Enrollment 123 (E123)

Not every superhero wears a cape, especially those helping individuals who don’t have the benefit of employer-based insurance feel protected and safe with the insurance products and services they need.

Welcome to the world of independent sales organizations, including health insurance agents, call centers, healthcare sharing organizations, Medicare Advantage selling agencies, field marketing organizations (FMO), insurance marketing organizations (IMO), and third-party administrators (TPA).

Treading through the complications of managing an individual's or family’s health insurance, these independent sales organizations have established themselves as trusted authorities among clients. They take a leadership position in helping clients sift through the avalanche of misguided experts by thinking about their concerns and answering every question that pertains to their health insurance.

For them, it is all about nurturing healthy relationships with clients, and helping them behind the curtains is Enrollment 123 (E123).

E123 is a leading insurtech provider that enables independent sales organizations to efficiently manage their business, agents, and customers. The company’s enterprise platform provides an environment for selling, enrollment, billing, administration, commission-tracking, and customer communications for agents, customers, members, and employees, giving clients the tools to help launch and grow their businesses.

“We support our clients from start-up to scale and have a track record of helping closers become entrepreneurs in building successful, thriving companies,” says Brendan McLoughlin, President, E123.

E123’s software solutions support enrolling members, setting up products and catalogs, combining products into bundles, and selling them to clients on a single invoice.
Carriers rely on its solutions to increase revenue and compliance best practices and reduce overhead costs while IMOs partner with the company to engage their down line, and agents to engage their members. E123 provides renowned platform services for FMOs to ensure their downline is engaged and able to sell healthcare and membership programs, meeting both the carriers’ and organization’s standards.

For individuals who cobble together insurance products from multiple providers, carriers, and sources, E123’s software allows all the disparate products to come together in a single order going forward, vastly simplifying the process.

E123 has recently launched a new product, MedAd123 that allows Medicare Advantage selling agencies to manage an accurate book of business with commission and advance payment management. MedAd123 ingests enrollment data based on agencies’ requirements, offers accurate member enrollment and reporting status, and provides overall policy lifecycle management for members enrolled with Medicare Advantage. The system also allows setting an agent hierarchy with audit and error reporting to ensure accurate commission payouts. By streamlining the complex and often arcane tangle of private insurance policies and federal requirements, E123 is opening the popular Medicare Advantage to millions of more seniors. This is helping agencies offer Medicare Advantage while simultaneously reducing the overhead required by insurance carriers to underwrite it.

MedAd123 allows agencies to create expected commissions for new Medicare Advantage policies, manage year one and subsequent monthly commissions, ingest commission data from carriers and TPAs, automate calculation and tracking of commissions, utilize audit and exception reporting to identify potential errors, and identify disenrollments and commission clawbacks.

“By enabling multiple advance types, we make it E123 easy for independent sales organizations to manage their business, agents, and customers,” adds McLoughlin.