BizTimes Money Weekly: Johnson Insurance offers private exchange

Racine-based Johnson Insurance Services has created a private health insurance exchange for businesses under the Affordable Care Act.

The Johnson Insurance Marketplace is an online marketplace where employees can shop for health insurance using an employer’s defined contribution.

So far, United Healthcare, Humana, Common Ground Healthcare Cooperative, Network Health Plan and WPS Health Insurance/Arise Health Plans have joined the exchange.

The carrier offers a choice of four to six insurance plans for each employee. Employees can compare plan costs and benefits from different tiers of coverage. They can also include dental, vision, life or disability insurance in their individual package.

“Our clients asked us to provide them with an alternate benefits model with advantages for both the employers and their employees,” said Mark Behrens, president of Johnson Insurance. “With Johnson Insurance Marketplace, we’re giving employers additional insurance choices and easy-to-use decision-making tools that both the employer and the employee can appreciate and value.”

For more, read the BizTimes Money Weekly.

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