Could Patient Protection and Affordable Care Act insurance exchanges encourage people to try to save money in their health care benefit choices?

Perhaps, though the enticement to do so might simply be more take-home pay, according to new data from employees using Bloom Health's defined-contribution private exchange.

Though they were given a greater number of choices in the private exchange, employees tended to select benefit packages that were "better aligned with their healthcare needs, risk tolerance and financial flexibility," Minneapolis-based Bloom Health said in a news release Monday.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.