Ambetter Health Business Solutions, Powered by
Take Command will enable businesses statewide to offer a flexible,
affordable health insurance alternative to traditional group health
insurance plans, taking advantage of Indiana's new state tax credits
ST.
LOUIS, Nov. 30, 2023 /PRNewswire/ -- Ambetter
Health, the health insurance marketplace carrier of Centene
Corporation (NYSE: CNC), today announced a partnership with
Take Command, an innovative health benefits platform, to offer
high-quality, cost-effective and flexible Individual Coverage
Health Reimbursement Arrangements (ICHRA) to employers in
Indiana. Through this product,
Ambetter Health Business Solutions Powered by Take Command,
the companies will work together to empower Indiana businesses with a quality, affordable
and tax-advantaged alternative to traditional group health
insurance while providing broad health plan choice to their
employees. Small companies will have the added bonus of accessing
Indiana's new tax credit incentive
with expert partners. Beginning in 2024, Indiana will offer small businesses, those
with fewer than 50 full-time employees, state tax credits of up to
$400 per employee in year one and up
to $200 in year two for offering
Health Reimbursement Arrangements like ICHRA.
"We are proud to partner with Take Command to offer ICHRA and
other defined contribution products to employers in Indiana," said Chief Executive Officer of
Ambetter Health, Kevin
Counihan. "Companies of all sizes are exploring the benefits
of ICHRA products to support their employees' unique health and
wellness needs. This exciting new product was developed to offer
healthcare choice for employees, while providing greater cost
certainty, flexibility, and tax advantages for employers."
The product, which enables companies to reimburse their
employees for health insurance rather than buying it for them, will
enable small and large businesses to better predict and manage
healthcare costs and simplify the administrative experience
managing employee health benefits. Additionally, it will give
employees the opportunity to select coverage that best matches the
health needs of their employees from a range of market-leading
plans.
"Healthcare costs continue to rise, which creates uncertainty
for businesses and financial stress for Indiana families. That's why a streamlined
approach to ICHRA is so critically important for this market. As
the largest and most experienced administrative platform for these
products, we are pleased to collaborate with the nation's largest
marketplace carrier to expand our products for the benefit of
employers across the state of Indiana," said Chief Executive Officer of Take
Command, Jack Hooper.
The product will be available with coverage effective dates
beginning January 1, 2024. Learn more
about the Ambetter Health Business Solutions Powered by Take
Command offering and why ICHRAs have seen 171% growth in the
last year, please visit:
https://www.takecommandhealth.com/ambetter-health-ichra.
About Ambetter
Health
Ambetter Health is a health
insurance offering that is available on the Health Insurance
Marketplace, or exchange, established by the Affordable Care Act in
the states listed on www.ambetterhealth.com. It is one of the
healthcare programs provided by Centene Corporation, a leading
healthcare enterprise committed to helping people live healthier
lives. Ambetter Health is made available through
local health plans and covers a wide variety of healthcare
services, including preventive and wellness services, maternity and
newborn care, pediatric services, mental health and substance
misuse services, prescription drug coverage, and more.
About Take Command
Take Command is a SaaS platform
that helps companies reimburse employees for health insurance.
Offering seamless administration for Individual Coverage HRAs
(ICHRAs) and Qualified Small Employer HRAs (QSEHRAs), Take Command
was the first ICHRA solution on the market, the first to bring a
viable partnership model to brokerage firms, the only HRA
administrator invited to the White House when ICHRA was announced,
and the only company to offer in-house enrollment support for
employees.
With clients in all 50 states ranging from 3 to 3,000 employees,
Take Command has helped more than 5,000 companies take command of
their health benefits. For electronic press kit, please visit this
link.
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SOURCE Ambetter Health