Partnership Brings Socially Responsible Credit Program and Low-Cost Loans to hCentive’s WebInsure Benefits Marketplace
RESTON, VA and NEW YORK, NY, January 12, 2016 — hCentive, the leader in health insurance exchange solutions, announced that the company has added Kashable® to its rapidly expanding partners for WebInsure™ Benefits marketplace. WebInsure Benefits is an all-in-one marketplace platform designed for brokers to efficiently connect and simplify the entire benefits experience for individual consumers and employer groups – from quoting to shopping, enrollment and management. Kashable is revolutionizing the benefits industry by transforming the way working America accesses credit. As a value-add, non-insurance product offered at no cost and no risk to the employer, Kashable provides hCentive clients with a unique financial wellness solution empowering employees with low-cost, term loans that can be taken online instantly and repaid automatically through payroll deductions.
- With Kashable, hCentive’s WebInsure Benefits marketplace offers an innovative financial wellness solution helping to further diversify its products with a range of health and financial benefits.
- Kashable provides disciplined, affordable and easy to manage credit at low rates starting at 6 percent APR with a 6 month term. Employees register with Kashable and apply for a loan online in a matter of minutes. Kashable disburses the funds directly to their bank account in three business days and repayment is done through payroll deductions over the term of the loan. The system integrates seamlessly with employers’ payroll systems to manage deductions with no additional action needed on the part of the employee.
Mike Baker, Senior Vice President and GM of Commercial Products, hCentive
“Our goal is to continue to increase the selection and choice of new and innovative benefits to provide holistic solutions with real value to our clients. By adding Kashable’s financial wellness offering to our WebInsure Benefits platform, brokers and benefits advisors now have a compelling voluntary benefits solution to offer to their clients outside of the traditional health benefits. Employees now have a socially responsible solution to manage high or sudden medical costs without the financial burden that comes with alternatives such as retirement funds, high-cost loans or credit cards.”
Einat Steklov, Founder, Kashable
“Kashable was founded on the premise of transforming the way working America accesses credit. Joining the hCentive WebInsure Benefits marketplace takes us all one step closer to having a positive impact on the user experience. hCentive’s innovative cloud-based platform simplifies the complexity of benefits decisions and offers flexibility for brokers, benefits consultants and their clients in selecting from a broad range of health, life, disability and other insurance and non-insurance products. Adding Kashable’s socially responsible loan program to hCentive’s WebInsure Benefits marketplace establishes the first financial wellness solution on the platform, delivering a unique voluntary benefit that empowers hard-working Americans to take charge of their finances.”
- hCentive – WebInsure™ Benefits
- Kashable – Kashable
At hCentive, our mission is to empower everyone to gain access to health benefits. We are a leader in public and private exchange solutions that simplify the distribution and management of health insurance and ancillary benefits. Our WebInsure solutions fully support government agencies, insurance carriers, and brokers as they engage consumers and businesses and offer transparent access to benefits choices. Our innovative technologies deliver an integrated online benefits shopping and enrollment experience that is convenient and available anytime and anywhere.
Kashable® is a socially responsible financing solution for employees, offered as an employer-sponsored voluntary benefit program. With Kashable, employees apply online and take low-cost term loans instantly, then repay them automatically through equal installment payroll deductions. Kashable is transforming the way working America accesses credit. For more information, visit Kashable.