Marketplace name: EmSpring Benefits Marketplace
Technology used to power platform: bswift
CEO or Practice Leader: Dan Fisher –CEO
Main Location / Headquarters: Yakima, WA
Founded / Exchange Launched: 2014
Website: Please click here.
Membership/number of lives currently on platform: TBD
Segment size preference (“target business size”): Target size is 50+ employees. The website also clearly states that the exchange is not designed for employers with fewer than 20 covered employees.
States of operation (if available): Pacific Northwest; Washington, Oregon and Idaho
Are employers required to use a defined contribution: Yes
Carriers Offered: EmSpring Benefits Marketplace provides local health plans and national carrier partners for more ancillary and voluntary benefits choices.
Decision Support: The system allows for employees to quickly and easily compare plan options to determine the best plan for their situation and circumstance. To simplify the process even more, users have the option to access a decision support tool to walk them through and ask them questions to determine the best plan choices.
How does exchange get compensated: TBD
Standard or Custom Product Configuration: EmSpring consultants will work with their clients to determine which plan options they will offer their employees. Employers can also decide how much they want to contribute or subsidize for their employees. These plan options are then loaded into the Benefits Marketplace and employees can select from the plan designs and coverage level that suits them best during their open enrollment period.
Single-carrier or Multi-carrier: Multi-carrier