October 15, 2013 – New York City – Mercer has signed up 52 employers to offer a comprehensive range of benefits through Mercer’s private exchanges for the 2014 plan year. These employers include Petco and Kinder Morgan.
Mercer anticipates that the exchanges will cover 200,000 employees, retirees, and family members next year. The 52 employers range in size from 100 to 30,000 employees and represent more than 15 industries.
“We’re delighted that Petco and Kinder Morgan as well as so many other leading employers are choosing to offer benefits through Mercer’s private exchanges for 2014,” said Julio A. Portalatin, Mercer’s President and CEO. “This speaks to their recognition that Mercer’s exchange offerings provide the opportunity to manage their costs, simplify plan administration, and offer employees and retirees a range of benefits to meet their needs.”
Thirty-three early adopters have chosen Mercer Marketplace, Mercer’s private exchange for active employees, to offer in 2014 a range of medical, dental, life, disability, and other voluntary benefit choices. In addition to Petco, some of the employers that will also offer Mercer Marketplace to their active employees include DineEquity (parent company of Applebee’s Neighborhood Grill & Bar® and IHOP® restaurants), Addison Group LLC, Cosentry, PAS Technologies Inc., Sanborn Map Company, Surgical Specialties Corporation, Kraus Flooring, and Vistronix. The employees covered under these 33 active plans total 75,000 and including dependents the number of individuals covered is anticipated to be 165,000.
Click the external link below to review the entire article: