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Group Plan Private Exchange

PSA is the first broker/consultant in Maryland to partner with Bright Choices Exchange®, a market-leading private exchange operated by Liazon Corporation.

We are proud to introduce, the Bright Choices® Exchange, a revolution in buying and delivering employee benefits. Now businesses can control the ever-rising costs of benefits, particularly health insurance, while offering greater choice and coverage to employees all across the country.

The Bright Choices Exchange® features Fortune 500-type benefits for companies of all sizes, and includes: multiple Health care plans, Health Savings and Flexible Spending Accounts, three Dental Plans, Vision, Disability, Life, Supplemental Health, Pet Insurance, Wellness and Telemedicine.

Bright Choices® includes plans from the country’s top providers that you know and trust. You will find the most varied and cost-effective plans among hundreds that are offered to ensure the diverse needs of every family can be met.

Bright Choices® is a web-based private exchange where employees shop for benefits.

  • Employees pick benefits that meet their own needs.
  • Significant expansion in choice, especially for small groups.
  • More than just health insurance, Bright Choices® is a one-stop for all benefits.
  • Personalization through technology and service
  • Recommendations based on individual needs and complex scenario analysis.
  • Automated eligibility and enrollment.
  • Robust employer and employee services.

Areas of Employee Benefits

Recent Blog Posts

Jun
16th
5 Ways Cyber Insurance Can Help Your Physician’s Practice Manage Cyber Risk

Did you know? To date, in 2017 there have been 133 reported data breaches in the healthcare industry – on average 17,849 records breached per incident. The Ponemon Institute estimates the cost per lost or stolen healthcare record to be about $400. This does not include fines and penalties, which can further increase the cost. […]

Jun
8th
Ever been asked to provide a Certificate of Insurance?

A question I hear from clients often is “How do I get a Certificate of Insurance?” A request for a Certificate of Insurance (COI) may be the most frequent interaction you have with your property and casualty broker or your insurance carrier. If you’ve never had to obtain a COI before, here’s an overview of […]

May
31st
What is a Controlled Group?

When several entities (whether incorporated or unincorporated) share common ownership, a controlled group or common control may exist.  For many IRS benefit plan purposes, a controlled group is treated as a single employer.  For example, the determination of an employer’s size for purposes of COBRA, Medicare Secondary Payer rules and the ACA’s Applicable Large Employer […]

May
25th
PSA’s Office Renovation Improves Employee Engagement, Performance and Client Experience

Research has shown that employees who are highly dissatisfied with their work environment are often the least engaged. And that lack of engagement can often translate to poor customer service and less satisfactory client outcomes. At PSA, we recognize the importance of a favorable work environment for our employees — so they’re equipped to better […]