Introducing WEX Health & Transitioning to Defined Contribution

On this episode, the hosts talk private exchanges, defined contribution and more with special guests from WEX Health and the Council for Affordable Health Coverage.

For the first segment, the hosts welcome Brian Ridder, VP of Healthcare Exchange Sales at WEX Health, back to the program. Brian will provide listeners with a brief overview of WEX Health, which is the result of WEX’s acquisition of Evolution1 and Benaissance over the past 18 months. Additionally, Brian will provide insight into cutting-edge applications of consolidated premium billing. These applications include group-based employer billing, featuring “Review and Repair” capabilities and unique application of individual consumer consolidated billing in the retiree market leveraging account-based HRA tools.

The second guest is Joel White, President of the Council for Affordable Health Coverage, an organization whose mission is to promote policies that increase competition, maximize consumer choice and ensure everyone has access to affordable coverage. Prior to CAHC, Joel spent twelve years on Capitol Hill as professional staff, where he helped enact nine laws, including the 2002 Trade Act, which created health care tax credits; the 2003 law that established the Medicare prescription drug benefit and health savings accounts; the 2005 Deficit Reduction Act and the 2006 Tax Reform and Health Care Act, which reformed Medicare payment policies. In this interview, Joel discusses why defined contribution is a necessary transition for promoting employer choice in health coverage.