Hub International Limited (Hub), a leading global insurance brokerage, announced today that its employee benefits practice has expanded its private exchange nationally to provide more options for both employers and their employees. Hub is offering its private exchange in partnership with Liazon Corporation, utilizing their Bright Choices® Exchange. Hub's partnership with Liazon was initially launched with Liazon in late 2012 in the New York City metro area and a limited number of other exchange-ready markets to help clients manage their employee benefits program.
The Hub exchange strategy enables clients to save money by structuring their health benefits on a predictable, budget-based platform and will be customized by geographic location and each client's unique needs. Bright Choices helps employers save money on their healthcare costs by setting predictable budgets, creating a marketplace that allows employees to personalize their benefits package based on their personal needs and budget. Award-winning decision support and education tools help employees make smarter choices and expense tracking tools help them manage and pay expenses year-round.
Currently, the national carriers participating include Aetna, Allstate, Anthem, MetLife and United Health Care, with several more in discussion. Additionally, regional carriers have been selected by each Hub regional employee benefits team based on their ability to deliver best-in-class solutions to clients in local markets. A full range of benefit options are available including medical, dental, vision, disability and life insurance.
"We have carefully selected the carriers that we want to partner with in each local market, giving our clients access to preferred carriers in their area who are best suited to meet their unique needs," said Joseph Torella, President, Employee Benefits for Hub International Northeast and National Employee Benefits Practice Leader. "Our experience with Liazon in the past year demonstrates that this solution meets the needs of a broad cross-section of employers and works just as well for small to mid-sized businesses as it does for large employers."
Ron Agypt, Chief Sales Officer, Employee Benefits, Hub International Limited, commented, "Our goal is to meet the emerging needs of our clients by giving them a solution that is not just a one-time play to reduce costs but an integral part of a three-to five-year strategic benefits planning process. With the Bright Choices platform, we can help employers determine if a defined contribution strategy is right for them, provide them insight on their future health care costs, and offer their employees more choice when it comes to their plans."
Headquartered in Chicago, Hub International Limited is a leading global insurance brokerage providing employee benefits, property, casualty, risk management, investment and wealth management products across the United States, Canada, Puerto Rico and Brazil.
Hub International Limited
Director of Corporate Brand Management/Media Relations
Source: HUB International Limited