exchange_benefitbayCompany name: United Benefit Advisors

Marketplace name: benefitbay™

Technology used to power platform:

CEO or Practice Leader:  Zach Harris, President of benefitbay

Main Location / Headquarters:  Omaha, Nebraska

Founded / Exchange Launched: The platform opened in December 2013 for coverage to begin Jan. 1, 2014

Website: Please click here

Membership/number of lives currently on platform: TBD

Segment size preference (“target business size”):  Employers with 50 or fewer employees

States of operation (if available): Offered exclusively through United Benefit Advisors Partner Firms and the company’s goal is to provide a 50-state solution

Are employers required to use a defined contribution: Yes

Carriers Offered:  Works with local, regional, and national carriers  

Decision Support: Employees sign up on benefitbay’s™ online system and answer questions, mostly about health care use, such as medications, names of doctors and number of doctor visits per year. benefitbay™ responds with a choice of health insurers, with each offering a range of plans that vary by coverage, premiums and other factors. The insurers are those licensed in the employee’s state. The employee can compare costs and plans from benefitbay™ and from the public exchange. Customer service is also available 7am-7pm Central time, Monday through Friday.

How Does Exchange Get Compensated:

Standard or Custom Product Configuration:

Do They Utilize Other Technology Company Solution:

Single-carrier or Multi-carrier: Multi-carrier