|[May 02, 2014]
Krauter & Company Advances the Private Health Insurance Exchange Platform with Advisory Services
NEW YORK --(Business Wire)--
Employers are looking for the most effective way to control healthcare
spend while continuing to meet the needs of a diverse workforce; many
are turning to private exchanges. However, the popularity and rapid
growth of private sector exchanges has also resulted in confusion and
hesitation for companies faced with tackling increasing healthcare costs.
"For many companies switching to an exchange it's an upgrade from their
traditional healthcare plans; it's a win-win for employers and
employees, but we believe that offering one exchange program to our
clients isn't sufficient," says Neil C. Krauter, CEO of Krauter &
Company. "Our clients need options and advice that is independent from
the exchange owner."
Krauter & Company's Private Health Exchange Solution Platform provides
an innovative and timely approach to identify which exchange meets the
client's best interests while also evaluating more traditional
strategies. With multiple established private exchange partnerships in
place, Krauter & Company's Exchange Services provides clients with a
side by side analysis of traditional plans and multiple exchanges.
Multiple reports have suggested that excange adoption will skyrocket in
coming years; however, according to the Private Exchange Evaluation
Collaborative, over 80% of employers agreed that immaturity of the
private exchange market and limited information about private exchanges
are the greatest barriers to private exchange adoption. "In order to
deliver a truly comprehensive healthcare solution, we believe providing
access to more than one third party exchange is necessary," says
Krauter's Director of Private Exchanges Brian Clay. "Our consultative
approach allows us to remain impartial while conducting analysis to
align the best solution with each client's unique needs."
Krauter & Company's consultative approach to the private exchange market
ensures that clients are receiving a solution that serves the goals of
the employer, not the goals of the benefits consultant or Private
Exchange vendor. "We pride ourselves on client service. This means
providing clients with the information and tools necessary to ease their
concerns. Krauter's Exchanges Services allows us to do that," says Scott
Nestle, Managing Director or Krauter & Company's employee benefit group.
About Krauter & Company
Krauter & Company is a full-service global insurance and benefits broker
that has reengineered the brokerage model, enabling it to deliver the
best individually tailored risk-management and human-resources solutions
possible. The firm's roots and core focus is centered on private equity
and other principal investment clients and their respective portfolio
companies/holdings. Incorporated in 2004, Krauter & Company has seen
rapid growth throughout the United States with offices in New York,
Boston, Atlanta, St. Louis, San Francisco, Dallas, Fort Worth, Portland,
Houston and Chicago. Krauter & Company's capabilities span domestic and
international property & casualty, executive liability, employee
benefits and personal lines.
For additional information on Krauter & Company, please see the company
website at www.KrauterGroup.com.
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