April 23, 2014
Marcum Benefits Marketplace, Featured in CPA Practice Advisor Article, "Marcum Launches Health Insurance Marketplace."
By Isaac M. O'Bannon
Businesses, groups and individuals looking for health insurance and information now have a new resource, courtesy of the accounting firm Marcum LLP. The firm's affiliate, Marcum Financial Services, which is also a member of the Marcum Group of companies, has launched the Marcum Benefits Marketplace, a one-stop resource for health insurance delivery for groups and individuals.
Marcum is the only top national accounting firm to offer multiple private exchange platforms to help clients and others comply with the health insurance mandates of the Patient Protection & Affordable Care Act.
The Marcum Benefits Marketplace is designed to facilitate selection, enrollment and administration of health insurance as well as other benefits for small to middle-market businesses. The Marcum Benefits Marketplace is geared for employers with 1000 or fewer employees. The exchange also offers a prescription discount program, dental insurance and travel insurance. Additionally, members are given access to the full portfolio of financial planning and portfolio management services available from Marcum Financial Services.
“The mandate to provide health insurance is particularly onerous, complex and costly for companies in the small and mid-market categories, as these employers are less likely to have the resources on staff to facilitate ACA compliance, ” said Steven D. Brett, President of Marcum Financial Services. “Many employers are switching to a defined contribution approach when it comes to health insurance, and they need the technology to administer this approach. The Marcum Benefits Marketplace is the solution that provides employers with a centralized, easy-to-navigate resource where they can explore their options and become educated about their different choices, all from one central website. It puts all the information they could possibly need in a single location, saving them the considerable time and frustration of going it alone. ”