|PR Newswire Association LLC|
According to the U.S. Census report, "Income, Poverty, and Health Insurance Coverage in
InsureAdvantage for Private Exchanges expands upon those capabilities and combines the company's proven technologies and capabilities into an offering that can be rapidly deployed by health plans, yet is configurable to each health plan's business needs and goals. In addition to integrating seamlessly with existing systems and enabling consumers to quickly review and select available plans based on numerous criteria, InsureAdvantage for Private Exchanges also provides a one-stop shopping and enrollment portal that includes:
- Out-of-Pocket Cost Calculator: The commercial market, out-of-pocket cost calculator is a feature unique to
Connecturewhich calculates the total amount an employee would be responsible for paying out-of-pocket after the employer contribution. This feature is available for all plans offered through InsureAdvantage for Private Exchanges, so users can determine which plan is most cost-effective, given their individual health needs.
- Physician Lookup: Connecture offers users the ability to access a database of physicians so employees can quickly determine if their preferred provider is covered by a particular plan. The database allows users to search according to several variables, such as the physician's name, geographic location, specialty area, etc. This tool provides people with the peace of mind that they do not need to establish a new doctor-patient relationship, but rather can continue seeing their current physician(s).
- Highly-Personalized Shopping Experience: InsureAdvantage offers a highly-personalized experience by asking users a series of questions about their health to determine which plans will likely best meet their individual needs. This feature helps employees more easily narrow down the offerings that best align with their objectives based on cost, provider coverage, plan attributes, expected utilization, risk tolerance and more.
- Total Benefit Enrollment:
Connectureoffers organizations a platform that has the functionality to support a comprehensive employee benefits offering. Connecture's Web-based systems provide support for multiple product lines, including medical, dental, life, vision, disability, HRA, HSA and Section 125 pre-tax funding.
"Private, single-payer exchanges allow health plans to effectively lower the costs employers incur when providing health benefits and, at the same time, enable these same employers to provide employees with more health plans and benefit packages to choose from," said