WALNUT CREEK, Calif. and MINNEAPOLIS, Oct. 3, 2013 /PRNewswire/ -- As its latest addition to a growing range of employee benefit solutions, Ascension Benefits & Insurance Solutions, partnering with Minneapolis-based Bloom Health, announces BenXchange by Ascension.
BenXchange by Ascension is a private exchange model that gives clients the ability to offer employees an online benefits marketplace, providing a new solution for personalized benefits. Employees can choose from a variety of insurance carriers and ancillary products. To assist consumers with their purchasing decisions, Bloom Health's user-friendly decision-support tools offer a unique way to communicate with and educate individuals to increase satisfaction for both employees and Ascension's employer clients.
BenXchange by Ascension allows employers to implement a defined contribution solution to provide personalized benefits in a group market setting. This offering can help employers of all sizes obtain better cost predictability while responsibly engaging their employees in making their own health benefit purchasing decisions with increased choice and personalization.
"Ascension found a great partner to help us bring private exchange technology and software solutions to our clients," Ascension Chief Strategy Officer Nicole Jones-Gyllstrom said. "Bloom Health's platform is the best fit to complement our existing range of employee benefit consulting and brokerage services."
"We are delighted to partner with Ascension," Bloom Health Chief Executive Officer Simeon Schindelman said. "The consultative expertise Ascension brings provides predictability and choice to the health insurance equation, two features that are essential in today's marketplace."
Ascension Insurance, Inc. and its affiliates offer specialized benefits and risk management brokerage and consulting services with a simple mission: helping clients succeed. Ascension goes beyond simply delivering technical expertise; we deliver business solutions. With over 450 employees and 35 locations nationwide, Business Insurance magazine has named Ascension as one of the 40 largest brokerage firms in the US by revenue.
About Bloom Health
Bloom Health is a leader in the private exchange defined contribution marketplace, committed to assisting employers of all sizes adopt an employer-sponsored benefits platform that provides true cost predictability for employers and increased choice and personalization for employees. Bloom Health was founded in 2009 and is headquartered in Minneapolis.
SOURCE Ascension Insurance, Inc.