Marketplace name: Smart Choices™ Marketplace
CEO or Practice Leader: John Fiacco – CEO
Main Location / Headquarters: Chicago, IL
Founded / Launched: Founded in 2009
Website: Please click here
Membership/number of lives currently on platform: TBD
Segment size preference (“target business size”): Focuses on the small and mid-size employers
States of operation (if available): National
Are employers required to use a defined contribution: No; both defined benefit and defined contribution
Health Carriers Offered: National and regional carriers are offered
Ancillary/Specialty Carriers Offered: National and regional carriers are offered
Decision Support: Decision support tools include a Web-Based Resource Center, Online Subsidy Calculator, Live Call Center Support, and a Proprietary Recommendation Engine which gives consumers personalized recommendations based on their preferences, health profile, risk tolerance and budget
How does exchange get compensated: In the group space, ConnectedHealth gives brokers a choice. They offer a co-broker relationship or let the broker keep full commission and charge a PEPM fee. There is also a customization fee.
Standard or Custom Product Configuration: ConnectedHealth’s individual platform is preloaded with approximately 135 medical carriers. On the group platform, ConnectedHealth allows carriers and employers to design plans for each exchange – completely customizable.
Do they Utilize Other Technology Company Solutions:
Single-carrier or Multi-carrier: Both