1871831423Company name: Rose & Kiernan

Marketplace name: RKXchange

Technology used to power platform: Employee Navigator

CEO or Practice Leader:  John F. Murray, Jr. –CEO of Rose & Keirnan; Robert Kuelzow –Senior Vice President of Rose & Keirnan

Main Location / Headquarters:  East Greenbush, NY

Founded / Exchange Launched: 2013

Website: Please click here

Membership/number of lives currently on platform: As of July, 2015 — Rose & Keirnan’s private exchange currently has 42 companies and 22,000 employees and family members. Additionally, Kieth Dolan, the company’s senior VP, said Rose & Kiernan is in discussions with 25 to 30 new companies that are considering a move to the private exchange.

Segment size preference (“target business size”): 20 or more workers; Plans will be available in three size categories­­—20 to 50 employees, 51 to 99 employees, and 100 or more employees.

States of operation (if available): NY

Are employers required to use a defined contribution:  Not required, but employers will be able to opt for a defined contribution approach

Carriers Offered: Rose & Kiernan has received commitments from the four major carriers serving the Albany market­—CDPHP, MVP Health Care, BlueShield of Northeastern New York and Empire Blue Cross. The RKXchange will allow employers to choose a carrier and then let their employees select from the five or six plans that company is offering.

Decision Support: Rose & Kiernan will provide counselors to guide people to the product that is right for them

Standard or Custom Product Configuration: Depends on client

Do They Utilize Additional Technology Company Solutions: Yes

Single-carrier or Multi-carrier: Multi-carrier