Quotit and WellPoint Join Forces to Bring Medicare Product Information Online
26 02 08 - 13:21
INDIANAPOLIS and IRVINE, Calif., Feb 25, 2008 /PRNewswire via COMTEX/ -- WellPoint Inc., and its affiliated companies and Quotit Corporation, a leading Internet application service provider for the health insurance and employee benefits industry today announced an alliance to provide insurance rate quotes on Medicare plans to America's growing senior population.
Through this joint venture, agents of the WellPoint affiliated health plans can gain full access to Quotit's proprietary software enabling them to offer Medicare eligible consumers the most competitive pricing available for their Medicare and Medicare Advantage health insurance needs.
More than 2.5 million senior and disabled Americans count on WellPoint affiliated health plans for their Medicare and drug benefits in a variety of plans.
The agreement between Quotit and WellPoint expands on an already existing relationship between the two companies and was formed to address the growing health insurance needs of an aging American population. Today, according to McKinsey and Company, for people turning 60 there is a 1 in 2 chance that their spouse will live to 90, which underscores the need for clear, comprehensive information about health benefits.
"WellPoint affiliated health plans is a market leader in serving Medicare beneficiaries, and we have achieved this niche by providing personalized service and customized plans to fit the needs of our members. We are committed to educating consumers about our plans and their benefits so they can make informed choices when electing benefit coverage. Through this alliance our agents can continue that level of service and commitment," said John Rudy, senior business development consultant for WellPoint.
Mark Seghers, senior vice-president of business development at Quotit said, "We're very pleased to build significantly on our relationship with WellPoint in a way that will meaningfully strengthen their position as the American population ages. As digital technologies continue to drive the healthcare industry, the great opportunity inherent in the use of our integrated 'Enterprise Solutions,' will prove increasingly valuable."
Individuals, small groups, insurance agents, and insurance carriers rely on Quotit technology to deliver comprehensive health insurance information online in real-time. Quotit maintains the most thorough online insurance database available in the health insurance industry today. Benefit design and plan pricing is maintained for thousands of health insurance and employee benefit plans. WellPoint affiliated health plan agents can provide their consumers with relevant side-by-side plan comparisons powered by Quotit, giving them the tools to make an informed choice for their specific health care needs.
ABOUT WELLPOINT, INC.
WellPoint's mission is to improve the lives of the people it serves and the health of its communities. WellPoint, Inc. is the largest health benefits company in terms of commercial membership in the United States. Through its nationwide networks, the company delivers a number of leading health benefit solutions through a broad portfolio of integrated health care plans and related services, along with a wide range of specialty products such as life and disability insurance benefits, pharmacy benefit management, dental, vision, behavioral health benefit services, as well as long term care insurance and flexible spending accounts. Headquartered in Indianapolis, Indiana, WellPoint is an independent licensee of the Blue Cross and Blue Shield Association and serves its members as the Blue Cross licensee for California; the Blue Cross and Blue Shield licensee for Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30 counties in the Kansas City area), Nevada, New Hampshire, New York (as Blue Cross Blue Shield in 10 New York City metropolitan and surrounding counties and as Blue Cross or Blue Cross Blue Shield in selected upstate counties only), Ohio, Virginia (excluding the Northern Virginia suburbs of Washington, D.C.), Wisconsin; and through UniCare. Additional information about WellPoint is available at www.wellpoint.com.
ABOUT QUOTIT CORPORATION
Quotit Corporation is a leading Internet application service provider for the health insurance and employee benefits industry. Quotit Corporations' Internet software enables insurance organizations to increase productivity and reduce costs by directly connecting insurance companies, brokers and retail consumers with insurance rates and benefits on-line, in real time.
Quotit has established relationships with over 120 insurance carriers representing over 11,300 plans in the health, life, dental and vision insurance markets, including such names as: Aetna, United Healthcare, Health Net, Assurant, Humana, Celtic and independent licenses of the Blue Cross Blue Shield Association. Quotit's database of carriers and plans extends to 50 states including the District of Columbia. For more information, visit www.quotit.com.
SOURCE WellPoint, Inc.