--- title: Effects of private exchange plans on employers description: Effects of private exchange plans on employers --- [Skip to content](https://blog.plexusgroupe.com/plexus-blog/employee-benefits/third-header#main-content) [![The Plexus Groupe](https://blog.plexusgroupe.com/hs-fs/hubfs/Logo%20and%20Design%20Files/plexus_sis_logo_color.png?width=1468&height=368&name=plexus_sis_logo_color.png "The Plexus Groupe")](https://www.plexusgroupe.com/) # Effects of private exchange plans on employers 9 July 2015 [Artoon](https://blog.plexusgroupe.com/author/artoon) [Employee Benefits](https://blog.plexusgroupe.com/tag/employee-benefits), [Insurance](https://blog.plexusgroupe.com/tag/insurance) With firms of more than 50 employees required to offer workers health insurance, there are a growing number of companies turning to private exchanges for a potentially wider range of health care choices. [![banner-img-7](https://static.hsstatic.net/BlogImporterAssetsUI/ex/missing-image.png)](https://static.hsstatic.net/BlogImporterAssetsUI/ex/missing-image.png)An estimated three million people received employer health benefits through a private exchange, according to a 2014 report by consulting firm Accenture. This trend is expected to continue. Those who favor the private marketplace believe these plans give employees a better selection of choices that meet their needs both personally and financially. And these plans are much easier to review and respond to with the advent of today’s technology. Also, respected benefit management companies offer a wide range of plans designed to meet everyone’s budget. These include lower premium plans with high deductibles, as well as comprehensive plans that carry high premiums. With mandatory employee plans comes mandatory reporting, with employers required to keep track of their employees’ benefit plans on a monthly basis. Heavy fines and other penalties can occur if these reporting functions don’t work properly. It is a time- and labor-intensive function that many employers don’t take into consideration when reviewing corporate benefit management commitments. If you would like more information on private exchange plans, or would like to know about other strategic insurance solutions, call at 847.307.6100 and speak to a professional at The Plexus Groupe, or visit us on the web at **[www.plexusgroupe.com](https://blog.plexusgroupe.com/)**. ### Related Post ##### [Employers turn to private exchanges for workers health insurance](https://blog.plexusgroupe.com/plexus-blog/employee-benefits/employers-turn-to-private-exchanges-for-workers-health-insurance) With firms of more than 50 employees required to offer workers health insurance, there are a... ##### [Private exchanges: costly experience, or a way to lower healthcare costs?](https://blog.plexusgroupe.com/plexus-blog/employee-benefits/private-exchanges-costly-experience-or-a-way-to-lower-healthcare-costs) Numerous companies have moved to using private exchanges to manage health care costs while giving... ##### [Executive order on health plans could expand access to association health plans, change HRA rules](https://blog.plexusgroupe.com/plexus-blog/news/executive-order-on-health-plans-could-expand-access-to-association-health-plans-change-hra-rules) On Thursday, President Trump signed an executive order urging the Department of Labor to consider... [![The Plexus Groupe](https://blog.plexusgroupe.com/hs-fs/hubfs/Logo%20and%20Design%20Files/plexus_sis_logo_color.png?width=1468&height=368&name=plexus_sis_logo_color.png "The Plexus Groupe")](https://www.plexusgroupe.com/) HQ: 21805 W. Field Parkway Suite 300 Deer Park, IL 60010 847.307.6100 [communications@plexusgroupe.com](mailto:communications@plexusgroupe.com) Copyright © 2022 The Plexus Groupe. All Rights Reserved. [Privacy Policy |](https://www.plexusgroupe.com/privacy-policy) [Terms & Conditions](https://www.plexusgroupe.com/privacy-policy#:~:text=with%20its%20operators.-,TERMS,-OF%20USE) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Artoon", "url" : "https://blog.plexusgroupe.com/author/artoon" }, "dateModified" : "2019-12-09T20:02:36.583Z", "datePublished" : "2015-07-09T05:53:23.000Z", "headline" : "Effects of private exchange plans on employers", "mainEntityOfPage" : { "@id" : "https://blog.plexusgroupe.com/plexus-blog/employee-benefits/third-header", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.plexusgroupe.com/hubfs/Plexus%20Logos/The%20Plexus%20Groupe/Plexus-External-Padded.png" }, "name" : "The Plexus Groupe LLC" } } ```