Marketplace name: SynergiesSELECT
Technology used to power platform: Corporate Synergies’ private exchange utilizes SmartBen’s cloud-based benefits exchange platform
CEO or Practice Leader: John Turner, CEO of Corporate Synergies Group.
Main Location / Headquarters: Mt. Laurel, NJ
Founded / Exchange Launched: February 2013
Website: Please click here.
Membership/number of lives currently on platform: TBD
Segment size preference (“target business size”): Employers with 100 or more employees
States of operation (if available): Available to Corporate Synergies clients
Are employers required to use a defined contribution: Yes
Carriers Offered: Eight major insurers now are writing coverage in the exchange, with that number expected to increase as more insurers sign agreements, a Corporate Synergies spokesman said. Corporate Synergies did not disclose the names of the insurers.
Decision Support: Participants in SynergiesSELECT will have access to BenefitsVIP, Corporate Synergies’ employee advocacy program that assists users in navigating their health and welfare benefits in order to use them efficiently. Other decision support includes: Employee survey of health needs, financial profile and risk tolerance, plan options based on survey input, as well as other intuitive decision support tools such as avatar technology
How does exchange get compensated:
Standard or Custom Product Configuration:
Do They Utilize Additional Technology Company Soloutions:
Single-carrier or Multi-carrier: Multi-carrier