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.