Regions TruSelect Private Exchange

exchange_regionsCompany name: Regions Insurance, an affiliate of Regions Bank

Marketplace name: Regions TruSelect Private Exchange

Technology used to power platform: Bloom Health

CEO or Practice Leader: Curren Coco, CEO of Regions Insurance

Main Location / Headquarters:  Memphis, Tennessee

Founded / Exchange Launched: March 2014

Website:  Please click here.

Membership/number of lives currently on platform: TBD

Segment size preference (“target business size”): 50 or more eligible employees

States of operation (if available): Available to employers that are based in Georgia, Indiana, Tennessee or Texas

Are employers required to use a defined contribution: Yes

Carriers Offered: Bloom will bring its existing health plan and ancillary carrier relationships and products to the Regions exchange

Decision Support: Utilizes Bloom Health’s decision support technology and service infrastructure including online tools and tailored phone support from a team of advisors who can assist customers through insurance selection process.

How does exchange get compensated: 

Standard or Custom Product Configuration: Flexibility in carriers and plan designs is offered for national account clients.

Do They Utilize Additional Technology Company Solutions:

Single-carrier or Multi-carrier: Primarily operates a single-carrier model for medical products, but will allow for other specialty carriers to be offered. However, Bloom Health (exchange platform) does have the capabilities to also support a multi-carrier model.