BIRMINGHAM, Ala. (3/12/13)--EPL Inc., a credit union service organization that provides technology solutions for credit unions, will launch in April what it said is the first private health insurance exchange for credit unions and their members.
The web-based exchange, called the Credit Union Exchange Blueprint, will offer a portal through which credit unions and their member can access information on health insurance providers and enroll in coverage plans. Members also can access a call center staffed with licensed representatives.
Private and public healthcare insurance exchanges are being developed in support of the Affordable Care Act. The exchanges allow employers and consumers to compare the costs and coverages of health insurance plans.
"Over the next couple of years, 150 to 180 million people insured by employer-employee relationship will be purchasing insurance on their own," Wayne Benson," EPL president/CEO told News Now. "With that, we wanted to create a product and resource that credit unions could use to position themselves in this chaotic new world. We want credit unions to be part of this conversation."
Credit Union Exchange Blueprint was developed with Health Partners of American, an employee benefits administrator.
"We believe it absolutely will be a differentiator for credit unions," Benson said. "It will build another relationship with the credit unions to the member and it will also create another revenue stream for the credit union."