RESTON, VA, OCTOBER 15, 2014: — hCentive, the leader in ACA health insurance exchange technology, today announced that the company was awarded a Federally Facilitated Exchanges Web Broker Entity Agreement with the Centers for Medicare & Medicaid Services (CMS). As a Web Broker Entity, hCentive can now access federal data to provide tax subsidy and eligibility information, enabling health plans, employers and broker organizations that use hCentive technology to complete enrollments seamlessly in states that chose not to create their own individual health insurance marketplaces under the Affordable Care Act (ACA).
hCentive built the first marketplace solution from the ground up to meet ACA requirements and has continued to innovate, releasing new platforms and services to enable clients to deliver healthcare coverage to consumers efficiently and effectively. The company offers groundbreaking solutions and deep healthcare market expertise, serving as a single point of accountability for health insurance organizations. hCentive’s Web Broker Entity status enhances that advantage by enabling seamless enrollment for employees living in states without a state-run ACA exchange.
“As a Web Broker Entity, hCentive can provide the technology and data licensed agents of all sizes need to efficiently enroll members in federal exchanges,” said Sanjay Singh, Chief Executive Officer of hCentive. “With more than 1.5 million enrollments already processed through hCentive-powered state exchanges, this agreement allows us to combine our cutting-edge technology with access to eligibility and subsidy qualification information for federally facilitated exchanges as well.”
A leader in the industry with a track record of success in exchange marketplaces nationwide, hCentive works with employers and brokers to streamline administration and continuously improve member satisfaction. To find out more about hCentive and the company’s federal Web Broker Entity agreement, please visit hCentive.
hCentive is in the business of simplifying the complex world of health insurance. hCentive provides technology solutions for health insurers and state health agencies. These solutions help them reduce cost and administrative complexity, while enhancing relationships with their customers.
hCentive is the first organization to build an exchange solution from the ground-up post the Patient Protection and Affordable Care Act of 2010 (PPACA). hCentive has developed a deep understanding of healthcare reform and has crafted solutions and services that align with federal and state regulations and meet or exceed all industry standards.
The WebInsure State platform helps states create a health benefits exchange to comply with health insurance exchange requirements of the PPACA. The WebInsure Exchange Manager provides a complete connectivity solution for health plans to connect to State Exchanges. Our comprehensive billing solution, WebInsure Financial Management, provides the next generation in financial management, enabling organizations to modernize their operational procedures and move member-facing processes toward a retail-centric business model. The hCentive WebInsure Private Exchange solution allows health plans to offer defined contribution plan marketplace to small business customers. The hCentive WebInsure Medicare platform helps health insurers cost-effectively acquire and manage Medicare and small business customers.