MJ Insurance Private Exchange

exchange_mjinsuranceCompany name: MJ Insurance

Marketplace name: MJ Insurance Private Exchange

Technology used to power platform: Assurex Global Marketplace Platform

CEO or Practice Leader:  Michael H. Bill, CEO of MJ Insurance

Main Location / Headquarters:  Indianapolis, IN

Founded / Exchange Launched: Launched in April 2014

Website: Please click here.

Membership/number of lives currently on platform: TBD

Segment size preference (“target business size”): Target Middle-market employers

States of operation (if available):  Available in both the Indianapolis and Phoenix markets

Are employers required to use a defined contribution:  No; ability to choose a defined contribution or a defined benefits plan

Carriers Offered: UnitedHealthcare, Anthem and Aetna along with a host of other medical and ancillary carriers

Decision Support: Flexible decision support tools that make employee choice easier

How does exchange get compensated:

Standard or Custom Product Configuration: Prepackaged set of medical and ancillary benefits for employers and their employees

Single-carrier or Multi-carrier: Multi-carrier