Alegeus to Unveil Next-Generation COBRA Platform at 2021 Client Success Summit
Published on May 19th, 2021
Waltham, MA — May 19, 2021 — Alegeus, the market leader in consumer-directed healthcare (CDH) solutions, today announced that WealthCare COBRA, the industry’s first 100% cloud-native COBRA and direct-billing platform, will formally launch at the 2021 Alegeus Client Success Summit, June 15-16. The latest addition to the industry-leading Alegeus WealthCare platform, WealthCare COBRA will provide a seamlessly integrated experience for employers and consumers in times of transition between employer-sponsored health benefits.
The COBRA market is ripe for disruption – characterized by antiquated, inefficient and inflexible legacy technologies that drive up administration cost and add to consumer confusion,” said Mark Waterstraat, chief customer officer at Alegeus. “Built first to optimize the user experience of all stakeholders – from consumers to employers to administrators – WealthCare COBRA will continue to deliver on the Alegeus promise to transform the way consumers navigate the U.S. healthcare system.
Built by an experienced COBRA and direct-billing leadership team and guided by a highly engaged Client Advisory Board, WealthCare COBRA is unmatched in the market today. Designed from the ground up to power highly efficient administration for employers of all sizes and complexity, the platform delivers flexibility in scale, powerful data insights and reporting, and a highly intuitive user experience.
Alegeus has signed several early-adopter clients that have provided positive feedback while piloting the platform:
- “I have thoroughly enjoyed working with the Alegeus COBRA implementation team. We’ve truly appreciated the opportunity to ‘be at the table’ and to share our experiences and insights into the world of COBRA. I’m confident that the Alegeus COBRA solution will undeniably be the best in the industry – not just for TPAs, but for the clients that they serve.” – Ross Honig, president, OCA
- "What a team! Changing administration platforms is an adventure full of challenges and opportunities. Unfortunately, we at NBS know that from experience. During our current move to the WealthCare Cobra platform, however, those challenges were surprisingly minimized by the awesome team of professionals and industry-shifting technology at Alegeus. Working hand-in-hand with our internal COBRA operations team, the Alegeus group demonstrated a superior level of expertise that has facilitated a smooth transition to their new administration platform." – Scott Muir, vice president of flexible benefit solutions, NBS
- “The COBRA team at Alegeus has been fantastic to work with! Their extensive knowledge of COBRA laws and regulations have allowed them to create a unique and industry-leading platform that makes administering COBRA a turn-key experience for both TPAs and employers. Their guidance and assistance have been critical to our success.” – Tanya Martin-Dick, vice president and manager, Omnify
WealthCare COBRA will guide consumers through the enrollment process for COBRA and direct-billing. A simplified journey presents the most crucial information – such as deadlines and cost details, clear instructions, and resource information – to reduce confusion and uncertainty when consumers need healthcare most.
Our clients asked for a single, end-to-end solution that scales alongside their business, and we listened,” said Leif O’Leary, Alegeus CEO. “We are excited to be able to deepen the value we offer to our clients and the market.
To get a first look at WealthCare COBRA, register here for the 2021 Alegeus Client Success Summit.
Alegeus is the market leader in consumer funding solutions, delivering the industry’s leading white-label platform that transforms how consumers save and pay for healthcare. Our next-generation technology simplifies the administration of healthcare benefit accounts (including FSAs, HSAs, HRAs, wellness incentive, dependent care and commuter accounts) and COBRA, using data-driven insights to guide consumers to the best coverage, cash and care strategies. More than 350 Alegeus clients – including health insurance plans and third-party administrators – leverage our deep expertise and proven technology to administer benefit accounts for more than 30 million members and to process more than $9.1 billion in consumer healthcare payments annually. As the healthcare and benefit markets continue to evolve, Alegeus delivers solutions that enable clients to evolve their service offerings, operate their businesses more efficiently, and lead consumers to better health and financial decisions. The company is headquartered in Waltham, MA with operations in Orlando, FL and Milwaukee, WI.