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Insurance Marketplace
• The company avoided a large
rate hike.
• The company set its own
benefits budget.
• The company determined how to
divide its benefits budget among
the employees.
• The company chose the benefits,
carrier, and plan options to offer
its employees.
• The employees were educated by
a Network Broker about their
benefits choices.
• The employee enrolled in the
marketplace as an informed
consumer who could choose the
benefits that were best for them and
their family.
• The employee had the opportunity
to purchase ancillary and voluntary
benefits beyond health insurance –
some of which they had never had
access to – such as vision, dental, life
and disability insurance coverage.
• The company enjoys the ease of
administration of its benefits package.
• The TAB Member’s Choice Health
Insurance & Benefits Marketplace
allows TAB members to work together
to make carriers compete in one place
for your business, giving us leverage to
keep costs as low as possible.
The TAB Member’s Choice Health
Insurance & Benefits Marketplace
uses technology that compares plans,
asks employees questions about their
needs, and advises them and their
employees on their choices. In addition
to the support of a Network Broker, the
marketplace has 365/24/7 support.
For more information and a list
of the Network Brokers, visit the
TAB Member’s Choice Health
Insurance & Benefits Marketplace at
Example of a
Marketplace Enrollment
A company with 18 employees was on an Anthem Blue
Cross Gold Plan and faced a large rate increase for the
coming year – an increase that the company could not
afford. The employer decided to end its defined benefits
plan and transition to a defined contribution plan,
allowing the company to control costs while providing
great benefits options to the employees.
1. The first conversation is with a Network Broker about
what the employer can afford to spend on benefits.
2. Once the decision is made to go with a private
marketplace like the TAB Member’s Choice Health
Insurance & Benefits Marketplace and defined
contribution plan, the Network Broker works with the
employer to develop a benefits budget with which the
employer is comfortable.
3. Then, the company decides what benefits, carriers,
and plans from the marketplace will be offered to
employees. The employer designs the plan that is the
best fit for their company and is not limited to just
one carrier or benefits package. (One employer may
prefer Blue Cross, another may choose Humana, or
UnitedHealthcare may be best for another company.)
4. The employer decides how to divide up the benefits
budget among the employees. That decision can be
determined by age banding, whether the employee
has a spouse, whether the employee has children,
positions within the company, etc.
5. The employee meets with a Network Broker who talks
with them about how the marketplace works and
their choices and ability to make their own health
insurance and benefits purchasing decisions based
on what is best for them and their family, and the
employee is informed of the defined contribution the
company has put on account for them.
6. The Network Broker walks the employee through the
enrollment process using the funds the employer has
put on account for them. If the employee spends more
than what has been put on account, the balance is
paid by the employee through payroll deduction.
7. The company pays the carriers each month based
on what the company budgeted plus what has been
deducted from the payroll of employees.
What was Accomplished by Using the Marketplace?
