit their needs.
To learn more and discuss whether the Aon Active Health Exchange is right for your company, contact us.
*Source: Aon Hewitt Health Value Initiative database