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The Midwestern Higher Education Compact (MHEC) Selects IXSolutions as its
Private Health Insurance Exchange Provider Option for Institutions

The Midwestern Higher Education Compact (MHEC) Selects IXSolutions as its
Private Health Insurance Exchange Provider Option for Institutions

College students in 12 Midwestern states will now have expanded access to affordable healthcare

ROSEMONT, Ill. and Minneapolis, Minn. -September 17, 2015 – The Midwestern Higher Education Compact (MHEC) announced today its agreement with provider IXSolutions (IXS) for a private health insurance exchange offering direct access to affordable health insurance options to students at higher education institutions in 12 Midwestern states.

IXS is offered as a plug‐and‐play health insurance solution for institutions that do not or are unable to offer a school‐sponsored plan. Using this solution will save administrative time in assisting students in selecting insurance and providing value by offering students access to a wide range of coverage options and
additional IXS resources and personal support.

Student access to affordable health care coverage is closely aligned with MHEC’s mission. MHEC sponsors a variety of programs to reduce costs and increase student access to college. “We want to make sure that every student on MHEC campuses can have access to health insurance,” said Larry Isaak, president of MHEC. “IXSolutions offers a program that is easy for us to adopt and make available to each school in our region that wishes to offer an opportunity for students to purchase insurance.”

The private exchange is available to any of MHEC’s nearly 1,000 institutions within the 12-state compact, including two-year, four-year, and graduate-level higher education institutions. Once an institution enrolls in the program, students can shop for health insurance in an online marketplace that makes the confusing job of shopping for and purchasing health insurance a bit easier. IXS is also supported by licensed
insurance professionals who can answer students’ questions, determine if they are eligible for federal subsidies under the Affordable Care Act, and even help enroll them in coverage.

“We’re delighted to announce this agreement with MHEC,” said John DiVito, president and CEO of IXS. “Access to affordable healthcare is important for everyone, but students on college campuses sometimes get lost in the fray as they age out of their parent’s plans or don’t have access to group plans through family or work. Our solution makes it possible for them to quickly and easily get the coverage they need so they can focus on their education.”

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IXSuite Private Exchange Changing Health Care Delivery for Employers

IXSuite Private Exchange Changing Health Care Delivery for Employers

Small business employees get help during final days of 2015 open enrollment period

ROSEMONT, Ill. (January 15, 2015) With only one month remaining in the 2015 health insurance open enrollment period, IXSolutions is continuing to help Illinois small businesses give their employees access to coverage. IXSolutions offers the IXSuite private insurance exchange, designed exclusively for small businesses as a time and money saving alternative to group coverage.

While the open enrollment period is scheduled to end on February 15, small businesses still have time to help their employees get covered. Any individual without health insurance after Feb. 15 will be at risk for paying a tax penalty of up to two percent of their annual household income.

“It’s safe to say that most employers do not want to see their employees paying more money in taxes just because they don’t have health insurance,” said John DiVito, president and CEO of IXSolutions. “But, nearly 70 percent of small businesses in Illinois don’t offer health insurance, mostly due to the high costs of traditional group coverage. IXSuite allows these small businesses to help their employees get access to affordable coverage without putting a financial strain on their budgets.”

IXSuite features an online health insurance marketplace for employees, which allows them to shop for plans offered by the nation’s leading insurance companies. IXSuite gives employees the opportunity to choose a health plan that meets both their health care and financial needs.

Employees can also take advantage of lower health care costs, currently offered through government subsidies. Qualifying for these subsidies can allow them to pay a lower monthly premium for their health plan and possibly even lower costs for the health care services they receive. IXSuite offers employees assistance from licensed insurance professionals to determine subsidy eligibility and help enrolling in subsidy eligible plans.

The exchange can also be used for employers looking for a health care solution for their part-time employees. While these part-time employees may not qualify to be covered under their employer’s group plan, they are still legally required to have health insurance. IXSuite offers an easy way for employer’s to help their part-time employees get access to the coverage they need for 2015.

Share This Post

Questions? Speak with a licensed agent today
for more information on short term

Call Us at 855-563-6993

More To Explore

Press

We’re Hiring!

We are searching for a Producer (Group Sales) to join our sales team and take on a significant role within our company.

Employee Benefits

2023 Health FSA And Other Benefit Limits

The Internal Revenue Service (IRS) recently published Revenue Procedure 2022-38. The Revenue Procedure includes the inflation-adjusted 2023 contribution limits for certain employee benefit programs. Below is a summary of some of those contribution limit adjustments.

Medicare

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The Great Unwinding is the undoing of several health coverage requirements that were implemented by legislation, regulation, and executive order because of COVID-19. The following provisions are particularly noteworthy.