MADISON, Wis. (7/24/14)--CUNA Mutual Group announced Wednesday it will launch a health insurance program through a partnership with GoHealth, a private health insurance marketplace.
Through the TruStage health insurance program credit unions will be able to offer their members health insurance from a variety of health plans. GoHealth provides consumers access to all of the plans available on healthcare.gov as well as other carriers.
Using GoHealth's Web-based platform, members will be able to compare health insurance plans, get quotes and estimate available federal tax subsidies--applying them directly to their health plan to receive lower monthly premiums. They can also shop over the phone with the guidance of licensed insurance advisers and apply for coverage.
"As the leading cause of bankruptcy in the U.S., medical bills continue to be a significant stress on many families' finances," said Corrin Maier, director of the MemberCONNECT program at TruStage. "There's also confusion about the changes brought on by the Affordable Care Act. Credit unions are in a unique position to respond--they can help members understand the requirements, give them access to affordable health insurance options and help them protect what matters most."
To date, Chicago-based GoHealth has helped more than 30 million consumers shop for coverage online with its private health insurance marketplace.
During the next open enrollment period beginning in November, an estimated 8 million credit union members will seek health insurance coverage through an exchange.
TruStage currently protects more than 14.8 million credit union members with insurance products and programs for life, auto, homeowners, and accidental death and dismemberment. The addition of health insurance options advances the company's mission to build financial security for their families.
Credit unions enrolled in the MemberCONNECT program--the conduit for credit unions to make TruStage products available--will receive an invitation to a webinar to learn more about the TruStage health insurance program.