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Dallas-based Roach Howard Smith & Barton announced it is now offering a private health benefit marketplace for businesses.

The Assurex Global Private Exchange is a private marketplace platform that gives employers a range of administrative flexibility and employee health benefit options.

As an Assurex Global partner, Roach Howard Smith & Barton is offering this customizable insurance plan to middle market employer groups.

In collaboration with employee-benefits outsourcing partner, Businessolver, this private exchange allows employers to offer benefits while removing the heavy lifting of benefits administration. The key advantages include:

• The ability to choose either a defined contribution or a defined benefits plan
• A prepackaged set of medical and ancillary benefits for employers and their employees
• Support for Affordable Care Act record-keeping responsibilities
• Business data integration that enhances the benefit administration experience
• Flexible decision support tools that make employee choice easier

Within the next five years, nearly 20 percent of employees nationwide are expected to get their health insurance through a private exchange, according to Accenture Research.

The Assurex Global Private Exchange offers national and regional carriers, as well as a variety of ancillary options, such as vision, dental and voluntary product offerings. Depending on the market, specific plans and carriers may vary.

Source: Roach Howard Smith & Barton