The new exchange option, Blue Directions, is aimed at helping small employers manage their defined contribution strategies. The Blue Directions platform allows employees to choose a group plan offered by their employer or to choose an individual marketplace plan.
The employer-sponsored exchange also has a subsidy calculation tool, which allows employees to determine if they are eligible for financial assistance if they purchase a marketplace plan.
“Our new private healthcare exchange for small business takes the complexity out of designing and administering employee benefit programs by helping business owners make informed decisions, anticipate expenditures and simplify year-round benefits administration,” said Bert Marshall, president of BCBS of Texas.
More articles on healthcare exchanges:
More than half former participants won’t use federal exchanges this year
Aetna to acquire private exchange provider Bswift for $400M
UnitedHealthcare to offer plans on Alabama insurance exchange
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
