ORANGE, Calif.--(BUSINESS WIRE)--
HealthCompare®, a division of The Word & Brown Companies, took an important 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.
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, 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.
About HealthCompare, Quotit and The Word & Brown Companies
Operating nationally, The Word & Brown Companies have built strong relationships with partners across the country – including more than 50,000 brokers and hundreds of health plans through which they provide benefits and service to approximately 60,000 employers with nearly 6.5 million eligible employees and hundreds of thousands of consumers nationwide.
The Word & Brown Companies include the Word & Brown® General Agency, with divisions focused on group and Medicare, individual, and family insurance coverage; HealthCompare and Joppel by HealthCompare, which help individuals, families, and seniors easily research, compare, buy, and enroll in the right health insurance or Medicare Advantage, Medigap, or Prescription Drug Program plan at the right price; Quotit Corporation, the foremost national provider of Internet sales and marketing solutions for the health insurance and employee benefits industry; CHOICE Administrators®, the nation’s leading developer and administrator of private group health insurance exchange programs; and CONEXIS, the nation’s first outsourcing provider to offer benefits administration on a single, web-based, fully integrated system.
For more information, visit www.wordandbrowncompanies.com.
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