Participating employers will have the option of offering their employees a wide range of elective benefit plans during this fall’s annual enrollment season.
The elective benefits that can be offered to employees beginning January 1, 2015, include:
- critical illness insurance,
- accident insurance,
- hospital indemnity,
- life insurance,
- long-term disability,
- identity theft protection,
- home/auto insurance, and
- pet insurance.
Aon said it expanded offerings on the exchange to meet increasing employer demand to have additional benefits delivered via an exchange platform. Data from 2014 enrollment in the Aon Active Health Exchange shows employees engage in the exchange like consumers (see “Evidence Suggests Private Exchanges Are a Win-Win”).
Through the Aon Active Health Exchange, employees will also have access to a robust suite of education and decision support tools to help them purchase the right coverage to meet their individual needs, as well as understand how their elective benefits align with their overall benefits package.
“More and more employers are looking beyond just medical and dental to offer an array of elective benefits that support employees’ overall ‘wellbeing,’ including their physical, financial, emotional and social health,” says Cary Grace, CEO of Aon Exchange Solutions. “The Aon Active Health Exchange enables employers to offer the elective benefits most relevant to their employee population in a retail shopping environment, where they can easily compare their elective benefit options and select the plans that are right for them and their families.”
More information about the Aon Active Health Exchange is here.