hCentive Introduces State Health Insurance Marketplaces for "Lease"

RESTON, Va., March 23, 2015 /PRNewswire/ -- hCentive, the leader in health insurance exchange solutions, announced today that the company will offer state-based health insurance exchange (HIX) marketplaces for "lease". The lease offers states access to hCentive's WebInsure™ State Exchange, the same proven HIX technology that powers federal and multiple state marketplaces today "as-a-service". By leasing the complete solution from hCentive, states can quickly and cost-effectively deploy a federally-approved HIX to serve individuals and small businesses in a more fiscally sustainable way without complex technology implementation or dependence on federal funds. The lease option also allows states to maintain federal subsidies and health coverage for the 2016 Plan Year, regardless of the outcome of the ongoing Supreme Court challenge to the Affordable Care Act (ACA).

Highlights:

• WebInsure™ State Exchange lease offers ready-to-deploy Individual and/or Small Business Health Options Program (SHOP) Marketplaces with complete functionality to support eligibility & enrollment, shopping, plan management, financial management, noticing, reporting, and more.
• The hCentive technology has been tested by the Centers for Medicare & Medicaid Services (CMS) and includes a proprietary Federally Facilitated Marketplace Data Migration Toolkit, ensuring states have a smooth transition to a state HIX with minimal risk, disruption, and cost.
• The cloud-based, end-to-end HIX platform is built, operated, and maintained by hCentive. By leasing from hCentive, states gain distinct benefits:
  • Speed to market: States can rapidly deploy their own out-of-the-box HIX in under six months without complex customization or systems integration. The HIX is pre-integrated with the federal data services hub and pre-tested on a single platform.
  • Cost-effective: The lease provides states a HIX with a minimal up-front fee to cover initial setup / integration without the typical expenses of design, development, implementation, transfer, software licensing, infrastructure, and other costs.
  • Sustainable: The lease arrangement aligns operations and maintenance costs directly with marketplace revenue through predictable monthly payments tied to enrollments.
  • Configurable: States gain control of incorporating state-specific policies and programs such as Medicaid expansion, citizen interface and integrated consumer support, and insurance carrier integration through easy setup and automated plan management.

Quotes:
Sanjay Singh, Co-Founder & Chief Executive Officer, hCentive, Inc.
"As the leader in health insurance exchanges, hCentive is again at the forefront with a viable solution to ensure access to health coverage for the 2016 Plan Year and beyond. With the new lease option for our WebInsure™ State Exchange platform, we have packaged the knowledge and experience gained from our past successes into a proven, out-of-the-box HIX. States can now successfully launch and sustainably operate a transparent and accountable marketplace, allowing them to refocus on healthcare."   

Resources:             

• hCentive - Solutions for Government
• hCentive - WebInsure™ State Exchange "Lease"

About hCentive:

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 voluntary 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.

For more information, visit www.hcentive.com

SOURCE hCentive

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