MINNEAPOLIS -- (BUSINESS WIRE) -- Second graph, second sentence of release dated February 25, 2013 should read: Similar to travel websites that allow consumers to shop for airfare, hotels and rental cars in one place, CieloChoice offers a variety of insurance plans for consumers to choose from, including health, dental, medical, vision and more. (sted Similar to travel websites that allow consumers to shop for airfare, hotels and rental cars in one place, CieloChoice offers a variety of insurance plans for consumers to choose from, including health, dental, Medicare, vision and more.)
The corrected release reads:
CIELOSTAR LAUNCHES THE NATION’S BROADEST PRIVATE HEALTH EXCHANGE
Benefits administration leader extends health care exchange concept to full range of benefits for one-stop, turn-key navigation
CieloStar announces the launch of the market’s broadest private health insurance and benefits exchange, leveraging 25 years of best-in-class technology and programs to navigate the full range of health care and other benefits. The new one-stop exchange is called CieloChoice.
CieloChoice allows employers, associations, affinity groups and brokers to offer employees and members a one-stop online marketplace to shop for insurance. Similar to travel websites that allow consumers to shop for airfare, hotels and rental cars in one place, CieloChoice offers a variety of insurance plans for consumers to choose from, including health, dental, medical, vision and more. Coupled with competitive price comparisons, employees can create a plan based on their specific needs and budget.
Combining a market-leading technology platform with its depth of health care benefits experience, CieloStar is uniquely able to simplify enrollment, engagement and administration of health care and other benefits for both administrators and consumers.
“Since the Affordable Care Act was passed in 2010, employers have been steadily migrating to defined contributions plans, rather than shifting more costs, assessing annual health care spending, and evaluating plan utilization,” said Dr. John Reynolds, CieloStar CEO. “The CieloChoice private exchange product allows employees to manage benefit and health care plans themselves.”
“Using CieloChoice, employers don’t have to put together plans or create enrollment technology - a centerpiece used in exchange,” Reynolds added. “Our exchange tools help educate people to make the most informed and beneficial decisions when it comes to selecting health insurance and other benefits, which is a must for the growing number of large and mid-sized groups offering defined contribution and other benefits.”
CieloStar (formerly OutsourceOne) empowers better health care decisions by facilitating health insurance exchanges, enrollment, administration and engagement. Celebrating its silver anniversary in 2013 with 25 years of best-in-class technology and benefits administration services, the company welcomes additional thought leadership and growth with new CEO John Reynolds, a significant facility expansion, and launch of a suite of new products and clients. Its recent expansion extends beyond administration into dependent audits, wellness, private exchanges, defined contribution health plans, consumer directed health and benefits choices, payment processing, provider management and demand management. Visit cielostar.com for more information.