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Benefits of a Private Exchange in the Affordable Care Act era

Benefits of a Private Exchange in the Affordable Care Act era

Private exchanges benefit both employers and their employees, so it’s no surprise that over the past few years, they have experienced great success under the Affordable Care Act. So far, nearly 6 million people have enrolled in health insurance through a private exchange. This number is expected to double next year, and by 2018, it’s estimated there will be 40 million Americans enrolled in coverage through a private exchange. In order to participate in this growing alternative, GoHealth has partnered with ADP to create the ADP Private Exchange. This exchange gives employers the tools to help their part-time, temporary, and contract employees who are not otherwise eligible for employer-sponsored coverage to enroll in health insurance and access tax subsidy estimates that could lower their monthly premiums. Here are just a few ways the ADP Private Exchange can benefit both employers and their employees.   Burdens lifted for employers When the Cadillac tax – an excise tax on high-cost health plans – goes into effect in 2018, it’s expected to...

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