The Marcum Benefits Marketplace comprises multiple private exchange platforms designed to facilitate selection, enrollment and administration of health insurance, as well as other benefits, for small to middle-market businesses. It is also intended to help clients and others comply with the health insurance mandates of the Patient Protection and Affordable Care Act (ACA).
The Marcum Benefits Marketplace is geared for employers with 1,000 or fewer employees. It also offers a prescription discount program, dental insurance and travel insurance. Additionally, members are given access to the full portfolio of financial planning and portfolio management services available from Marcum Financial Services.
“The mandate to provide health insurance is particularly onerous, complex and costly for companies in the small and mid-market categories, as these employers are less likely to have the resources on staff to facilitate ACA compliance,” says Steven D. Brett, president of Marcum Financial Services, based in New York. “Many employers are switching to a defined contribution approach when it comes to health insurance, and they need the technology to administer this approach.”
Brett adds that the Marcum Benefits Marketplace puts all the information employers need in a single location, saving them the considerable time and frustration of going it alone.
In addition to providing a selection of health insurance products, Marcum Financial Services provides cost-benefit analyses to help companies choose the most advantageous benefits programs, configured to their specific needs and budgets. Companies electing group plans will receive custom-branded, secure portals where employees can register, become educated about their options and make their benefit selections.
More information can be found here.
Marcum Financial Services LLC is an independent financial and wealth management advisory firm providing professional advice, risk management and investment products.