Private health insurance exchanges will continue to draw broad interest from employers in 2015, but new adoptions will likely be limited to benefit programs for certain types of employee groups as employers start to ask what they have to gain from using them, according to a new report by Wells Fargo Insurance Services USA Inc.
Employers with large retiree populations, as well as firms in industries with traditionally low-wage or part-time workforces, are more likely to gravitate toward private exchanges as an alternative means of providing health care benefits next year, Wells Fargo said in its 2015 Employee Benefits Outlook report.
“There are good reasons for going into an exchange,” Tim Prichard, Wells Fargo’s executive vice president and national employee benefits practice leader in Woodlands, Texas, said. “Retiree populations and high-turnover, low-income or part-time workforces are probably a good fit for an exchange solution. But we’ve seen very few employers outside of that moving to exchanges for active employees.”