HealthCompare Signs Web Broker Entity Deal with Federal Government [Professional Services Close – Up]

HealthCompare, a division of The Word & Brown Companies, took a step this week in helping preserve and advance the role of independent insurance brokers and agents by signing the Centers for Medicare & Medicaid Services (CMS) Federally Facilitated Exchanges Web Broker Entity (FFE WBE) Agreement on behalf of Health Compare Insurance Services.

According to a release, the Federally Facilitated Exchanges, also known as Federally Facilitated Marketplaces, will operate in states that have chosen not to build their own individual health insurance marketplaces, which are being developed nationwide as part of the Affordable Care Act (ACA).

The FFE agreement will provide HealthCompare access to the Federal data hub; this hub allows HealthCompare to provide a determination of tax subsidy and eligibility qualification information to consumers. This agreement, once approved by CMS, will only enhance HealthCompare's already robust online tool that helps individual and families easily research, compare, buy and enroll in health insurance through its free, accurate and customized health insurance quotes from the nation's leading carriers.

"The new agreement will allow HealthCompare to continue to provide the most robust and diverse selection of health insurance options for Americans, including those eligible for ACA subsidies," says Kyal Moody, Senior Vice President at HealthCompare. "We're excited to be a partner with CMS for the new marketplaces and look forward to working with individuals and families to identify and enroll them in coverage that satisfies the ACA individual mandate and addresses their specific coverage needs."

In addition, the company noted that Quotit, another division of The Word & Brown Companies, will be signing a separate CMS agreement to empower independent agents and brokers to participate in the Federally Facilitated Exchange in assisting consumers across the country find affordable health insurance.

More information:

www.wordandbrowncompanies.com

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