SOURCE: bswift

bswift

November 20, 2013 10:07 ET

MRCT Benefits Plus Announces Private Exchange Partnership With bswift

Broker Has Platform for Missouri's First Statewide Private Exchange

ST. LOUIS, MO and CHICAGO, IL--(Marketwired - November 20, 2013) - MRCT Benefits Plus, a comprehensive employee benefits, financial products, and human resources consulting firm, today announced they have selected bswift, a leader in software and services for employee benefits administration, to provide the exchange technology platform for Missouri's first private exchange. The exchange will handle the administrative, compliance and enrollment complexities that are too often overlooked in the industry.

"We are excited to bring the first multi-vendor private exchange to Missouri and Southern Illinois," said Holley Maher, Partner at MRCT Benefits Plus. "We look forward to offering brokers and employers a private exchange that is designed to manage costs for employers, employees and brokers while still offering competitive benefit options."

MRCT is leveraging bswift's proven technology to provide functions and capabilities including:

  • A robust defined contribution platform for employers and employees
  • Shopping tools, decision support, and enrollment for employees
  • Employer tools including reporting, dashboards, and alerts
  • Broker tools, including proprietary analytics
  • Electronic Data Interchange (EDI) files and transmissions to carriers and payroll
  • Financial management including billing

"MRCT Benefits Plus has designed an intelligent private exchange to help employers manage benefit costs and increase employee satisfaction in the increasingly competitive landscape for attracting and retaining talent," remarked Don Garlitz, Executive Director of Exchange Solutions, bswift. "MRCT has been instrumental in getting bswift connected with insurance companies in the St. Louis area, and their pioneering work on the local level could benefit other brokers across the country who will offer a private exchange solution using bswift technology." 

This new statewide private exchange will feature three major health insurance carriers: UnitedHealthcare, Anthem Blue Cross and Blue Shield in Missouri, and Coventry. MRCT's private exchange will provide a single place for brokers to offer all coverage options including non-medical products with companies such as The Guardian Life Insurance of America, Unum, Assurant Employee Benefits and MetLife. The exchange will serve small and medium businesses with 10 - 1,000 employees and will launch in January 2014. To find out more about the exchange, visit http://www.smartbenefitsplus.com/exchange.

About MRCT Benefits Plus
MRCT Benefits Plus, the 5th largest benefits firm in St. Louis, offers comprehensive employee benefits, financial products and Human Resources consulting. The company has been providing long-term benefits solutions to employers, individuals and brokers for over 25 years.

MRCT Benefits Plus prides itself on finding ways to offer a unique and creative perspective to employers, individuals, and insurance agents throughout Missouri and Southern Illinois. Wherever critical needs exist, MRCT Benefits Plus brings together the most talented and qualified members of its team to identify creative solutions, methods and resources. For more information, visit http://www.smartbenefitsplus.com/.

About bswift
Based in Chicago, bswift offers software and services that streamline benefits, HR and payroll administration for employers and public and private exchanges nationwide. bswift's state-of-the-art cloud-based technology and outsourcing solutions significantly reduce administrative costs and time-consuming paperwork, making life easier for administrators and millions of consumers who enroll in benefits with bswift. For more information, visit www.bswift.com and check out the bswift blog at www.bswift.com/blog.

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