EPIC Insurance Brokers and Consultants unveiled its next generation private exchange, coined EXP (The EPIC Exchange Platform) in partnership with Atlanta-based Hodges-Mace, LLC.
The offering includes benefits administration and enrollment, advocacy through a licensed call center and actuarially-based decision support tools that empower employees to select benefit plans specifically suited to their personal needs while managing ongoing benefit program costs.
EXP also includes:
- One-stop shop for benefits, offering medical, life, accident, disability and voluntary options, all with a single point of enrollment;
- Employee education and communications to help promote employee engagement and effective program use;
- Post enrollment benefits administration;
- Predictability of costs via a defined contribution funding approach as an additional option; and
- Patient Protection and Affordable Care Act (ACA) eligibility tracking, eligibility management and compliance reporting services.
EPIC’s platform leverages the collective purchasing power of non-medical coverage, including life, accident, disability and voluntary benefits. Benefits packages can also include different offerings or carriers for different geographical locations.
“[I]t’s increasingly important that the program fits the needs of a multi-generational and diverse workforce and is managed and delivered accurately and efficiently. The EPIC Exchange Platform is a great, flexible solution to help employers achieve these workforce strategies while reducing their costs and administrative burden,” says John Hahn, co-founder and CEO of EPIC.
“Employers are also looking for viable ways to stay compliant with ACA—a key trigger point for both public and private exchanges,” says Chris Duncan, chief growth officer and National Employee Benefits Practice Leader for EPIC. “The leading set of tools and capabilities that are offered through EXP go a long way in alleviating that burden for employers.
More information is at EPIC’s website.