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NEWS RELEASE
CONTACT:
Bruce Lee
+1 212 345 0553
bruce.lee@mercer.com
Mercer Marketplace™ -- the flexible private exchange solution
-- posts gains in individual participants and clients
· 247 companies with 500,000 active employees and retirees, representing a total of
over 1 million eligible lives, have chosen the Mercer Marketplace private exchange
solution
· Voluntary benefits and individual medical coverage represent access to an
additional 1.5 million eligible lives
· Employers realize per employee medical plan cost savings of up to 15%, and an
average 10% on certain ancillary products
New York, October 13, 2014
Mercer, a global consulting leader in talent, health, retirement and investments, and a wholly-
owned subsidiary of Marsh & McLennan Companies (MMC), announced today that 247
companies have chosen the Mercer Marketplace exchange for their active and retiree exchange
solutions. These relationships cover 500,000 employees and retirees and provide exchange
access for more than 1,000,000 lives, including dependents. This represents nearly five times the
reach of Mercer Marketplace when compared to 52 companies, 110,000 eligible
employees/retirees and 220,000 lives of a year ago. Additional enrollments for 2015 will continue
throughout 2014.
“The growth in people and companies attracted to our exchange platforms is a powerful
demonstration of the broad applicability of Mercer Marketplace solutions,” said Julio A. Portalatin,
Mercer’s President and Chief Executive Officer. “Our clients and their employees are confirming
that we offer the most flexible and complete private exchange in the market that meets the real
needs of a wider spectrum of companies. Further evidence of our momentum is the acquisition of
40 new clients not previously served by Mercer’s health business in addition to our continued
growth with existing clients.”
A 2014 analysis of purchasing behavior on Mercer Marketplace showed that, given the
opportunity to choose from a range of benefit options, many consumers purchased lower-cost
medical plans. That, combined with access to Mercer Marketplace network arrangements, care
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Mercer Marketplace™ posts gains in individual participants and clients
New York, October 13, 2014
management and prescription drug programs, allows employers to achieve up to 15% medical
plan cost savings. In addition, Mercer Marketplace drove an average savings of 10% on the cost
of life and disability benefits. These savings are enjoyed by both employers and employees.
“These savings result from Mercer Marketplace’s purchasing power combined with consumer
decisions to purchase coverage that is more appropriate to their personal needs,” said Sharon
Cunninghis, Mercer Marketplace Leader. “The fact that employers were able to achieve significant
cost savings while offering their employees the ability to personalize their benefits is exciting
news. This satisfaction from both companies and individuals gives others confidence in the
exchange experience and positions this as one of the standard benefits models of the future.”
In addition to the employer active and retiree clients, several companies have selected Mercer
Marketplace as the platform for delivering voluntary benefits, with 330,000 employees (730,000
lives including dependents) eligible to select benefits through this program. Mercer also provides
access to individual medical insurance coverage to an additional 750,000 individuals through the
firm’s relationship with GetInsured. While enrollment in these offerings may initially be modest,
using Mercer Marketplace for delivery of voluntary benefits and individual medical insurance
provides an avenue for both employers and employees to begin to experience the advantages the
exchange platform offers.
Figure 1 – Breakdown of Mercer Marketplace Sales
Mercer Marketplace Sales
Companies
Eligible
Employees
Total
Lives
Employer Active 170 440K 975K
Retiree 77 60K 60K
Voluntary Benefits Only 3 330K 730K
Access Only (Individual Medical, via
GetInsured)
45* 340K 750K
Total 268 1.2M 2.5M
Source: Mercer
*27 of these clients are included in employer active as well; eligible employees and lives are unique to
each category
In total, across the full range of its active, retiree, voluntary benefits only and individual medical,
Mercer Marketplace will provide access to benefits to approximately 2.5 million lives in 2015.
To learn more about Mercer Marketplace, please visit
http://www.mercer.com/services/health/benefits-and-health-exchanges.html
About Mercer
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps
clients around the world advance the health, wealth and performance of their most vital asset –
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Mercer Marketplace™ posts gains in individual participants and clients
New York, October 13, 2014
their people. Mercer’s more than 20,000 employees are based in 43 countries and the firm
operates in over 140 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan
Companies (NYSE: MMC), a global team of professional services companies offering clients
advice and solutions in the areas of risk, strategy and human capital. With 55,000 employees
worldwide and annual revenue exceeding $12 billion, Marsh & McLennan Companies is also the
parent company of Marsh, a global leader in insurance broking and risk management; Guy
Carpenter, a global leader in providing risk and reinsurance intermediary services; and Oliver
Wyman, a global leader in management consulting. For more information, visit www.mercer.com.
Follow Mercer on Twitter @MercerInsights.