N.C. Chamber Private Exchange Could Give Companies Options
(Carolina Journal) Following a national trend, the North Carolina Chamber of Commerce in January will begin offering businesses an opportunity to reduce the cost of employee health benefits through a private exchange.
The private exchange will allow employers to work around the coverage mandates of the federal Affordable Care Act, aka Obamacare, by letting employees select the coverage they wish to purchase. Rather than providing traditional, one-size-fits all defined-benefit insurance plans, employers would give employees a fixed amount of money (a defined contribution) to purchase the coverage they choose through the exchange.
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