New York, NY, September 9, 2015 - Wellthie – a health care technology company offering the only comprehensive software and analytics platform of its kind that helps people understand their health insurance options - is launching a quoting and decision-support platform to help employers evaluate their complex coverage options, facilitating enrollment with their existing health plan in either the small group or individual product lines. The platform mitigates the loss of membership resulting from the growing trend of employees exiting small group plans and transitioning to the individual marketplace to buy their own coverage.
The group-to-individual trend has grown among small businesses seeking ways to save on benefit costs and administration. The availability of tax credits from Affordable Care Act and upcoming expansion of small groups to include business up to 100 employees, fuels this trend.
Wellthie’s offering – the Affordable Care Advisor for Business – is an interactive decision-support platform that emphasizes the value of a health plan’s small group or individual coverage options, while helping small businesses (or brokers working with businesses) navigate the complex world of benefits. This innovative product helps employers understand the impact of their benefits decision on total business costs, the cost breakdown to each employee, and the financial assistance available to employees and dependents in the individual market.
Key features of the Affordable Care Advisor for Business include:
- Simultaneous quoting of small group and individual product options
- Eligibility and calculations of ACA related tax credits and penalties
- Scenario planning tools for the employer
- Monthly and yearly cost breakdowns for the employer and employees
- Communication templates and guidelines for employees
- White label, turn-key software solution on the cloud
The Affordable Care Advisor for Business helps health plans retain their small group membership and capture new members by partnering with employers and brokers as they make the decision to stay with their group plans or transition employees to the individual marketplace.
“We are excited to launch the Affordable Care Advisor for Business platform,” said Sally Poblete, CEO, Wellthie. “Small businesses are looking for cost effective alternatives in this new health insurance landscape. The health plans that partner with the small business community will reap long-term enrollment benefits regardless of the employers’ immediate coverage decision.”
For more information on the Affordable Care Advisor for Business or Wellthie’s other products, please visit http://wellthie.com.
Wellthie offers the only software platform that helps people understand their health insurance options, confidently choose the right plan from their insurer, and make the most of their benefits. Installed on an insurer’s site and matched to their brand, Wellthie’s easy-to-use software offers a welcoming front door that's designed to educate, enroll, and retain customers looking for health insurance. For more information, visit, http://www.wellthie.com.