AIB, Announces Launch of Customizable Private Exchange Technology to Help Employers and Employees Through the Revolution Occurring in Health Insurance

This approach allows even the smallest of businesses to offer their employees quality health-related benefits, while maximizing the IRS approved benefits of tax savings for both the employer and employees.

Phoenix, AZ, November 02, 2013 --( American Insurance Benefits, today announced the launch of a Private Exchange technology system that provides employers and employees the ability to participate in one of the fastest growing trends in health insurance – Defined Contribution Health Plans. Like the 401k transition of years ago, this trend will continue as group insurance plans become less and less viable due to cost and regulations.

According to Andrew Orlikoff, Benefits Advisor, a defined contribution health plan is an important alternative to traditional group health plans for those who can no longer qualify for or afford them and they are growing rapidly in popularity. Rather than paying a portion, or all of a premium, under a defined contribution health plan, an employer can offer no contribution at all or if preferred, set aside a fixed dollar amount each month for employees to use to pay for their choice of individual health insurance or other medical costs such as doctor visits, dental insurance, and prescription drugs.

Mr. Orlikoff said that this approach allows even the smallest of businesses to offer their employees quality health-related benefits, while maximizing the IRS approved benefits of tax savings for both the employer and employees.

Mr. Orlikoff said that employees participating in a defined contribution program through their employer are directed to the agent’s private exchange website where they can compare and select a policy from among a variety of individual health plans being offered by health insurers in their area.

Mr. Orlikoff said that the private exchange is a tool that provides employees with more choice and makes it possible for agents to more effectively provide services to large numbers of individuals and their families rather than employer groups. Employees can choose to be connected to live experts, licensed in all 50 states, who can provide them the best options for their family regardless of pre-existing conditions or budget. Experts will look for the right plan in 4 different markets:

1. Personal health plans – all the major carriers, medically underwritten
2. Short Term Medical Plans – fewer UW requirements, lower cost
3. State and Federal Risk pools – must qualify, guaranteed issue
4. Limited benefit plans – low cost options, guaranteed issue

The Private Exchange is not limited to just health insurance solutions, although that is the greatest concern for most employers and employees. They have experts available in life insurance, long term care insurance, Medicare supplements, voluntary benefits (accident, critical illness, hospital indemnity), and even property and casualty insurance.

Forward thinking employers have already begun adopting the American Insurance Benefits solution to their benefits challenges. Early adopters to this model are already finding it to be the perfect solution especially if they had given up on offering their employees any type of benefits. Now you can offer access to individually owned, selected benefits at little or no cost to you the employer. In fact many are seeing savings and no financial obligations.

More information about defined contribution plans and American Insurance Benefits services can be found at

About American Insurance Benefits
With almost 15 years experience in the insurance and financial services industry, Andrew Orlikoff, President of AIB created a company that offers customized solutions for each of our clients unique needs. AIB has grown to become a "one stop shop" for all of our customers throughout the country. We represent the top-rated companies in the industry. From health insurance, automobile insurance, life insurance to financial services our staff is licensed and ready to assist you. Our advisors are certified with the latest insurance benefits and regulations (Affordable Care Act, HRA's, defined contribution programs and more). This knowledge allows us to present solutions to individuals, businesses and associations for which they previously were unaware.

Mr. Orlikoff is a licensed insurance professional and has been helping people with their insurance needs for almost 15 years. He left a career with AT&T shortly after purchasing his own life insurance policy. "I knew nothing about insurance and relied completely upon the agent that came to my home and I thought was there to help me. I later came to realize that the agent was only taking care of his commission. I began doing extensive research to ensure my next insurance purchase would be the right one for my family. That is when I became interested in the industry. I had a friend in the insurance business who persuaded me to try out a new career. It turned out to be a very rewarding change. I am now able to earn a living while at the same time allowing me to help other people. I always think back to my first experience when I was the client. I ensure that my clients have a far better experience than I did. My job is to make sure my clients are informed so that together we make the right decisions."
American Insurance Benefits
Andrew Orlikoff