RESTON, VA, NOVEMBER 12, 2014: — hCentive, the leader in ACA health insurance exchange technology, today announced that the company has added several high-profile national and regional carriers and administrators to its innovative WebInsure Benefits exchange, an ACA-compliant platform that is designed to provide a comprehensive private exchange solution to brokers and small, midsize & large employers. A multi-product, multi-carrier platform, WebInsure Benefits offers an intuitive benefits shopping and enrollment experience, enabling members to compare plans from national and regional medical, dental and vision plans as well as flexible spending accounts, life & accident insurance and disability offerings.
“Customers are looking for choices,” said Sanjay Singh, Chief Executive Officer of hCentive. “By adding quality plans from a variety of carriers to the WebInsure Benefits exchange, hCentive and our payer partners give brokers and employers the options they need to ensure member satisfaction while seamlessly managing complex benefits strategies.”
Cloud-based and HIPAA-compliant, WebInsure Benefits is fully integrated with the federal marketplace and supports interaction with state-based exchanges. This streamlines management of large groups with a variety of eligibility factors, and the addition of top-quality carrier plans to the WebInsure platform now allows large employers and brokers to easily handle plan administration while offering a broader variety of plans and carrier options.
The WebInsure Benefits employee portal intuitively guides users through eligibility determination, plan shopping and enrollment processes on the front end while capturing enrollment data and exchange information to enable seamless administration on the backend, streamlining enrollments and renewals as well as plan changes across multiple plans and contribution levels. This enables brokers to deliver world-class service while maintaining member satisfaction.
hCentive is a proven marketplace leader with a commitment to helping brokers, employers and members reduce the complexity of the benefits shopping and enrollment process while offering a variety of coverage options to meet customer needs. The company continues to build partnerships with top national and regional carriers to offer more choices.
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. The multi-carrier, multi-product hCentive WebInsure Benefits platform allows large brokers to efficiently design, purchase and administer employee benefits and helps employees and individuals compare options and choose the most beneficial plans for their needs.