Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

Vendor offers insurers a King vs. Burwell rescue service

By Allison Bell

X
Your article was successfully shared with the contacts you provided.

A support services company says it can help health insurers plug into whichever Patient Protection and Affordable Care Act (PPACA) public exchange programs happen to function during the 2016 open enrollment season.

Softheon Inc., the vendor, is marketing reservations for its “cloud-based” exchange connector platform as a kind of insurance policy against the possibility that financial problems, technical problems or the results of the King vs. Burwell Supreme Court case will shut down the federal HealthCare.gov exchange enrollment system or state-based exchange enrollment systems.

Softheon, which is registered as a HealthCare.gov Web broker entity, says it helped insurers that sold qualified health plans (QHPs) through the state-based, state-run exchanges in Nevada and Oregon in 2014 shift to HealthCare.gov for the open enrollment period in less than 30 days.

See also: CCIIO posts Web broker entity list

The 2016 open enrollment period is set to start Nov. 1 and last until Jan. 31, 2016.

The connector platform can plug an insurer into either HealthCare.gov or into a state-based exchange system, Softheon says.

The Softheon connector system can handle premium billing services, Edge server services and connections with private exchanges as well as with public exchange enrollment system, the company says.

For 2015, the system processed public exchange plan enrollment and payment transactions for about 1 million people, the company says.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.