exchange_bswiftCompany name: bswift

Marketplace name: Springboard Marketplace

CEO or Practice Leader: Don Garlitz – Executive Director of Exchange Solutions

Main Location / Headquarters: Chicago, IL

Founded / Launched: February 2014

Website: Please click here

Membership/number of lives currently on platform: TBD

Segment size preference (“target business size”): 

  • bswift will work with any size clients to design a customized exchange. bswift has “channel partners” that adopt their technology and typically private label it and bring their clients onto the bswift platform. This marketplace usually serves under 1,000.
  • bswift’s own marketplace, Springboard Marketplace, is open to employers with as few as 50 full-time workers, however, bswift’s marketing campaign for the exchange is focused primarily on employers with at least 1,000 employees.

States of operation (if available): National

Are employers required to use a defined contribution: No; defined contribution or defined benefit

Carriers Offered: 

  • A wide variety of health plan options – both insured and self-insured – from numerous carriers across the country
  • Ancillary and voluntary benefits, including dental, vision, life, disability, accident insurance and more from leading carriers Assurant Employee Benefits, The Guardian Life Insurance Company of America, MetLife, and Unum

Decision Support: Decision support tools of bswift include an interactive benefits advisor or avatar, ‘Ask Emma,’ that walks the consumer through the enrollment process. Ask Emma gets to know the personal needs and preferences of the employee and helps the his or her identify which plans participate with specific providers. Using these answers, Ask Emma presents the plans that best fit the specific needs of the employee and guides the employee through finding the plan that best fits the employee’s expected utilization pattern.

How does exchange get compensated: TBD

Standard or Custom Product Configuration: TBD

Do they Utilize Other Technology Company Solutions:

Single-carrier or Multi-carrier: Both