About Insuraprise
The Insuraprise solution helps large groups, corporations and state retirement programs manage and control retiree health care costs, while ensuring that Medicare-eligible retirees get the coverage and benefits they have earned. Employers can continue honoring their retiree commitments to health care while lowering costs and reducing long-term liabilities, helping to keep the organization financially sound. With Insuraprise, employers can transition any number of retirees from traditional group-based insurance policies to individualized policies with lower prices and better coverage. Our technology helps large organizations reduce annual expenditures by tens of millions of dollars and long-term liabilities by hundreds of millions.
Since its inception, Insuraprise has always sought out innovative ways to use technology to better serve customers. The company’s benefits portal has served up millions of comparative rate quotes for Medicare patients since its launch in 2010 and the rate quote engine has been an indispensable tool for insurance agents since 2008.
The Insuraprise Solution
In the current down economy, many HR departments are looking to reduce their bottomline expenses by rethinking their health insurance plans. Some are reducing benefits and raising employee costs, while others are dropping retiree coverage all together. Employers who do still want to continue to offer group Medicare Plans for their eligible employees and retirees face often insurmountable issues with spotty coverage, rising premiums, (Financial Accounting Standards Board) or (Governmental Accounting Standards Board) complications, and legislative changes with Medicare.
The Insuraprise Healthcare Exchange eliminates this painful problem.
The Insuraprise Healthcare Exchange features a complete suite of products including:
- Medicare Supplement Insurance
Insuraprise partners with the top providers across the country so its customers can enjoy Medicare supplement insurance sold by private insurance companies to fill "gaps" in Original Medicare coverage. Medigap policies only work with Original Medicare.
- Medicare Part D Assistance
Insuraprise customers have access to the company Medicare Part D Portal, where they can list current prescriptions, including the dosages and the frequency with which they take each medication. Then one of our Medicare Prescription Plan Specialists will evaluate their needs and all of the options available to them and make recommendations that best fit your situation. This free service is only available to small-midsize organizations.
- Dental/Vision/Hearing Insurance
While Medicare Supplement Insurance is great covering the gaps in Original Medicare, it doesn’t cover issues that may arise with your smile, your eyes or your ears. Through its provider partners, Insuraprise both indemnity and PPO plans at an affordable rate to cover dental, vision and hearing problems.
- Life Insurance
Final expense or “end of life” insurance is a whole life insurance plan that pays cash directly to beneficiaries to cover funeral expenses. Through a third party provider, Insuraprise offers these plans for ages 0-85, with protection up to $20,000.
- Critical Illness/Cancer Insurance
Insuraprise partners with a third party insurer that provide a lump-sum benefit from $10,000 to $70,000 with three different coverages to choose from:
- Critical Illness cancer only
- Critical Illness without cancer—covers heart attack, stroke and end-stage renal failure
- Critical Illness with cancer—covers cancer, heart attack, stroke and end-stage renal failure
- Medical Identity Theft Protection
PrivacyArmor by InfoArmor is a cost-effective but sophisticated solution for the complicated problem of identity theft and medical identity theft. PrivacyArmor includes elements that assess risk, deter identity theft, and detect fraud in its earliest stages. Should an identity be stolen, it also includes a high-tech and high-touch system for managing the restoration process and an Identity Theft Insurance Policy* for financial relief up to $25,000 for associated costs, legal defense expenses, and lost wages.
