Mercer introduces a private benefits exchange for active employees – Mercer MarketplaceSM

  Mercer introduces a private benefits exchange for active employees – Mercer
  MarketplaceSM

  *Robust platform and service will assist both employers and their employees
    to more effectively manage benefit costs
  *Employees will have superior choice, flexibility and service
  *Scalable platform able to serve companies both large and small

Business Wire

NEW YORK -- January 10, 2013

Mercer, a global consulting leader in talent, health, retirement and
investments, today announced the launch of Mercer Marketplace^SM, a private
benefits exchange designed to help employers more effectively manage their
benefit costs while providing employees and their dependents with superior
choice, flexibility and service. This is an important addition to the suite of
solutions that Mercer provides clients.

“The convergence of a number of critical factors – the unsustainable rise in
benefit costs, healthcare reform, ‘consumer-driven’ solutions, and improving
technology – is transforming the provision of employee benefits,” said Julio
A. Portalatin, President and CEO of Mercer. “Mercer Marketplace provides our
clients with a market-leading platform and service to support their employees
in this transformation.”

Mercer’s new benefits exchange will provide employers with an opportunity to
continue offering competitive benefits to their employees, which is an
important attraction and retention tool, while actively managing spending and
reducing their administrative responsibilities. Employees will have access to
a broader array of benefits, as well as the ability to tailor those benefits
to their particular needs, with the necessary support to make appropriate
decisions.

Employers of all sizes that use the Mercer Marketplace will have the
flexibility to determine how much to contribute toward the cost of their
benefits program and can select from a wide range of insured and self-funded
products to offer to their workforce. They can thus design a competitive
benefits program while understanding and controlling the costs associated with
a wide range of options. The platform includes full benefits outsourcing and
will support employees with call center and online decision support during the
enrollment process and beyond.

Mercer Marketplace will allow employers and employees access to a broad array
of benefits – both traditional and voluntary – from multiple insurance
providers, along with education tools and support to help employees customize
their choices to better fit their needs. This private exchange will be
available to employers with at least 100 employees.

“Mercer research indicates that 56% of employers are considering a private
exchange to provide benefits to their active employees or retirees,” said
David Rahill, President, Health & Benefits at Mercer. “What distinguishes
Mercer Marketplace is the breadth of our benefit offerings, a scalable
platform able to serve companies both large and small, and our extensive
‘direct-to-consumer’ experience. Helping employees make informed decisions is
a critical component of this model.”

Mercer Marketplace utilizes a technology platform developed by  Benefitfocus
that is customized for Mercer clients.  This cloud-based technology helps
employers streamline the administration of their benefits plans. "Mercer has
designed a powerful private exchange through which employers can offer
employees a full set of benefits,” said Shawn Jenkins, President and CEO of
Benefitfocus. “Mercer has combined it with our benefit administration platform
to simultaneously reduce administrative costs and increase employee choice. We
believe this will be well received and very competitive.”

The Mercer Marketplace private exchange joins the other Mercer solutions that
make up the Mercer Exchange Suite, which includes a Medicare exchange,
voluntary benefits and collective offerings including Mercer Health
Advantage^SM.

More information about Mercer Marketplace is available from Mercer consultants
and online at http://www.mercer.us/articles/mercer-exchange-suite.

About Mercer

Mercer is a global consulting leader in talent, health, retirement and
investments. Mercer helps clients around the world advance the health, wealth
and performance of their most vital asset – their people. Mercer’s 20,000
employees are based in more than 40 countries. Mercer is a wholly owned
subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of
professional services companies offering clients advice and solutions in the
areas of risk, strategy and human capital. With 53,000 employees worldwide and
annual revenue exceeding $11 billion, Marsh & McLennan Companies is also the
parent company of Marsh, a global leader in insurance broking and risk
management; Guy Carpenter, a global leader in providing risk and reinsurance
intermediary services; and Oliver Wyman, a global leader in management
consulting. For more information, visit www.mercer.com. Follow Mercer on
Twitter @MercerInsights.

About Benefitfocus

Benefitfocus is the largest benefits technology provider in the US. More than
18 million members, 300,000 employers and 60,000 brokers use our cloud-based
platform to shop, enroll, manage and exchange all their benefits in one place.
From consumer engagement and education to enrollment, communication and
billing, Benefitfocus is helping companies find a better way to manage their
benefits. For more information, visit www.benefitfocus.com. Benefitfocus – All
Your Benefits. One Place.

Contact:

Mercer
Stephanie L. Poe
+1 202 331 5210
stephanie.poe@mercer.com
 
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