hCentive Adds Support for Simplified Benefits, Coverage and Uniform Glossary
hCentive, Inc. a leading health insurance technology company, today announced that its WebInsure suite of products supports the PPACA mandated 'Summary of Benefits & Coverage and Uniform Glossary'.
- (1888PressRelease) April 03, 2012 - Reston, VA: hCentive, Inc. a leading health insurance technology company, today announced that its WebInsure suite of products supports the PPACA mandated 'Summary of Benefits & Coverage and Uniform Glossary'.
Under the Affordable Care Act, the consumer should have access to 2 documents - A summary of benefits & coverage and a uniform glossary of terms commonly used in the health insurance coverage. In addition, it should also have specific technical information for simulating coverage examples for two benefit scenarios e.g. having a baby and managing type 2 diabetes.
Tarun Upadhyay, CTO of hCentive says, "hCentive's fundamental mission has been to increase efficiency, automation and transparency for payers, providers, customers and intermediaries. By further simplifying the process and terminologies in health insurance, we are reaffirming our commitment to our ultimate mission. We are certain the customers will appreciate the simplified communication of their benefits and coverage, resulting in increased business for health plans."
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 PPACA. hCentive has developed a deep understanding of the healthcare reform and have created solutions and services that align with federal and state regulations and meet or exceed all industry standards.
The hCentive WebInsure Consumer, WebInsure Medicare and WebInsure Group platforms help health insurers cost effectively acquire and manage individual, Medicare and small business customers. The hCentive WebInsure Private Exchange platform allows health plans to offer defined contribution plan marketplace to small business customers. WebInsure State platform helps states create a health benefits exchange to comply with health insurance exchange requirements of the Patient Protection and Affordable Care Act of 2010. The WebInsure Exchange Manager provides a complete connectivity solution for health plans to connect to State Exchanges.