Enrollment123 is streamlining a complex program and making it user-friendly
Medicare Advantage, the private-public partnership that enjoys wide-spread support across the aisle, has a fundamental problem: it’s complicated. In fact, it’s so complicated that only the largest insurance carriers can afford to offer it.
When seniors enroll into Medicare, there are two ways to obtain coverage. One way to obtain Medicare Coverage is by enrolling into Original Medicare. Original Medicare includes Part A (Hospital Insurance) and Part B (Medical Insurance). If you want drug coverage, you can join a separate Medicare drug plan (Part D).
The other way is by enrolling into Medicare Advantage, the “all-in-one” alternative that “bundles” Part A, Part B, and typically, Part D. Most plans offer extra benefits that Original Medicare doesn’t cover— like vision, hearing, dental, and more.
“It’s great in theory, but ordinary insurance agencies have struggled with managing member data for Medicare Advantage due to its extensive communication processes, much of it manual,” says Brendan McLoughlin, President of Enrollment123, a software provider for insurance agencies. “Seniors want Medicare Advantage but they also want their local insurance agent to guide them through the process but they simply haven’t been able to.”
For over 20 years, Enrollment123 has securely processed billions of dollars in payments for medical insurance agencies. Established in 1999, founders Steve and David Jaeger have grown Enrollment123 by developing a back-office database, enrollment, payment processing, and commission tracking system. This system provides business process re-engineering that allows configurable workflows to reduce handoffs, eliminate errors, cut costs, and increase sales.
Enrollment123’s platform makes it simple to manage by ingesting enrollment data based on the client’s requirements, providing accurate member enrollment and reporting status, and offering overall policy life cycle management. The platform provides an easier path for coordinating carrier files across a client-base, allowing businesses to better serve and manage their clients.
“We help hundreds of thousands of agents serve millions of clients every day,” says McLoughlin. “Now we’ve Invested in the technology to extend our agents’ capability to serve not just new clients but existing ones who want to keep their agents as they transition into Medicare Advantage.”
Enrollment123’s platform simplifies the Medicare Advantage process by making it simpler and more cost-effective for insurers to offer coverage to more people. They have successfully established themselves as a staple in a highly competitive industry covering over 1,000,000 policy holders, 12,000 products, and 250,000 agents. Their customers include insurance companies, independent health insurance agents, call centers, healthcare sharing organizations, field marketing organizations, insurance marketing organizations, third-party administrators, managing general agents, lead generators, marketing agencies, multi-level sales organizations, among many other additional distribution channels.
Over the decades, the platform has partnered with many organizations to achieve success. The team prides itself on working with multiple markets and key industry leaders. Learn how Enrollment123 can make it as easy as E123 to support you in helping your business grow!
Visit Enrollment123.com to learn more.
Disclaimer: Ascend Agency was compensated by Enrollment123 for this article.
Members of the editorial and news staff of Paste BN Network were not involved in the creation of this content.