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(NEFI) is pleased to announce that it has
contracted with national employee benefit
consulting firm gbac, inc. of North Haven,
Conn., to launch a private health insur-
ance and employee benefits marketplace
for its members in Massachusetts. NEFI
will offer the program in partnership
with the Massachusetts Energy Marketers
Association (MEMA).
Given the tremendous burden that
health insurance and benefits requirements
place on each and every member of NEFI,
and the challenges posed to all our mem-
bers by Obamacare, NEFI is delivering a
much-needed solution. We are organizing
the most comprehensive, powerful and
user-friendly tool to aggregate all employee
benefits, the carriers that sell those benefits,
and the plans behind those carriers in one,
convenient, safe place for our members in
Massachusetts to use.
“The launch of our private marketplace
after the first of the year is important to
delivering a tremendous array of health
insurance and other employee benefit
options to our members – unlike what our
members could find anywhere else. In addi-
tion, our partner at gbac delivers important
compliance and administrative help to our
members in the wake of the Affordable Care
Act,” said Michael Trunzo, CEO of NEFI.
“MEMA is most pleased to be able to
offer these benefit programs to our member-
ship in partnership with NEFI,” said MEMA
President Michael Ferrante. “Our Board
of Directors is hopeful that this important
relationship with NEFI will strengthen and
enhance the vital services both associations
provide to the industry.”
The Connecticut Energy Marketers
Association has already opened a benefits
marketplace with gbac, and the Oil Heat
Institute of Rhode Island is also working
on one. The firm is also developing more
than a dozen other marketplaces across the
country with a variety of trade associations.
The world of employee benefits has
changed and continues to change. These
changes place enormous burdens on all
NEFI members and their employees,
regardless of the size of the company. NEFI
has decided to lead its members through
the minefield of all these changes with
professional guidance and with a private
marketplace for benefits, carriers and plans
selection second to none to make the lives
of our members easier. That’s what we’re
here for!
Every NEFI member’s insurance broker
can place their business in the NEFI mar-
ketplace. Our partner at gbac, who brings
us this tremendous marketplace, wants to
work with all brokers so that our members’
and our association’s strength is maximized
using this marketplace.
The NEFI/MEMA private health insur-
ance and employee benefits marketplace is
a great solution that will deliver for member
companies.
SMART.
Over 300 companies each
buying their health insurance and other ben-
efits for 6,000 employees in Massachusetts
and their dependents one at a time
does not
leverage their enormous potential buying
power. Three hundred companies all
buying their health insurance and employee
benefits in a NEFI-created marketplace
does
leverage their enormous buying power
.
SAVVY.
Where no market or competi-
tion for your business existed before,
the NEFI Health and Employee Benefits
Marketplace creates the very market
competition that has long eluded small
businesses. Now, with this marketplace,
we give you the same range of choices and
opportunities and leverage that single large
businesses enjoy.
NEFI’s health and employee ben-
efits marketplace will contain every major
employee benefit available today from
health to dental to life to vision to long- and
short-term disability and many others.
We bring you not just all of these different
benefits, we also bring you all the carriers
that offer these benefits along with their
different plans to choose from—all in one
robust, competitive environment where
you and your employees make their benefit
choices within a safe, professionally guided
environment available to you 24 hours a
day, 7 days a week, 365 days a year.
NEFI’s health and employee benefits
marketplace can easily change with any
change that comes from the benefits
industry or from government—assuring
you the peace of mind that with your
association you will always find the latest
and best employee benefit choices for your
business and employees.
Nowhere else will a NEFI member find
the extraordinary array of benefits, carriers
and plans to choose from, all in one place.
SIMPLE.
We streamline the entire
health insurance and HR benefits process so
that it is efficient and simple. Our market-
place website is intuitive and easy-to-use for
employees, HR managers and administra-
tors alike. Our services are designed to ease
your burden – not create another one. We
also use the best technology on the market
today. It’s intelligent, fully automated, and
can be configured the way you need it. Our
products and services are only as good as
the people behind them. Our experienced
team comes from first-rate companies in the
benefits, consulting, outsourcing and tech-
nology sectors, and they uphold our high
standards of excellence in everything they
do. That means we listen to your requests,
deliver what’s promised, and make sure it’s
done right.
COMPLIANT.
The Patient Protection
and Affordable Care Act (ACA or
Obamacare) is 2,700 pages of law and
25,000 pages of regulations from three fed-
eral agencies and climbing. It imposes $800
billion in 20+ new taxes on consumers,
businesses and employees through 2022.
A key service for NEFI members using this
powerful new health and employee benefit
marketplace is compliance assistance—
webinars and seminars for you.
