Employers are seeking alternate methods for providing healthcare coverage, and research shows many believe the private exchange is the answer they are looking for. To assist employers in solving their benefit challenges such as identifying cost efficiencies, driving sustained employee engagement and creating administrative ease, Gallagher Marketplace was created.
With the Gallagher Marketplace, organizations provide employees a set amount of money (called the defined contribution) to spend on benefits. Employees then log onto the online portal, fill out a quick questionnaire, receive personalized recommendations, and then purchase the benefits that suit their individual and family needs. The Gallagher Marketplace also has an extensive Help Center available to assist employees in understanding their benefits.